Deeptech/Up and coming

MatNex

Uses AI and quantum-mechanics simulation to design new materials, starting with magnets free of rare earths.

Why it's here

Raised a £2M seed led by Ada Ventures with HTGF in July 2023; awarded a UKAEA contract (project SHINE) in February 2026 and partnered with Viridien for compute in February 2025.

source: matnex.ai

Focus: Materials discovery
Founded: 2020
Total raised: £2Msource: htgf.de
Latest round: Seed, £2M, Jul 2023
Staff (Companies House accounts): 27, average over the period to 31 Dec 2025source: find-and-update.company-information.service.gov.uk
London office: Epworth House, 25 City Road, London, Islington EC1Y 1AAsource: htgf.de
London presence: HQsource: siliconcanals.com
Investors: Ada Ventures (lead), Carbon13, ET Capital, G-force, Genuine Capital Ventures, High-Tech Gründerfonds, Katapult, MD One Venturessource: htgf.de
Area: Shoreditch & Old Street
Nearest station: Old Street, 337 m
Companies House: MATERIALS NEXUS LIMITED (13057449, active)Incorporated 2 Dec 2020 · SIC 72190
Visas: Licensed visa sponsor, listed as Materials Nexus Limitedsource: gov.uk

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