Material Evolution

Material Evolution

Private
BelfastEnergy & Sustainabilityhttps://materialevolution.com

Last Round

Debt

Jun 19, 2025

Total Funding Raised

$31.69M

Company Overview

Material Evolution is a manufacturing and clean technology company that produces an ultra-low carbon cement alternative made from 95% industrial waste.

Sector

Energy & Sustainability

Verticals

Advanced Materials, Construction Tech, Clean Manufacturing, Circular Economy, Green Building

Business Model

B2B

Customer Profile

Hardware Sales, Services & Consulting, Government Contracts

AI Layer

Application

Keywords

ultra-low carbon cementcement alternativegeopolymer cementalkali-fusion processgreen cementsustainable cementcement decarbonizationlow carbon concreteindustrial waste recyclingOPC replacementclean manufacturingcircular economyAI materials formulationConTechtechnology licensingadvanced materialssteel slag

Historical Pricing

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Material Evolution Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Material Evolution Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
DebtJun 19, 2025
Series AJun 29, 2023
GrantDec 16, 2022
SeedNov 22, 2021
GrantNov 22, 2021
Pre Seed
Sep 7, 2020

Key People

Founding team and executive leadership

Sam Clark

Co-Founder COO

Founding Team

Elizabeth Gilligan

Chief Executive Officer

Executive Team

Material Evolution Investors

Notable investors and investment history

InvestorRounds
Innovate UKGrant
HG VenturesPre Seed, Series A
Playfair CapitalSeries A, Seed
TechstarsPre Seed
The Heritage GroupSeed
CircleRock CapitalSeries A
SkyRiver VenturesSeed, Series A

Market signals

Structured signals derived from secondary market and firmographic data.

  • Mar 26, 2026

    Launched an ultra-low-carbon cement that cuts emissions by up to 85%.

  • Dec 2, 2025

    Attended the 2025 Unlock Net Zero Awards and was shortlisted for an award.

Material Evolution Filings

SEC and related filings with document metadata.

TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Material Evolution Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Material Evolution's valuation, stock price, and market status.

Firmographic Details

HeadquartersBelfast
Employee Range23
Year Founded2017
Last FundingJun 19, 2025

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