Cambridge’s Immaterial secures €15.4M to advance industrial decarbonisation: Know more

Cambridge-based Immaterial has raised €15.49M in a funding round, aiming to advance the energy transition with its materials and solutions.

Cambridge-based Immaterial Ltd, an advanced materials and engineering solutions company, has completed its Series A2 funding round, raising £13.5M (nearly €15.49M). 

The round was led by SLB, with participation from existing investors AP Ventures, Moeve, and Chairman Jogchum Brinksma, as well as new investor Finindus, a joint venture between ArcelorMittal and the Flemish Government.

Mohammed Khan, CEO of Immaterial, says, “We are delighted to have our existing investors continue with their commitment and demonstrate confidence in Immaterial and the team, and support us to scale a differentiated industrial solutions platform that delivers an economic transformation to our customers in hard-to-abate sectors.”

“We are equally delighted to welcome Finindus as a new investor with deep knowledge of the global steel sector and look forward to their support as we roll out our Generation 2 decarbonisation system pilots with our partners and customers.”

Brief about Immaterial

Immaterial builds on research recognised by the Nobel Prize in Chemistry for metal-organic frameworks (MOFs). The company has developed a technology platform that applies monolithic MOFs to multiple industrial processes.

Immaterial’s goal is to lower the cost of industrial decarbonisation by creating tailored materials suited to specific applications, produced at scale through its own methods, and integrated with process engineering systems.

The company’s platform adapts existing MOF structures into monolithic forms, increasing their efficiency in gas and liquid handling. Demonstrated uses include carbon capture, intermittent hydrogen storage, water harvesting, and HVAC energy reduction solutions.

Immaterial claims it is currently the only company producing MOFs in monolithic form—dense, stable structures that maintain high storage capacity. It has developed its own materials using a digital design and synthesis approach called “Wet-AI”, which combines computational discovery with sustainable chemistry. 

The company is also expanding machine learning applications to optimise industrial solutions. Immaterial is setting up a manufacturing facility in Cambridge to produce these materials at scale and support pilot projects with industry partners.

Capital utilisation

The funds will support Immaterial’s commercialisation plans by advancing pilot projects that showcase its technology platform with partners and customers in Europe and the US. It will also build on progress made through a completed pilot project in Europe.

Professor David Fairen-Jimenez, Chief Scientific Officer and founder of Immaterial, says, “It is a special moment for me to realise the next phase of Immaterial’s journey, from pure academic ideas to products that solve timely challenges such as climate change; the confidence of our new investors in the technology is a testament to the potential of monolithic materials and I am thrilled to be making an impact with a Cambridge, UK, developed technology.”

SLB’s Director of Ventures, Arindam Bhattacharya, adds, “We are encouraged by the progress made so far by the Immaterial team in proving out their proprietary technology platform for developing and designing monolithic metal-organic framework (m-MOF) based solutions for industrial applications.”