# Material Evolution

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/material-evolution

- Industry: Materials
- Headquarters: Belfast, Ireland
- Website: www.materialevolution.com
- Total disclosed funding: $21M
- Latest round: Series A (Jun 24, 2023)
- Investors on record: 11

## About

Material. Evolution Ltd., based in Belfast, UK, specializes in the development of sustainable construction materials, notably its innovative low-carbon cement solution, MevoCem, aimed at reducing environmental impact in the construction sector.Founded in 2017 in Belfast, Ireland, Material. Evolution Ltd. is dedicated to revolutionizing the cement industry with its flagship product, MevoCem. In June 2025, Material Evolution Ltd. raised an undisclosed amount of venture debt funding from HSBC Bank. Sam Clark is the founder.Material Evolution focuses on producing its flagship product, MevoCem, an ultra-low carbon cement solution that significantly reduces CO2 emissions compared to traditional Ordinary Portland Cement (OPC). MevoCem is engineered to emit between 144-196 kg of CO2 equivalent per tonne, while achieving a strength rating of 52.5N with a reduced binder content. This innovative cement integrates seamlessly into existing construction workflows, catering primarily to the sustainable construction sector. The company employs an alkali fusion process that allows for the creation of a clinker-like material at ambient temperatures, enhancing its environmental appeal. Material Evolution targets various geographical markets, with an emphasis on regions prioritizing sustainability in construction, including North America, Europe, and parts of Asia, where eco-friendly building practices are gaining traction.Material Evolution's revenue model is structured around B2B transactions, focusing on partnerships with construction firms, manufacturers, and developers committed to sustainability. These transactions typically involve bulk supply agreements for MevoCem, enabling clients to incorporate eco-friendly cement into their projects. Given the adoption of MevoCem in high-volume construction applications, the company engages in direct partnerships or supply contracts tailored to specific project needs, fostering long-term relationships with its clients. Pricing structures reflect the premium nature of sustainable products, with potential tiered pricing based on order volume or project scale. The revenue streams are bolstered by ongoing collaborations aimed at increasing the production scale and efficiency of their compact factory model, which allows for sustainable, high-volume output. Material Evolution Ltd. will use the July 2025 funding to scale-up the production of its MevoCem ultra-low carbon cement product.

## Funding rounds

- Series A, Jun 24, 2023, $19M — Playfair Capital, Norrsken VC, HG Ventures, SigmaRoc plc, At One Ventures, SkyRiver Ventures, Kompas, CircleRock Capital
- Seed, Nov 22, 2021, $1.7M — Playfair Capital, The Heritage Group, At One Ventures, SkyRiver Ventures, Applebridge Construction Limited, Milestone Contracting Limited

## Investors

- Playfair Capital (https://capitalatlas.ai/funds/playfair-capital) — Seed, Series A
- The Heritage Group — Seed
- At One Ventures (https://capitalatlas.ai/funds/at-one-ventures) — Seed, Series A
- SkyRiver Ventures (https://capitalatlas.ai/funds/skyriver-ventures) — Seed, Series A
- Applebridge Construction Limited — Seed
- Milestone Contracting Limited — Seed
- Norrsken VC (https://capitalatlas.ai/funds/norrsken-vc) — Series A
- HG Ventures (https://capitalatlas.ai/funds/hg-ventures) — Series A
- SigmaRoc plc — Series A
- Kompas (https://capitalatlas.ai/funds/kompas) — Series A
- CircleRock Capital — Series A