Material Evolution

Assembly Line

Material Evolution raises $19M to decarbonize the cement industry

📅 Date:

✍️ Author: Paul Sawers

🔖 Topics: Funding Event

🏢 Organizations: Material Evolution, Kompas, SigmaRoc

Founded in 2017, Material Evolution today announced it has raised £15 million ($19 million) in a Series A round of funding to scale production of its low-carbon cement, which it says has an 85% lower carbon-footprint than normal Portland cement. The company’s Series A was led by Kompas VC, with participation from Norrsken VC, Circle Rock, and SigmaRoc.

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