# Material Index funding: rounds and investors

> Material Index has raised $1.8M across 2 rounds since 2024. Every round with its source.

Source: https://millionrounds.com/company/material-index (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Pre-seed startup](https://millionrounds.com/companies)

# Who invested in *Material Index*

2 rounds we have observed, with the 0 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Construction

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Funding summary Updated 31 Oct 2026

**$1.8M** raised across 2 rounds since 2024, from 2 sources

**$1.2M** Pre-seed **$646K** Round

- **Latest round:** Round, $646K Oct 2025
- **Biggest round:** $1.2M Pre-seed · Nov 2024
- **Investors:** 0

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2025

**$1.2M** Pre-seed

**$646K** Round

- **First round:** Pre-seed, $1.2M
- **Biggest round:** $1.2M
- **Between rounds:** 11 months

## The rounds

- **Oct 2025** Round **$646K** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet
- **Nov 2024** Pre-seed **$1.2M** No investor was named in the report. Source recorded

## Funding filed with regulators

Material Index filed 2 raises, $776K in all. Filings say how much was sold and to how many investors; they never name the investors.

- Oct 2025 **$646K** UK share allotment
- Nov 2024 **$130K** UK share allotment

## Founders and team

From Material Index's own website: 10 on the team.

- **Morgan Lewis** Director, CEO (BA Arch.) (Cantab)
- **Stuart Bourhill** Head of Engineering BSc (CompSci)
- **Enabling Material** Your collaborative partner for the Circular Economy.
- **Eshe Lane** Project Manager (BA)
- **Felix McCabe** Project Lead - Audits (MArch.)
- **Hanah Humphrey** Audit Co-Lead (MArch.)
- **Oliver Lawson** Material Exchange Lead (BSc)
- **Olivia Daw** Product Lead (MArch.)
- **Samiur Rahman** Software Engineer (BSc)
- **Venetia Flint** Circular Procurement Lead (BSc Hons)

## Also claim to have backed them

These 2 firms list Material Index as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[SyndicateRoom](https://millionrounds.com/fund/syndicateroom) VC firm Per its own site

[Clearance Venture Partners](https://millionrounds.com/fund/clearance-venture-partners) Corporate VC Per its own site

## Quick answers about Material Index

### How much has Material Index raised?

Material Index has raised $1.8M across 2 rounds since 2024.

### When did Material Index last raise?

Material Index's most recent round, $646K, was in Oct 2025.

### What was Material Index's biggest round?

Material Index's largest round on record is $1.2M (Pre-seed), in Nov 2024.

### What stage is Material Index at?

Material Index's latest named round is a Pre-seed, in Nov 2024.

### Where is Material Index based?

Material Index is based in the United Kingdom.

## Companies like Material Index

In the same sector, and raised in the last eighteen months.

[**Concretene** $9.9M · Oct 2026](https://millionrounds.com/company/concretene)[**Marrow** $2.0M · Oct 2026](https://millionrounds.com/company/marrow)[**Adaptavate** $15M · Oct 2026](https://millionrounds.com/company/adaptavate)[**Populo Living Group** $40M · Sept 2026](https://millionrounds.com/company/populo-living-group)[**Penelope Health** $100M · Sept 2026](https://millionrounds.com/company/penelope-health)[**Callosum** $110M · Aug 2026](https://millionrounds.com/company/callosum)

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