Mars Materials
PrivateLast Round
Pre Seed
Oct 26, 2022
Total Funding Raised
$660,000
Momentum Score
50 /100
Company Overview
Mars Materials, Inc. PBC is a venture-backed carbon utilization startup that is commercializing a technology to produce acrylonitrile (AN), a key industrial chemical, from captured carbon dioxide and bio-based feedstocks. The company's mission is to reverse humanity's industrial carbon footprint by sequestering captured CO2 into long-lived products like carbon fiber and wastewater treatment chemicals. Developed at the National Renewable Energy Laboratory (NREL) and licensed by Mars, the nitrilation process technology is designed to be a lower-cost, lower-emission, drop-in replacement for the incumbent petrochemical-based production method. The company, a public benefit corporation founded in 2019, was originally based in Oakland, California, but relocated its headquarters and pilot operations to Houston, Texas, in 2023.
Sector
Frontier & Industrial Tech
Verticals
Sustainable Materials, Carbon Capture, Clean Manufacturing, Advanced Materials, Water Treatment
Business Model
B2B
Customer Profile
Government Contracts
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Mars Materials Comps
Public and private peers based on sector, stage, and business model.
Mars Materials Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Pre Seed | Oct 26, 2022 |
Mars Materials Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Untapped Capital | Pre Seed |
| BlackTech Capital | Pre Seed |
| Overlap Holdings | Pre Seed |
| Prithvi Ventures | Pre Seed |
Mars Materials Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
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