Matteco, a company focused on cutting-edge materials, has secured €15 million in Series A funding to drive its mission of decarbonizing the economy and making renewable hydrogen more competitive.

The round was backed by a diverse group of family offices, including Spain’s Grupo ASV, Chile’s Napali, and Spain’s Zubi. This fresh injection of capital will allow Matteco to ramp up production at its new facility in Paterna, Valencia, which is set to produce the equivalent of 1 gigawatt (GW) of electrodes per year.

Under the leadership of co-founder and CEO Iker Marcaide, Matteco is expanding its capacity to meet the rising global demand for its next-generation catalysts and electrodes. These materials are integral to alkaline and anion exchange membrane (AEM) electrolyzers, key technologies in green hydrogen production. Already, Matteco has customers across Europe, North America, and Asia, and this growth is expected to increase its workforce from 30 to 100 employees by 2025.

The new funding will also support ongoing innovation, helping Matteco stay at the forefront of clean technology. As the company scales up, it will continue to develop its proprietary materials, including a groundbreaking platinum-free catalyst that significantly enhances the efficiency of hydrogen production. According to co-founder and CTO Gonzalo Abellán, their technology can reduce both operational costs and initial investment, making green hydrogen a more viable competitor to fossil fuels.