The relocation is driven by Mattiq’s rapid growth and plans to strategically expand the company with additional top science and engineering talent
CHICAGO – Jan. 25, 2024 – Mattiq, the clean chemistry company, today announced the signing of a new lease at the Fulton Labs campus at 400 N Aberdeen in the Fulton Market neighborhood of downtown Chicago. The company will occupy 17,377 square feet, comprising half of a floor – more than doubling its current office space. Mattiq will move in September 2024.
Having doubled its employee headcount in the past year, Mattiq has quickly outgrown its current office at the Illinois Science & Technology Park in Skokie, Illinois. The new office space will accommodate Mattiq’s rapid growth and foster collaboration and resource-sharing with other deep science innovators in Fulton Labs, including the Chicagoland Climate Investment Alliance, the Chan-Zuckerburg BioHub, Portal Innovations, and the Illinois Institute of Technology.
“Mattiq has made tremendous strides in the past year, establishing ourselves as a key partner for chemical companies attempting to decarbonize their processes and end-products. Our new office in Fulton Labs will support our growing team and situate us amongst other world-leading deep science companies in the building,” said Jeff Erhardt, CEO of Mattiq. “Chicago has always been home to world-leading researchers and scientists, and we look forward to leveraging the area’s deep talent to further our important mission to decarbonize the chemical building blocks of our world.”
As the first climate tech company at Fulton Labs, Mattiq will establish a significant presence in one of the most sought-after cities for post-graduates and young professionals. The new location will help Mattiq reach its goal of doubling its headcount again this year by attracting top talent from world-leading universities and institutions in the area. Mattiq also aims to spur the reindustrialization of the Midwest and help onshore manufacturing jobs by accelerating clean chemicals production in the United States.
Fulton Labs was developed by Trammell Crow Company (TCC), a global commercial real estate developer. The addition of Mattiq to the two-building Fulton Labs campus, which was completed in 2022, builds on TCC’s momentum after having already signed deals for over 120,000 square feet of space on the campus in 2023 alone. Max Zwolan and Scott Brandwein of JLL, a global commercial real estate and investment management company, represented Mattiq in the leasing process; TCC was represented by Dan Lyne of CBRE. This signing further supports the efforts in growing Chicago’s startup ecosystem.
This announcement follows Mattiq’s $15 million seed funding round, publicized in early 2023, and the reception of five grants from the federal government to support its product development. It also comes after the company generated a portfolio of novel, highly durable alternatives to iridium, a rare and costly element that is critical to PEM electrolyzers for green hydrogen production. Mattiq is currently in discussions with several industrial partners to commercialize and bring these iridium alternatives to market.
Mattiq is building the world’s most technologically advanced clean chemistry company. Reinventing electrochemical process development, Mattiq leverages materials science and artificial intelligence to accelerate the design and deployment of commercially viable, sustainable processes to produce the chemicals, fuels, and plastics that power our world. We deliver chemical and energy companies safe, scalable, and cost-effective solutions that support a cleaner planet and supply chain resilience. Learn more at www.mattiq.com.