Ada Ventures

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UK’s Materials Nexus raises €2.3M to discover, develop sustainable climate material

📅 Date:

✍️ Author: Vishal Singh

🔖 Topics: Funding Event

🏢 Organizations: Materials Nexus, Ada Ventures

London-based Materials Nexus, a deeptech company that processes quantum calculations, announced on Wednesday that it has raised £2M (approximately €2.33M) in a fresh round of funding. The investment was led by Ada Ventures with further investment from High-Tech Gründerfonds, The University of Cambridge, and National Security specialists MD One Ventures. The company says the funds will be used to launch its “ground-breaking” AI and quantum mechanics technology, which accelerates the discovery and development of sustainable, cheaper, higher-performing materials.

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