M
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
Valuation & funding
Material Evolution 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 | — |
| SERIES A✓Equity / VC | Jun 2023 | $20M | $79M | CircleRock Capital · KOMPAS VC · Playfair Capital · Norrsken VC | ↗ |
| SEED✓Equity / VC | Nov 2021 | $1.7M | $6.8M | Heritage Group · At One Ventures · Playfair Capital | ↗ |
| GRANT✓Other financing | Nov 2021 | $1.7M | — | Undisclosed | ↗ |
| SEEDEquity / VC | Sep 2020 | Undisclosed | — |
Financials
Workforce over time
Available workforce history. Financial fields without reported data are omitted.
| Year | Employees |
|---|---|
| 2026 | 26 |
| 2025 | 23 |
| 2024 | 32 |
| 2023 | 21 |
| 2022 | 16 |
| 2021 | 6 |
| 2020 | 2 |
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.
Hiring
Open positions at Material Evolution
Current openings linked to this company in Dealroom.
Comparisons
Material Evolution compared with similar companies
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Talent graph
Material Evolution's talent
Source: Dealroom Talent Intelligence.
Investors
14 investors on Material Evolution's cap table
Sourced from Dealroom's funding and investor records.














Global footprint
Where Material Evolution has talent and traffic
team presence
In the news
Latest news about Material Evolution
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Market sentiment
What the market is saying about Material Evolution
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