Cambridge, UK – 22nd October, 2025 – Immaterial Ltd, a Cambridge, UK-based advanced materials and engineering solutions company developing a proprietary technology platform suited towards a diverse range of industrial applications, has announced today the successful closure of its Series A2 funding round successfully raising £13.5M GBP / $18.2 M USD. The investment round was led by SLB with participation from other existing investors including AP Ventures, Moeve and long-term investor and Chairman of Immaterial Ltd, Jogchum Brinksma, as well as new investor Finindus (ArcelorMittal-Flemish Government).
‘‘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 decarbonization system pilots with our partners and customers’’, stated Mohammed Khan, CEO of Immaterial.
Immaterial is a Cambridge, UK based company which innovates further on the recent Nobel Prize winning chemistry recognition for metal organic frameworks (MOFs). The company has a proprietary technology platform to apply monolithic metal-organic frameworks (m MOFs) with engineering design solutions for multiple industrial sectors. Immaterial is aiming to reduce the financial cost of industrial decarbonization by bringing to market bespoke advanced materials which are optimized to a specific use case, manufactured at scale through proprietary methods, and combined with novel process engineering innovation. These systems have the potential to reduce the footprint, capex and opex of industrial decarbonization process systems across multiple applications, making these solutions economic within the existing incentive mechanisms.
The Immaterial proprietary technology platform can be applied to existing metal–organic framework (MOFs) compositions to deliver an augmented volumetric effluent effect as a result of the monolithic form. Demonstrated pilot use cases include among others point source-carbon capture, intermittent hydrogen storage, water harvesting and HVAC energy reduction solutions.
The capital raised will accelerate the company’s commercialisation plans through pilot projects that demonstrate the impact of the technology platform with partners and customers in Europe and the U.S., while building on the momentum from the successful pilot project already concluded in Europe.
Immaterial is the only company in the world that can produce MOFs in monolith form: macroscopic, ultra-dense crystals of MOFs that are thermally and chemically stable and preserve their ultra-high storage performance. Immaterial has developed their own proprietary materials with ‘Wet-AI’ combining digital discovery and design of new materials with green chemistry synthesis and optimisation of materials for industrial readiness. The company has expanded its machine learning capability to ensure engineered solutions are optimised to highly attractive economic solution delivery, unlocking significant value for customers. Immaterial is commissioning its multi-tonne manufacturing facility in Cambridge to supply and enable roll out of its pilots to collaborating customer sites.
‘‘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’’, mentioned Professor David Fairen-Jimenez, Chief Scientific Officer and Founder of Immaterial.
“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”, said SLB’s Director of Ventures Arindam Bhattacharya.
Notes
Immaterial Ltd is located at 25 Cambridge Science Park, Milton Road, Cambridge UK. CB4 0FW
New investor: Finindus NV
Pres. J.F. Kennedylaan 3
9060 Zelzate
Belgium
(contact@finindus.be)
Investment partners
SLB (NYSE: SLB)
AP Ventures Fund II GP LLP
Energy Transition Ventures S.L.U. (subsidiary of Moeve)
Finindus NV