Material Evolution
Assembly Line
Material Evolution raises $19M to decarbonize the cement industry
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.