Maxterial, a technology company focused on pioneering advancements in material science, including the commercialization of advanced coatings, announced the successful closure of its Series A funding round at nearly $8 million. This milestone emphasizes Maxterial’s rising influence in disruptive material science technologies and its commitment to reshaping traditional industry norms with dynamic and environmentally responsible solutions.
Headed by CEO Dr. Mehdi Kargar and Chief Technology Officer Dr. Amy Haghdoost, Maxterial innovated material science advancements for nearly a decade. And the company’s lean approach to reaching the product-growth fit stage has gained widespread acclaim, bringing in a range of customers and influential investors such as Peter Thiel’s Breakout Labs, Pierre Omidyar’s UP2398, and corporate innovation leaders like Saint-Gobain and Anglo American.
The Series A funding round was led by Helios Climate Ventures, with participation from global corporation QEMETICA (formerly Ciech) and the Mott Corporation, solidifies Maxterial’s position as a leader in climate-conscious innovation. And this capital enables Maxterial to accelerate its R&D efforts, including large-scale trials, expand its products, and scale operations in North America and Europe.
Maxterial replaces environmentally harmful and energy-inefficient processes utilizing Hexavalent Hard Chrome (H-Chrome) with a superior solution that is safe, environmentally friendly, and cost effective during a time when material science startups have struggled to attract investment. And the company breaks those cycles by delivering unique synergies that integrates the needs of investors, customers, supply chains, and industry experts with a product and service model that delivers exceptional performance, accelerates change and mitigates risk.
Maxterial gained significant initial traction. And ongoing trials in Europe and North America are attracting early adopters eager for cutting-edge solutions. By emphasizing sustainability, performance, and scalability, Maxterial can protect against wear, heat, and corrosion, reduce carbon footprint, and eliminate toxic materials like hexavalent chromium.
KEY QUOTES:
“We are thrilled to have secured nearly $11 million to date in equity financing, which reflects the confidence investors have in our vision, our unique go-to-market strategies, and the transformative potential of our technology. This scalable platform fits many markets in urgent need of dynamic, sustainable solutions. Series A funding enables us to drive transformational growth across multiple industries.”
“We set out to create a company that delivers exceptional technology and exceptional returns. As we accelerate our implementation, we want to share our insights and expertise with fellow entrepreneurs, industry leaders, and investors interested in driving positive change.”
– Dr. Mehdi Kargar, CEO of Maxterial
