/Companies

MITO Material Solutions

AcquiredTechstars '19

Stillwater, US · Founded 2019 · Delaware corporation · 4 employees on LinkedIn · 14 known investors

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MITO Material Solutions develops patented hybrid additive technology that enhances fiber-reinforced composites and thermoplastics by functionalizing materials like graphene oxide and biomaterials, serving the manufacturing industry. The platform improves strength, durability, flexibility, and sustainability without requiring changes to existing manufacturing processes.

Also known as Mito · MITO Materials · MITO® Material Solutions

Founders & leadership

MITO Material Solutions was founded in 2019 by Haley Marie Keith.

HMHaley Marie Keith
Haley Marie KeithCEO and Co-Founder2015–2026Haley Marie Keith is CEO and co-founder of MITO Material Solutions, a materials science company developing functionalized graphene and composite enhancement products. She studied at Oklahoma State University and has expertise in composite materials and technology commercialization.
KK
Kevin KeithNamed on SEC filing
SH
Steve HulmeNamed on SEC filing

Board

MG
Mahdi GhazizadehBoard director
RJ
Richard J. Diemer, Jr.Board director
JN
Joel NealeBoard director
LHLaurence Hayward
Laurence HaywardBoard directorVenture Advisor at Dipalo Ventures
MG
Mighuel GalvezBoard director

Investors · 14

Techstarslisted by TechstarsBoulder · $220K

How we know: the Techstars portfolio · open dataset · Top 3000 Accelerator Startups (no YC) 2026-08 · open dataset · 5k.vc investor directory · Not right? Tell us

Also in the syndicate · 4

CavAngelsClean Energy TrustleadIngevity CorporationVisionTech Angels

Funding

SEC filings, press & company announcements

$6.8M disclosed across 2 of 5 rounds · 2019–2024

▶$2.5MraisedJul 2024 · 34 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Mighuel GalvezDirector
  • Mahdi GhazizadehDirector
  • Richard J. Diemer, Jr.Director
  • Haley Marie KeithExecutive Officer, Director
  • Joel NealeDirector
Offering amount
$3M
Amount sold
$2.5M
First sale
Jan 2024
Incorporated
Corporation, Delaware, 2019
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$4.3MraisedFeb 2022 · 12 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Laurence HaywardDirector
  • Haley Marie KeithExecutive Officer, Director
  • Kevin KeithDirector
  • Richard J. Diemer, Jr.Director
  • Steve HulmeDirector
Offering amount
$4.8M
Amount sold
$4.3M
First sale
Jan 2022
Incorporated
Corporation, Delaware, 2019
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Sep 2026

MITO Material Solutions is a specialty chemical company that produces hybrid polymer modifiers for fiber-reinforced composites and thermoplastics. Its patented platform chemistry functionalizes graphene and other scaffolds — including starch, cellulose and lignin — with POSS, giving the materials chemical functionality and making them dispersible in polymers with minimal equipment (the company states a drill and paint mixer suffice). The company describes itself as a graphene functionalizer rather than a graphene producer.

The product family includes E-GO (functionalized graphene oxide), LIGRA (a chemically inert aqueous liquefied graphene solution that can be dispersed through coatings, emulsions and sizing chemistries), ACRE (a cornstarch-based additive), and ready-to-pour, graphene-enhanced resin options such as E-GO Res-1 and Tri-Hdnr-1 developed with Forest Technical Coatings. The additives are designed to work at very low loadings — the company cites performance enhancement at roughly 0.1% concentration and a 20x reduction in required loading — and to integrate into existing production lines without process changes. Reported mechanical performance increases reach up to 135% over baseline for fiber-reinforced composites.

MITO supplies markets including sports and recreation, transportation, automotive, infrastructure, aerospace, marine, armor and composite battery enclosures, and has pursued energy-storage applications such as multifunctional adhesives and EV battery components."]

Founding story

MITO was founded by married co-founders Haley Marie Keith and Kevin Keith, commercializing a toughening additive technology first developed in 2014 that had been shown in laboratory testing to improve toughness by up to 100% at about a 0.1% loading — results that drew interest from the aerospace, RV and automotive industries.

Business model

MITO sells specialty additives and ready-to-pour additive-enhanced resin systems to polymer and composite manufacturers, positioning its products as drop-in materials requiring no change to customers' existing manufacturing processes. Distribution is extended through third-party distributors and a digital storefront.

Revenue is generated from sales of additive products (E-GO, LIGRA, ACRE) and ready-to-pour graphene-enhanced resin systems to manufacturers, supplemented historically by non-dilutive R&D grant funding.

