Immaterial

University of Cambridge spin-out Immaterial recently completed an undisclosed Series A funding round – just days after winning the Cambridge Judge Business School’s Graduate Business of the Year prize in the Business Weekly Awards.

Cambridge Science Park-based Immaterial is focused on decarbonising the world and enabling the energy transition with its advanced materials and systems design for carbon capture from point source and efficient low-cost innovative hydrogen storage.

The investment 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.

This funding marks a crucial milestone for Immaterial by enabling the building of a manufacturing demonstration plant to supply large quantities of monolithic materials for customer-based demonstrators (carbon capture and hydrogen storage).

Professor David Fairen-Jimenez, Chief Scientific Officer and founder of Immaterial, said: “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.”

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