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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]
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 |
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.