Canvas Category Consultancy : Company : Venture Capital
We’re a more human VC helping solve big human problems. Materials are behind all ideas that matter.The future of earth and humankind depends on material science and deep tech innovations.
Material Impact's $352M Fund III
We are excited to announce that we have raised Material Impact Fund III, an oversubscribed $352M fund that will allow us to continue building deep tech companies powered by material science innovation. These will be the companies and ideas behind the next world-changing products.
DetraPel Closes $7.6M Series A Funding Round Led by Material Impact
DetraPel, the advanced materials company that manufactures sustainable coatings announced the completion of its $7.6M Series A funding led by Material Impact. Additional investors in this round include multi-billion dollar packaging ink manufacturer, INX International, along with Touchdown Ventures, FitzGate Ventures, Boro Capital, Icebook Investments, and others. The newly raised funds will allow DetraPel to build on the market traction of the company’s recently rebranded industrial arm, Impermea Materials. DetraPel has also rebranded its consumer operations to ProofPlus. The capital is earmarked for scale up of its commercial coatings production to meet the demand of customers. Current industrial customers include four of the largest paper suppliers in the world and industry-leading consumer packaged goods companies who are aiming to offer premium and environmentally friendly packaging options to their increasingly eco-conscious customer bases.
Impermea Materials provides various industries including paper & paperboard packaging, textiles, healthcare, etc., with better performing products for everyday use with its patented protective coatings that are made from PFAS-free and Fluorine-Free, bio-based chemistries. The barrier coatings, which are being produced at scale, address the complex challenges facing businesses around product performance, while addressing environmental concerns by maintaining recyclability, repulpability & compostability. Recent pieces of legislation banning PFAS, or ‘forever chemicals’, in industrial manufacturing processes have fueled interest in alternative chemistries like those from Impermea to mimic the performance of PFAS without the harmful effects on the environment and human health.
Gen Phoenix partners with Material Impact, Dr. Martens, InMotion Ventures, and Tapestry to scale sustainable next-gen material innovation
Gen Phoenix, the leading producer of sustainable recycled leather at scale, is announcing $18M in funding to further the company’s mission to create premium and eco-conscious next-gen materials. The investment was led by venture capital firm Material Impact, with participation from Dr. Martens, InMotion Ventures, the investment arm of Jaguar Land Rover, and Tapestry, the house of modern luxury lifestyle brands that include Coach, Stuart Weitzman and Kate Spade. The funding round also includes existing investors ETF Partners and the Hermes GPE Environmental Innovation Fund, who continue to support the company’s growth plans.
⚗️🧠 Mattiq Launches With Revolutionary Approach to Developing Sustainable Materials
Mattiq, the developer of a revolutionary approach to sustainably produce chemicals and fuels poised to transform industries from energy to consumer products, today announced its launch alongside securing $15 million in seed funding, led by Boston-based venture capital firm Material Impact. Formerly known as Stoicheia, Mattiq also announced it has hired veteran Silicon Valley executive and entrepreneur Jeff Erhardt as Chief Executive Officer.
By synthesizing and evaluating millions of potential combinations in parallel, Mattiq’s integrated technology platform streamlines the historically fragmented development of novel materials powering a variety of products and solutions. At the same time, this work generates unprecedented amounts of high quality data that is enabling Mattiq to build the world’s most powerful materials AI.