Material Evolution
Material Evolution uses patented geopolymer technology and proprietary algorithms to produce what it bills as the most sustainable materials on the planet
Material Evolution has raised €20M across 2 funding rounds from 10 investors, most recently a Series A round in Jun 2023. Based in Middlesbrough, UK; active in Cleantech. Data as of 28 Oct 2026.
Middlesbrough, UKwww.materialevolution.com ↗
Total raised
€20M
€20,375,830
Funding rounds
2
Investors
10
distinct backers
Active since
2021-11
latest 2023-06
Funding by year
EUR raised per yearMaterial Evolution — funding by year — interactive chart.
Data table
| Material Evolution — funding by year | |
|---|---|
| 2021 | €3.0M |
| 2023 | €17M |
Signals
High confidenceRaise-next likelihood10
base rate 44% for Series A
- ▼ Past typical raise window
- ▲ Up-round momentum
Exit likelihood9
base rate 11% (2+ rounds)
- ▲ 5y since founding (typical exit age)
- ▼ No recent equity round (debt-only or quiet)
Timing: overdue vs cohort gap · momentum up. Funding-only estimates, not predictions and not investment advice — see signals.
Funding rounds
2 rounds| Date | Stage | Amount | Investors | |
|---|---|---|---|---|
| 2023-06-29 | Series A | €17M | CircleRock Capital,KOMPAS VC,Norrsken VC | View deal → |
| 2021-11-22 | Seed | €3.0M | At One Ventures,Innovate UK,Milestone Construction,Playfair Capital,SkyRiver Ventures,The Applebridge Construction Group+1 more | View deal → |