Immaterial, a Cambridge, UK-based cleantech company, raised an undisclosed amount in Series A funding.
The round was led by SLB, with participation from AP Ventures, Cepsa, Chevron Technology Ventures, Energy Revolution Ventures, JERA Co., TRIREC and Ultratech Capital Partners, and existing investors including long-term investor and Chairman of Immaterial Ltd, Jogchum Brinksma.
The company intends to use the funds to accelerate the progression of its solution design and materials supply capabilities.
A Cambridge University spinout led by Mohammed Khan, CEO, and Professor David Fairen-Jimenez, Chief Scientific Officer and Founder, Immaterial provides industrial customers with advanced materials and systems design for carbon capture from point source and low-cost innovative hydrogen storage. Its monolithic metal-organic frameworks (m-MOFs) are customisable porous materials that can selectively adsorb and release any target gas in the smallest footprint. m-MOFs are part of a broader family of materials called metal-organic frameworks (MOFs). Immaterial can produce MOFs as monoliths: macroscopic, ultra-dense crystals of MOFs that are thermally and chemically stable and preserve their ultra-high storage performance.
FinSMEs
21/09/2023