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Material Evolution

Real Estate · Darlington, United Kingdom · Founded 2017

Low-carbon geopolymer cement from industrial waste streams. MoreLess

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

Company overview

Material Evolution company information

The essential company record, classifications and operating signals in one place.

Status
Operational
Founded
2017
Headquarters
Darlington, United Kingdom
Employees
24
Open positions
2
Dealroom signal
69.6
client focusb2btechnologyArtificial IntelligencetechnologyHardwaretechnologyDeep Techsub industryConstructionbusiness modelManufacturingindustryReal EstatesectorCore AIsectorSpinoutsectorSustainable Development GoalssectorUrban TechsectorAdvanced MaterialssectorSustainable CementsectorClimate Tech

Valuation & funding

Material Evolution funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
DEBTDebt Jun 2025 $0 HSBC Innovation Banking
GRANTOther financing Aug 2024 $66K UK Research and Innovation
SERIES AEquity / VC Jun 2023 $20M $79M CircleRock Capital · KOMPAS VC · Playfair Capital · Norrsken VC
SEEDEquity / VC Nov 2021 $1.7M $6.8M Heritage Group · At One Ventures · Playfair Capital
GRANTOther financing Nov 2021 $1.7M Undisclosed
SEEDEquity / VC Sep 2020 Undisclosed
Showing 6 recorded eventsUnlock the complete deal history →

Financials

Workforce over time

Available workforce history. Financial fields without reported data are omitted.

YearEmployees
2026 26
2025 23
2024 32
2023 21
2022 16
2021 6
2020 2
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Growth signals

Material Evolution website traffic

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.

Latest monthly visits2K 3-month web change-23.1% 1-year team growth+4.3%
Monthly website visits50 observations · Oct 2021–Jul 2026
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Hiring

Open positions at Material Evolution

Current openings linked to this company in Dealroom.

2 distinct openings shownExplore hiring signals →

Comparisons

Material Evolution compared with similar companies

Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.

Showing 8 of the closest matchesCompare every metric →

Talent graph

Material Evolution's talent

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Team profiled 7 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

14 investors on Material Evolution's cap table

Sourced from Dealroom's funding and investor records.

Seed 4 investors entered at this stage
Heritage Group
At One Ventures
Playfair Capital
UK Research and Innovation
Series A 6 investors entered at this stage
CircleRock Capital
KOMPAS VC
Norrsken VC
SigmaRoc
HG Ventures
SkyRiver Ventures
Series B+ 1 investor entered at this stage
HSBC Innovation Banking
Other known 3 additional known investors
Grow London
Innovate UK Business Connect
Royal Academy of Engineering Enterprise Hub

Global footprint

Where Material Evolution has talent and traffic

Workforce by country
2 countries with
team presence
🇬🇧 United Kingdom95%
🇺🇸 United States5%
2 countries shown

In the news

Latest news about Material Evolution

Recent press, funding announcements, and product moves mentioning Material Evolution — open to read from the original sources.

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Market sentiment

What the market is saying about Material Evolution

An AI-synthesized read of the highest-engagement posts about Material Evolution on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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