MITO Material Solutions
AcquiredTechstars '19Stillwater, 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.

Board

Investors · 14
How we know: Citrine Angels's portfolio page · Not right? Tell us
How we know: Cortado Ventures's portfolio page · compositesworld.com · the VCSheet dataset · Not right? Tell us
How we know: Dipalo Ventures's portfolio page · funding news · compositesworld.com · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: compositesworld.com · the VCSheet dataset · Not right? Tell us
How we know: Evergreen Climate Innovations's portfolio page · a partner's Signal profile · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: HG Ventures's portfolio page · compositesworld.com · open dataset · 5k.vc investor directory · Not right? Tell us
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
Funding
SEC filings, press & company announcements$6.8M disclosed across 2 of 5 rounds · 2019–2024
- Undisclosed amountSeries SeedSep 2020 · 2 sources
Clean Energy Trust (lead), Dipalo Ventures (lead), CavAngels, Cortado Ventures, Elevate Ventures, HG Ventures, VisionTech Angels
Source ↗ - Undisclosed amountSeries Seed RoundAug 2020Source ↗
▶$2.5MraisedJul 2024 · 34 investors · OtherRule 506(b)
- 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
▶$4.3MraisedFeb 2022 · 12 investors · OtherRule 506(b)
- 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
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Sep 2026MITO 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 reportedCompany-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| Agency | Phase | Year | Amount |
|---|---|---|---|
| National Science Foundation | Phase II | 2019 | $1.4M |
| National Science Foundation | Phase I | 2018 | $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 filingsMito signed distributors TRiiSO and Eumate International to expand its E-GO graphene additive into new applications.
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.
Partnership with carbon fiber sustainability company Vartega produced a custom graphene-enhanced recycled carbon fiber solution and a new product to market.
Verification encompassed proof of scale for three to five metric tons annually of Mito's functionalized graphene material, E-GO.
The graphene additive developer opened a new facility in Indianapolis including in-house R&D and testing space.
Chemically inert aqueous graphene solution that can be dispersed through coatings, emulsions and sizing chemistries, highlighted through Vartega FenixFiber+.
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.
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.
Mito listed its polymer additive products on the Knowde digital marketing and sales platform.
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.
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.
MITO moved its lab and office space to a shared office and lab facility in Indianapolis, Indiana.
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 ↗
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 ↗
MITO took part in the Heritage Group Hardtech Accelerator powered by Techstars in late 2019.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
Legal entities · 1
corporate structureIn the news
▸Research sources · 8
primary sources listed
- MITO Material Solutionsmitomaterials.com · web
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.