Traction

Products have been adopted in commercial goods including St. Croix Fly's Evos, Evos Salt and Technica carbon fiber fly rods and Folsom Custom Skis' carbon fiber touring skis. MITO received Graphene Council verification covering proof of scale for three to five metric tons annually of E-GO, opened a new Indianapolis facility with in-house R&D and testing space, signed distributors TRiiSO and Eumate International, launched a Knowde storefront, and partnered with Vartega on a graphene-enhanced recycled carbon fiber product (FenixFiber+). It also announced initiatives applying graphene to EV energy storage and multifunctional adhesives, and co-led ISO standardization work for graphene with Cardea Bio.

Latest developments

Australian company FGR is acquiring Mito, taking on all of its commercially proven assets, intellectual property, graphene-focused product lines and manufacturing capabilities to accelerate U.S. expansion and exposure to industrial, aerospace and defense markets. Other recent activity includes extension of its verified functionalized graphene into St. Croix Fly's Technica rod series, presentation of E-GO graphene oxide additives at CAMX 2024, and two initiatives applying graphene to energy-storage applications including EV batteries and multifunctional adhesives.

▸Full profile — market position, technology, go-to-market, geography, history

Market position

MITO positions itself as the first and only process able to functionalize graphene and biomaterials into readily dispersible hybrid additives, and states it holds the only Verified Functionalized graphene on the market following Graphene Council verification. It is covered as a supplier in the composites trade press and has been active in graphene standardization work.

Differentiation rests on functionalization chemistry that makes graphene easy to disperse and handle at very low loadings without altering customers' manufacturing processes, third-party verification of functionalized graphene by The Graphene Council, and an additive portfolio extending beyond graphene to bio-based scaffolds such as cornstarch.

Technology

A patented chemistry platform functionalizes graphene and biomaterials (graphene oxide, starch, cellulose, lignin) using POSS, producing hybrid additives with increased dispersibility and reduced required loading. The company reports lab-verified improvements in strength, durability, flexibility and sustainability in fiber-reinforced composites and thermoplastics, with gains of up to 135% over baseline and effectiveness at about 0.1% concentration. Products include E-GO functionalized graphene oxide, LIGRA aqueous liquefied graphene, cornstarch-based ACRE, and pre-dispersed resin systems (E-GO Res-1, Tri-Hdnr-1).

Go-to-market

The company sells directly to composite and polymer manufacturers and has expanded reach via distribution agreements with TRiiSO and Eumate International, a digital storefront on the Knowde marketing and sales platform, and trade-show presence including JEC World 2023 (Startup Hub) and CAMX 2024. It also works through co-development partnerships with materials companies and brand customers.

Manufacturers of fiber-reinforced composites and thermoplastics across sports and recreation, transportation, automotive, infrastructure, aerospace and aircraft interiors, marine, armor, and EV/energy-storage applications.

Geography

Originally based in Stillwater, Oklahoma, the company relocated its lab and office space to Indianapolis, Indiana (8902 Vincennes Circle), where it opened a new facility. It was also a member (now alumni) of Greentown Labs in Boston. Distribution agreements extend product reach internationally, and the acquiring company, FGR, is Australian.

History

The underlying technology was developed around 2014 with testing continuing through 2016 before scale-up. The company participated in the Heritage Group Hardtech Accelerator powered by Techstars in late 2019 and received more than $1.1 million in R&D grants from the National Science Foundation, plus grant funding from NASA, VentureWell and Oklahoma State University, and roughly $71,000 in business plan competition winnings. It closed a $1 million Series Seed round in August 2020 and a $4.6 million seed extension in January 2022, after which it relocated from Stillwater to Indianapolis and later opened a dedicated facility there. Subsequent years brought product-line expansion (LIGRA, ACRE, ready-to-pour resins), Graphene Council verification, distribution agreements and adoption in sporting goods. The company's assets, IP, graphene product lines and manufacturing capabilities were subsequently acquired by Australian firm FGR.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Additive loading concentrationAug 20200.1%
Angel investment raised to dateJan 2019$440K
Business plan competition winningsJan 2019$71K
Composite toughness improvement in lab testingJan 2019100%
Grant funding awarded (NASA, NSF, VentureWell, Oklahoma State University)Jan 2019$400K
NSF R&D grants receivedAug 2020$1.1M
Performance improvement in fiber-reinforced composites vs. baselineAug 2020135%
Reduction in chance of mechanical failureJan 201980%
Reduction in required additive loadingJan 202420x lower loading required
Verified production scale of E-GO functionalized grapheneJan 20243-5 metric tons annually

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Related companies · 2

Companies working in the same space as MITO Material Solutions.

