M
Material Evolution
Low-carbon geopolymer cement from industrial waste streams.
About Material Evolution
Material Evolution is a UK-based materials technology company founded in 2020 by CEO Dr. Elizabeth Gilligan and COO Sam Clark. The venture originated from Dr. Gilligan's materials science expertise and a drive to take direct action against climate change, starting in her parents' garage. The company aims to decarbonize the cement industry, which accounts for approximately 8% of global CO2 emissions. The firm's core innovation is a proprietary, heat-free alkali-fusion process that produces a high-performance, ultra-low carbon cement. This method leverages artificial intelligence to formulate geopolymer cement from industrial byproducts and waste, such as legacy steel waste, effectively creating a circular economy. The resulting flagship product, MevoCem, is a one-part powder system designed as a 1:1 replacement for Ordinary Portland Cement (OPC), reducing carbon emissions by up to 85%. MevoCem achieves a 52.5N strength rating and is engineered for durability in harsh environments, integrating into existing concrete production workflows without requiring operational changes. Material Evolution primarily serves the construction sector, targeting concrete producers, property developers, and government agencies seeking to meet low-carbon objectives. Its business model involves the sale of its cement products and the planned licensing of its production technology. The company has secured strategic partnerships with major industry players like SigmaRoc and Tarmac for product development and pilot projects. In June 2023, the company raised £15 million in a Series A funding round led by KOMPAS VC and Norrsken VC to scale production. This funding facilitated the construction of the Mevo A1 Production Facility in Wrexham, Wales, which became operational in October 2024. The facility, the UK's largest of its kind, has an annual production capacity of 120,000 tonnes and is co-located with a concrete block manufacturer to minimize transport emissions. Keywords: low-carbon cement, geopolymer cement, MevoCem, alkali-fusion technology, sustainable construction materials, construction technology, circular economy, industrial waste recycling, cleantech, decarbonization, green building materials, cement replacement, Series A, concrete admixture, advanced materials, materials science, AI-driven formulation, clinker-free cement, net-zero construction, UK manufacturing
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2017
- Headquarters
- Darlington, United Kingdom
- Employees
- 24
- Open positions
- 2
- Dealroom signal
- 69.6/100
- Industry
- Real Estate
- Sub-industry
- Construction
- Sector
- Real Estate, Core AI, Spinout, Sustainable Development Goals, Urban Tech, Advanced Materials, Sustainable Cement, Climate Tech
- Technology
- Artificial Intelligence, Hardware, Deep Tech
- Business model
- Manufacturing
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| DEBT✓Debt | Jun 2025 | $0 | — | HSBC Innovation Banking | ↗ |
| GRANT✓Other financing | Aug 2024 | $66K | — | UK Research and Innovation | — |
Growth signals
Latest recorded traffic for Material Evolution is 2K monthly website visits, down 23.1% over the last three months. Material Evolution's team grew 4.3% over the past year.
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed4 investors entered at this stage
Heritage Group
At One Ventures
Playfair Capital
UK Research and Innovation
Series A6 investors entered at this stage
CircleRock Capital
KOMPAS VC
Norrsken VC
SigmaRoc
HG Ventures
SkyRiver Ventures
Series B and later1 investor entered at this stage
HSBC Innovation Banking
Other known investors3 additional known investors
Grow London
Innovate UK Business Connect
Royal Academy of Engineering Enterprise Hub
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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