Led · Series A · Apr 2025

Adaptavate develops and industrialises low-carbon and carbon-negative construction materials, notably Breathaboard, a plasterboard alternative that can reduce up to 4kg of CO₂ per m². The company operates a pioneering pilot line for Breathaboard production and is preparing for industrial scale-up through its Project Crystal demonstrator facility. Project Crystal is intended to accelerate global adoption and includes a strategic partnership with SigmaRoc to create a resilient supply chain for calcium carbonate-based wallboards. Breathaboard meets international wallboard standards and is being trialled on major UK commercial sites with partners including British Land, Royal London Asset Management Property, and Overbury. Adaptavate has previously secured nearly £9 million through investment and public grants, and will use the new funding to advance Project Crystal and scale manufacturing. The company positions its technology as enabling circular, healthier building materials and supporting decarbonisation of the construction sector.

Participated · Series A · Jun 2023

Material Evolution has created a low-energy cement made using an alkali-fusion process that produces material at ambient temperatures from industrial wastes and feedstocks, avoiding kiln heat. The company says its product has an 85% lower carbon footprint than conventional Portland cement. Its material is already being used in industry through a strategic partnership with materials company SigmaRoc. Material Evolution is incorporated in the U.S. but operates substantively out of the U.K., where its founders and a team of 20 are based and all product development takes place. The startup was founded in 2017 and is focused on scaling production of its low-carbon cement to address cement’s large share of global CO2 emissions. Founded in 2017 by Elizabeth Gilligan, Ph.D., Material Evolution uses patented geopolymer technology and proprietary algorithms to produce high‑consistency construction materials. The company is developing a geopolymer product made of roughly 95% industrial waste that it says is stronger and more durable than conventional alternatives. Material Evolution claims its material reduces the carbon consumption of concrete by 85% compared with Ordinary Portland Cement. It employs AI and machine learning to guarantee 100% batch-to-batch consistency. The recent funding will be used to build a world‑leading material science team, expand future projects, and scale batch production. Prior to this raise the startup had operated on a $120,000 pre‑seed investment.