Cambridge’s Immaterial Raises €15.4M Funding

The round was led by SLB and included participation from existing investors AP Ventures, Moeve, and long-term investor and Chairman Jogchum Brinksma, along with 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,” said Mohammed Khan, CEO of Immaterial.

Immaterial Ltd’s Series A2 round reflects a growing 2025 European trend of investing in DeepTech innovations that support industrial decarbonisation.

In the same context, Spain-based H2SITE raised €36 million to expand its hydrogen membrane and reactor technology for ammonia cracking and maritime applications showing strong investor interest in material-driven process engineering.

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Although few European startups are focused on metal–organic frameworks or advanced material platforms Immaterial’s funding demonstrates continued confidence in hardware-intensive climate technologies that combine novel chemistry with scalable manufacturing.

The company’s work in carbon capture, hydrogen storage, and HVAC energy reduction aligns closely with Europe’s strategic push for practical decarbonisation infrastructure.

“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’’, added Khan.

Founded in 2015, Immaterial builds on Nobel Prize–recognized chemistry for metal–organic frameworks (MOFs). The company’s proprietary platform applies monolithic MOFs (m-MOFs) with engineered solutions across multiple industrial sectors.

Immaterial aims to lower the cost of industrial decarbonisation by creating bespoke advanced materials optimized for specific use cases, manufactured at scale, and paired with innovative process engineering. These systems can reduce footprint, CAPEX, and OPEX, making decarbonisation solutions economically viable within current incentive frameworks.

The platform enhances existing MOF compositions through monolithic design, improving volumetric efficiency. Pilot applications include point-source carbon capture, intermittent hydrogen storage, water harvesting, and HVAC energy reduction.

‘‘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.

The capital raised will fast-track Immaterial’s commercialisation through pilot projects that showcase the impact of its technology with partners and customers in Europe and the U.S., building on the success of a previous European pilot.

Immaterial is the only company globally capable of producing MOFs in monolithic form macroscopic, ultra-dense crystals that are thermally and chemically stable while retaining ultra-high storage performance.

The company has developed proprietary materials using its ‘Wet-AI’ platform, which combines digital discovery and design with green chemistry synthesis to optimise materials for industrial applications.

To support this rollout, Immaterial is commissioning a multi-tonne manufacturing facility in Cambridge to supply pilot projects and partner sites.

“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.