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Boston Metal
company
About
Boston Metal is a provider of industrial-scale, metals production solutions
- 51 - 100
Details
- Last Funding Type
- Series B
- Last Funding Money Raised
- $50M
- Industries
- Building Material,CleanTech,Manufacturing
- Founded date
- Jan 1, 2012
- Number Of Employee
- 51 - 100
- Operating Status
- Active
Boston Metal is a provider of industrial-scale, metals production solutions utilizing its Molten Oxide Electrolysis (MOE) process. MOE provides the metals industry with a more efficient, lower cost, and greener solution for the production of a wide array of metals and alloys from a wide variety of feedstocks. Boston Metal was spun-out of MIT in 2012 with an investment from Ingo Wender and has since scaled the technology 1,000x and produced thousands of kilograms of metal. Boston Metal’s headquarters and industrial development center are located in Woburn, MA.
Funding Rounds
Number of Funding Rounds
Total Funding Amount
4
$70.74M
Boston Metal has raised a total of
$70.74M
in funding over 2 rounds. Their latest funding was raised on
Jan 7, 2021 from a Series B round.
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Jan 7, 2021 | Series B | $50M | 2 | — | — | Detail |
| Jan 10, 2019 | Series A | $20M | 1 | — | — | Detail |
| Sep 14, 2015 | Grant | $596.97K | 1 |
National Science Foundation
|
— | Detail |
| Nov 13, 2013 | Grant | $150K | 1 |
National Science Foundation
|
— | Detail |
Investors
Number of Lead Investors
Number of Investors
2
3
Boston Metal is funded by 3 investors.
National Science Foundation
and Vale
are the most recent investors.
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
National Science Foundation
|
Yes | Grant |
Vale
|
— | Series B |
Prelude Ventures
|
— | Series B |
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