Matteco, an advanced materials company, has closed a €15 million Series A investment round backed by a group of national and international family offices committed to impact investing, including Grupo ASV, Spain, Napali, Chile and Zubi, Spain.

The capital raised will be used for the imminent opening and ramp up of its next generation catalyst and electrode factory in Paterna, which will enable Matteco to produce the equivalent of 1 gigawatt (GW) of electrodes per year.

The company, led by Iker Marcaide as CEO and co-founder, will increase its production capacity to meet the growing demand by integrating its next generation catalysts and electrodes with alkaline and AEM electrolyzer manufacturers worldwide. Matteco already has customers in Europe, North America and Asia.