Materials Nexus secures £2.1m led by Ada Ventures to advance sustainable materials technology
The funding round was led by Ada Ventures and will support real-world trials of the company's materials discovery platform.
Materials Nexus develops artificial intelligence and quantum mechanics software to accelerate the discovery of sustainable materials. The firm partners with organisations to create high-performance alternatives for green technologies.
London-based deep tech company Materials Nexus has secured £2.1m in an investment round led by Ada Ventures. Additional backing came from High-Tech Gründerfonds, The University of Cambridge, MD One Ventures, Michael Eisenberg at Genuine Capital Ventures, and angel investors Jasmin Thomas, Andrew MacKay, and Hugh Smith.
The firm plans to deploy the fresh capital to undertake real-world projects that showcase the effectiveness of its proprietary technology, focusing on alternative materials for batteries, semiconductors, and superconductors. By replacing slow experimental methods with automated prediction, the company aims to reduce research costs and accelerate the transition towards net-zero infrastructure.
Use of funds
- 01Fund the next phase of growth
Investors
Ada Ventures
High-Tech Gründerfonds
The University of Cambridge
MD One Ventures
Genuine Capital Ventures
Jasmin Thomas
Andrew MacKay
Hugh Smith
Categories
About the company
Materials Nexus
Materials Nexus accelerates the discovery of sustainable materials using artificial intelligence and quantum mechanics.