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§ Private Profile · Middlesbrough, UK
Material Evolution is a company.
Material Evolution has raised $22.4M across 2 funding rounds.
Key people at Material Evolution.
Material Evolution has raised $22.4M in total across 2 funding rounds.
Material Evolution develops ultra-low carbon geopolymer cement solutions, leveraging AI in its material science approach. This technology engineers sustainable construction materials, reducing the carbon footprint of traditional cement. Their patented geopolymer offers a high-performance alternative for infrastructure projects.
The company was co-founded by Dr. Elizabeth Gilligan, who is CEO, and Sam Clark. Dr. Gilligan, a material science expert, identified the critical need to decarbonize heavy industries, especially cement manufacturing, a major CO2 emitter. This insight drove the development of their proprietary geopolymer technology, directly addressing environmental challenges.
Material Evolution targets the construction sector, supplying low-carbon cement to builders and developers committed to responsible projects. The company's vision is to establish a new global standard for sustainable construction, enabling infrastructure with drastically reduced environmental impact. They aim to accelerate the industry's transition towards a net-zero future.
Material Evolution (Mevo) develops ultra-low carbon cement products using AI-driven alkali-fusion technology that repurposes industrial waste and byproducts, targeting an 85% reduction in carbon emissions compared to traditional cement.[1][2][3][6] The company serves the construction sector by providing sustainable alternatives like MevoCem, launched in 2024 from its Wrexham facility, addressing cement's 8% contribution to global CO2 emissions while promoting circular economy principles through waste valorization.[1][2][4][6] With $22.87M raised and a 120,000 tonne/year production plant operational, Mevo demonstrates strong growth, including recent awards and partnerships like a pilot with Tarmac.[1][4]
Material Evolution was incorporated on December 8, 2017, in Belfast, Northern Ireland, but its core innovation emerged later.[5] Founders Liz and Sam launched Mevo in 2020 from Liz’s parents’ garage, driven by a patented alkali fusion process using legacy steel waste to produce low-emission geopolymer cement.[3] Early traction came via accelerators like Propel and TechStars, seed funding from Playfair Capital, At One Ventures, SkyRiver Ventures, and an Innovate UK grant, enabling a pilot plant and relocation to Middlesbrough’s R&D hub.[3] A £15M Series A in 2023 (totaling ~$22.87M) supported the first commercial facility in Wrexham, marking rapid scaling from lab to production.[1][3][4][6]
Material Evolution rides the net-zero construction wave, capitalizing on regulatory pressures like UK cement decarbonization mandates and global demand for low-carbon materials amid cement's 8% of CO2 emissions.[1][2][4][6] Timing aligns with industrial symbiosis trends, where waste from steel and other sectors becomes feedstock, amplified by AI for material discovery and circular economy policies reducing landfill use.[2][3] Mevo influences the ecosystem through collaborations, awards (e.g., National Innovation Award 2025), and advocacy for scalable alternatives, positioning it to disrupt the £500bn industry while enabling partners to meet Scope 3 goals.[4][6]
Material Evolution is poised for explosive growth, with its Wrexham plant scaling output, R&D pushing carbon-negative cements, and funding pursuits for gigaton savings by 2040.[1][4] Trends like AI-material science integration, stricter emissions regs, and waste-to-value mandates will accelerate adoption, potentially expanding facilities and global partnerships.[2][4] As a garage-to-production pioneer, Mevo could redefine sustainable construction, transforming industrial waste into climate solutions at scale.[3][6]
Material Evolution has raised $22.4M in total across 2 funding rounds.
Material Evolution's investors include Kompas VC, Almaz Capital, Curiosity VC, Haatch, Karma Ventures, Playfair Capital, SOSV, Verve Ventures, Jim Williams, CircleRock Capital, David Frykman, SigmaRoc.
Key people at Material Evolution.
Material Evolution has raised $22.4M across 2 funding rounds. Most recently, it raised $19.0M Series A in June 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 1, 2023 | $19M Series A | KOMPAS VC | Almaz Capital, Curiosity VC, Haatch, Karma Ventures, Playfair Capital, SOSV, Verve Ventures, JIM Williams, Circlerock Capital, David Frykman, Sigmaroc | Announced |
| Nov 22, 2021 | $3.4M Grant | Playfair Capital | AT ONE Ventures, Innovate UK, Milestone Construction, SkyRiver Ventures, The Applebridge Construction Group, The Heritage Group | Announced |