Non-dilutive funding · 2 SBIR/STTR awards

Federal grants — no equity taken
AgencyPhaseYearAmount
National Science FoundationPhase II2019$1.4M
National Science FoundationPhase I2018$225K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

Timeline · 15

launches, deals, and filings
Feb 2026
Distribution agreements with TRiiSO and Eumate International

Mito signed distributors TRiiSO and Eumate International to expand its E-GO graphene additive into new applications.

source ↗

Jan 2026
FGR acquires Mito

Australian company FGR acquired Mito, taking on all of Mito's commercially proven assets, IP, graphene-focused product lines and manufacturing capabilities to accelerate U.S. expansion and defense sector exposure.

source ↗

Feb 2024
MITO and Vartega create graphene-enhanced carbon fiber composite

Partnership with carbon fiber sustainability company Vartega produced a custom graphene-enhanced recycled carbon fiber solution and a new product to market.

source ↗

Jan 2024
Graphene Council awards verified graphene functionality

Verification encompassed proof of scale for three to five metric tons annually of Mito's functionalized graphene material, E-GO.

source ↗

Jan 2024
Mito opens new Indianapolis facility

The graphene additive developer opened a new facility in Indianapolis including in-house R&D and testing space.

source ↗

Jan 2024
LIGRA liquefied graphene added to product line

Chemically inert aqueous graphene solution that can be dispersed through coatings, emulsions and sizing chemistries, highlighted through Vartega FenixFiber+.

source ↗

Jan 2024
St. Croix Fly extends Mito graphene to Technica fly rod series

Verified functionalized graphene extended to St. Croix Fly's Technica carbon fiber fly rods, following use in the Evos and Evos Salt premium fly rods.

source ↗

Jan 2023
ISO standardization effort for graphene with Cardea Bio

Mito and Cardea Bio led a unified draft technical specification bringing together industry, academia and government to develop a classification framework for graphene-related 2D materials.

source ↗

Jan 2023
Digital storefront opened on Knowde

Mito listed its polymer additive products on the Knowde digital marketing and sales platform.

source ↗

Jan 2023
Ready-to-pour in-resin graphene additives with Forest Technical Coatings

Mito collaborated with Forest Technical Coatings to develop two ready-to-pour hybrid additive options, Mito E-Go Res-1 and Mito Tri-Hdnr-1.

source ↗

Mar 2022
Steve Hulme of Ingevity joins board of directors

Steve Hulme, senior vice president of Performance Chemicals and president of Engineered Polymers at Ingevity, joined MITO's board of directors in connection with the seed extension.

source ↗

Jan 2022
Relocation of lab and office space to Indianapolis

MITO moved its lab and office space to a shared office and lab facility in Indianapolis, Indiana.

source ↗

Jan 2022
$4.6 million seed extension closes

Seed extension from existing and new investors including specialty chemicals provider Ingevity Corp., to expand Indianapolis operations and add new lab space for product and composite material technology development. Announced publicly in March 2022.

$4.6M source ↗

Aug 2020
MITO closes oversubscribed $1M Series Seed round

Oversubscribed $1 million Series Seed led by Chicago-based Dipalo Ventures and Clean Energy Trust, with CavAngels, HG Ventures, Elevate Ventures, VisionTech Angels and Cortado Ventures participating. Dipalo Ventures took a board seat.

$1M source ↗

Jan 2019
Participation in Heritage Group Hardtech Accelerator powered by Techstars

MITO took part in the Heritage Group Hardtech Accelerator powered by Techstars in late 2019.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
MITO Material SolutionsDelaware

In the news

▸Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does MITO Material Solutions do?
Specialty chemical company making functionalized graphene and biomaterial hybrid additives for composites and thermoplastics.
Who founded MITO Material Solutions?
MITO Material Solutions was founded by Haley Marie Keith in 2019.
Who are MITO Material Solutions's investors?
MITO Material Solutions's investors include Citrine Angels, Cortado Ventures, Dipalo Ventures, E8 Angels, Elevate Ventures, Evergreen Climate Innovations, HG Ventures, Houston Angel Network and 2 more.
How much funding has MITO Material Solutions raised?
MITO Material Solutions has disclosed $6.8M raised across 2 of its 5 known rounds.
Where is MITO Material Solutions headquartered?
MITO Material Solutions is headquartered in Stillwater, US.