Immaterial Raises £13.5 Million Series A2 to Scale Industrial Decarbonisation Technology with Monolithic MOFs
Immaterial, the Cambridge, UK‑based advanced materials and industrial decarbonisation company, has announced the successful closure of its Series A2 funding round, raising £13.5 million (about €15.4 million / $18.2 million) to accelerate the commercial rollout of its breakthrough technology built on monolithic metal‑organic frameworks (m‑MOFs). This latest investment builds on the company’s mission to develop scalable, cost‑effective solutions for carbon capture, hydrogen storage, water harvesting, and energy‑efficient systems across hard‑to‑abate industrial sectors.
The Series A2 round was led by SLB, the global energy technology provider formerly known as Schlumberger, which has increasingly pivoted toward energy transition technologies and industrial decarbonisation. SLB’s backing signals not only financial support but also strategic validation from a major player with an extensive global footprint in energy infrastructure and industrial operations. Alongside SLB, existing investors including AP Ventures and Moeve continued their commitment, while Jogchum Brinksma, long‑term investor and Chairman of Immaterial, also participated in the financing. The round welcomed Finindus, a joint venture backed by ArcelorMittal and the Flemish Government, as a new investor bringing deep expertise in the global steel sector—an industry pivotal to decarbonisation efforts.
Immaterial was founded in 2015 as a spin‑out from the University of Cambridge and has developed a distinctive technology platform that fabricates monolithic metal‑organic frameworks (m‑MOFs)—advanced materials that combine the high surface area and gas‑adsorption capabilities of traditional MOFs with enhanced durability, density, and thermal stability suited for industrial use. Unlike conventional powder‑based MOFs that struggle with handling and structural integrity, Immaterial’s monoliths retain high performance while offering robustness critical for real‑world applications. The company has also integrated machine learning and digital materials design through its “Wet‑AI” platform to rapidly iterate and optimise material formulations for targeted industrial challenges.
The fresh capital will be utilised to accelerate commercialisation through pilot deployment projects in Europe and the United States, expanding partnerships with industrial customers to demonstrate real‑world impact across sectors such as manufacturing, energy, steel production, and chemical processing. A key focus of the funding is to commission a multi‑tonne manufacturing facility in Cambridge, which will supply engineered m‑MOFs for these pilot installations and scale the company’s ability to meet industrial demand. By establishing this manufacturing capability, Immaterial aims to transition its technology from lab‑scale innovation to large‑scale industrial adoption—a critical step toward meaningful contributions to industrial net‑zero goals.
CEO Mohammed Khan emphasised that the continued confidence from existing investors, coupled with the arrival of Finindus, reflects broader belief in the company’s technology and commercial strategy. The involvement of industry partners with deep sector expertise is expected to support Immaterial as it rolls out Generation 2 decarbonisation system pilots with collaborators and customers across multiple regions. The company’s proprietary solutions are designed to reduce not only the environmental footprint of industrial processes but also the capital (CAPEX) and operational (OPEX) costs traditionally associated with decarbonisation systems—a combination that can make climate mitigation economically viable for more industrial players.
Immaterial’s monolithic MOFs also target key practical applications beyond carbon capture, including intermittent hydrogen storage—a crucial component of transitioning to a hydrogen‑based energy economy—and water harvesting and HVAC energy reduction, which have implications for energy efficiency across industrial and commercial facilities. As global regulatory frameworks tighten and industrial decarbonisation becomes increasingly urgent, Immaterial’s technology stands positioned to offer versatile solutions that can be deployed across diverse operating environments.
The company first gained significant investor traction in its Series A funding round in 2023, also led by SLB with participation from a broad group of strategic energy and technology investors, laying the groundwork for its initial scale‑up and demonstration efforts. That round included contributions from Cepsa, Chevron Technology Ventures, Energy Revolution Ventures, JERA Co., Inc., TRIREC, and Ultratech Capital Partners, highlighting early confidence in Immaterial’s patented m‑MOF approach and its potential impact on carbon capture and hydrogen storage technologies.
With the additional funding from the Series A2 round, Immaterial is poised to extend its reach, deepen its technological development, and help industrial customers unlock new pathways to reduce greenhouse gas emissions, optimise energy usage, and accelerate the transition to cleaner industrial processes. The infusion of capital and strategic partnerships reflects continued investor interest in deep‑tech climate solutions that address real operational challenges at scale, further underscoring the rising role of materials innovation in global decarbonisation efforts.
