Material Evolution: Funding, Investors & Team (Nov 2026)
Material Evolution creates low-carbon cement solutions for ready-mix and precast uses, with their leading product, MevoCem, utilizing a unique alkali fusion technique and AI technology to produce a binder with significantly lower carbon emissions compared to traditional cement. This product maintains the same strength as regular cement and can be seamlessly integrated into existing processes. Additionally, the company focuses on using industrial waste and local materials to reduce their environmental footprint and partners with construction companies to expand their production capabilities while prioritizing sustainability throughout the supply chain.
Material Evolution has raised $3.4M across 2 funding rounds on record, the most recent an undisclosed round announced in Jun 2025.
Material Evolution Company Profile and Key Stats
Latest funding round on record: Jun 2025.
Material Evolution Funding Rounds
1 of 2 rounds was announced without a disclosed amount and is excluded from the total.
Material Evolution raised $3.4M in a Seed announced in Nov 2021.
3.6 years later, an undisclosed round was announced in Jun 2025 with no disclosed amount.
Material Evolution Founders and Leadership Team
No contact details are on record for this team yet.
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Material Evolution Funding FAQs
What does Material Evolution do?
Material Evolution creates low-carbon cement solutions for ready-mix and precast uses, with their leading product, MevoCem, utilizing a unique alkali fusion technique and AI technology to produce a binder with significantly lower carbon emissions compared to traditional cement. This product maintains the same strength as regular cement and can be seamlessly integrated into existing processes. Additionally, the company focuses on using industrial waste and local materials to reduce their environmental footprint and partners with construction companies to expand their production capabilities while prioritizing sustainability throughout the supply chain.
How much funding has Material Evolution raised?
Material Evolution has raised $3.4M across 2 rounds on record.
When did Material Evolution last raise funding?
Material Evolution's most recent funding round on record was announced in Jun 2025. The amount was not disclosed.
Who founded Material Evolution?
FundedIQ lists Elizabeth Gilligan (Founder) at Material Evolution.
Where is Material Evolution headquartered?
Material Evolution is based in Dover, Delaware, United States.
How many employees does Material Evolution have?
Material Evolution is in the 11-50 employee band.
About FundedIQ's Material Evolution Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Material Evolution is left off this page rather than filled in.
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