# Matteco Team SL

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/matteco-team-sl

- Industry: Materials
- Headquarters: Valencia, Spain
- Website: www.matteco.com
- Total disclosed funding: $16M
- Latest round: Series A (Oct 23, 2024)
- Investors on record: 3

## About

Founded in 2023 by Iker Marcaide, and based in Valencia, Spain, Matteco Team SL operates as a materials technology company focused on developing innovative solutions aimed at decarbonizing the economy and facilitating the transition to renewable energy sources. In October 2024, Matteco Team SL raised EUR 15 million in Series A funding from ASV Group, Napali, and Zubi Capital.

Matteco specializes in the development and production of catalysts and electrodes for green hydrogen production. These products leverage non-precious group metals (non-PGM) and advanced nanotechnology, setting new standards for alkaline and anion exchange membrane (AEM) electrolysis processes. The company's core offerings aim to enhance the efficiency and scalability of hydrogen production, addressing critical barriers to hydrogen adoption in sectors such as heavy industry, long-haul transportation, and seasonal energy storage. Matteco’s solutions are designed for use in various geographical markets, including Europe and North America, where they target industrial customers seeking to decarbonize their operations and contribute to a sustainable energy landscape.

Matteco's revenue model primarily involves B2B transactions, focusing on partnerships with industrial clients that require advanced materials for green hydrogen production. The company engages in contracts with its clients to provide tailored solutions that meet specific production needs, thus fostering long-term collaborations. Revenue is generated through direct sales of proprietary catalysts and electrodes.

The company intends to use the October 2024 funding to support the development of its factory in Paterna, Sapin.

## Funding rounds

- Series A, Oct 23, 2024, $16M — Zubi Capital, Napali, ASV Funeser SLU

## Investors

- Zubi Capital (https://capitalatlas.ai/funds/zubi-capital) — Series A
- Napali — Series A
- ASV Funeser SLU — Series A