Material Evolution: Cement is responsible for some 8% of global CO2 emissions.

Material Evolution, an advanced materials company based in the UK, has raised €17.3 million (US$19 million) in Series A funding for its smart, low-carbon cement made from industrial waste streams. The funding will support the scaling of production for their breakthrough cement, which has an 85% lower carbon footprint than ordinary Portland cement.

The funding round was led by KOMPAS VC, with participation from Norrsken VC, CircleRock Capital, and existing investors. SigmaRoc also made a strategic investment to collaborate on developing low carbon concrete products.

Material Evolution’s innovative manufacturing process eliminates heat and high CO2 emissions associated with traditional cement production. By decentralizing cement production and utilizing waste materials, they aim to revolutionize the industry.

The investment will be used to scale production, invest in R&D, and create blueprints for technology licensing and expansion. The company’s low-carbon cement has gained traction, and the funding will help meet market demand and contribute to the decarbonization of the built environment.

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