Material Evolution - About the company
Material Evolution is a series A company based in London (United Kingdom), founded in 2017 by Sam Clark and Elizabeth Gilligan. It operates as a Manufacturer of low carbon cement using industrial waste and byproducts. Material Evolution has raised $20.7M in funding from investors like Techstars, Kompas and Playfair Capital. The company has 69 active competitors, including 26 funded and 3 that have exited. Its top competitors include companies like Fortera, Paebbl and Carbicrete.
Company Details
Manufacturer of low carbon cement using industrial waste and byproducts. This process utilizes alkali fusion to create binding materials at ambient temperatures. The production method incorporates industrial waste and natural materials to replace traditional clinker. The resulting cement integrates into existing construction workflows and provides structural strength for building projects.
- Website
- www.materialevolution.com/
- Social
- Registered Address
- SUITE 182,21 BOTANIC AVENUE,BELFAST,NORTHERN IRELAND,BT7 1JJ
Key Metrics
Founded Year
2017
Location
London, United Kingdom
Stage
Series A
Total Funding
$20.7M in 5 rounds
Latest Funding Round
Ranked
11th among 69 active competitors
Employee Count
25 as on Jul 31, 2026
Legal entities associated with Material Evolution
Material Evolution is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
MATERIAL. EVOLUTION LTD. CIN: NI649729 , United Kingdom, Active | Dec 07, 2017 | - | 11 (As on Jan 31, 2022) |
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Material Evolution's funding and investors
Material Evolution has raised a total funding of $20.7M over 5 rounds. Its first funding round was on 2020. Its latest funding round was a Venture Debt round on Jun 20, 2025 for $*****. 1 investor participated in its latest round. Material Evolution has 13 institutional investors.
Here is the list of recent funding rounds of Material Evolution:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 20, 2025 | 9722847 | Venture Debt | 2467244 | 8357608 | 5055334 | 1467799 |
Jun 29, 2023 | 2389412 | Series A | 3561035 | 4404230 | 5545602 | |
Nov 22, 2021 | 2908088 | Seed | 2143914 | 4100556 |
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Material Evolution's founders and board of directors
Founder? Claim ProfileThe founders of Material Evolution are Sam Clark and Elizabeth Gilligan. Elizabeth Gilligan is the CEO of Material Evolution.
Here are the details of Material Evolution's key team members:
- Sam Clark: Co-Founder & COO of Material Evolution. Contact Info: 1 email address
- Elizabeth Gilligan: Co-Founder & CEO of Material Evolution and founder of 1 other company.
View details of Material Evolution's Founder profiles and Board Members
Material Evolution's employee count trend
Material Evolution has 25 employees as of Jul 26. Here is Material Evolution's employee count trend over the years:
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Material Evolution's Competitors and alternates
Top competitors of Material Evolution include Fortera, Paebbl and Carbicrete. Here is the list of Top 10 competitors of Material Evolution, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Fortera 2010, San Jose (United States), Series C | Manufacturer of cement | $141M | 63/100 | |
2nd | Manufacturer of carbon-storing supplementary cementitious material for the construction industry | $32.9M | 62/100 | ||
3rd |  Carbicrete 2016, Westmount (Canada), Series A | Developer of technology enabling cement-free concrete production using industrial by-products | $22M | 60/100 | |
4th | Provider of a finnish materials technology company that develops and provides low-carbon and waste-free solutions to reduce CO₂ emissions and the use of virgin natural resources in the construction and mining industries | $8.26M | 58/100 | ||
5th |  Hoffmann Green Cement Technologies 2014, La Roche sur Yon (France), Public | Manufacturer of decarbonated cements for construction and related applications | $28.7M | 58/100 | |
6th |  Brimstone 2019, Oakland (United States), Series A | Manufacturer of cement through the carbon-negative process | $60.1M | 58/100 | |
7th |  Biomason 2012, Raleigh (United States), Series C | Provider of low-carbon cement materials for the construction sector | $104M | 57/100 | |
8th |  Furno Materials 2020, Mountain View (United States), Seed | Developer of low carbon concrete solutions | $11M | 56/100 | |
9th |  Blue Planet Systems 2012, Los Gatos (United States), Series C | Provider of carbon capture and sequestration solutions | $27.4M | 55/100 | |
10th | Ecocem 2002, Bolton (United Kingdom), Series B | Provider of cement for construction industry | $27.1M | 54/100 | |
11th |  Material Evolution 2017, London (United Kingdom), Series A | Manufacturer of low carbon cement using industrial waste and byproducts | $20.7M | 55/100 |
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Material Evolution's Investments and acquisitions
Material Evolution has made no investments or acquisitions yet.
Reports related to Material Evolution
Here is the latest report on Material Evolution's geography:
News related to Material Evolution
Filter this listMedia has covered Material Evolution for a total of 2 events in the last 1 year, 1 of them has been about people movement.
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Material Evolution Receives Made in Britain Accreditation for Low-Carbon CementWorld Cement•Oct 09, 2025•Material Evolution
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Material Evolution Secures HSBC Venture Debt for Cement Scale-UpCoverager•Jun 23, 2025•Material Evolution, HSBC
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Material Evolution obtains HSBC funding for low-carbon cement businessBusinessGreen•Jun 20, 2025•HSBC Innovation Banking, Material Evolution
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Material Evolution secures HSBC venture debt for cement scale-upGlobalcement•Jun 20, 2025•Material Evolution, HSBC Innovation Banking
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Material Evolution inks partnership to deploy low carbon cement in marine projectsBusinessGreen•Feb 05, 2025•Material Evolution, ARC Marine
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Material Evolution appoints new director of research and developmentInsider Media•Feb 05, 2025•Material Evolution
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