Boston Metal Closes $262M Series C Funding Round to Decarbonize Steelmaking and Disrupt the Metals Industry
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Wednesday, September 6, 2023
Environment, Steel, Finance, Professional Services, Manufacturing, Sustainability, Green Technology, Mining, Minerals, Natural Resources, Metal, M&G, Breakthrough Energy, Investment, Jens Ulltveit-Moe, Electricity, ArcelorMittal, Microsoft, World Bank, Carbon, Chevrolet Series C Classic Six, MOE, Venture round, Alloy, CO2, Catalysis, Renewable energy, Saudi Aramco
Boston Metal, a global metals technology solutions company, today announced the close of its Series C fundraising, bringing the series total to $262 million.
Key Points:
- Boston Metal, a global metals technology solutions company, today announced the close of its Series C fundraising, bringing the series total to $262 million.
- Existing investor Breakthrough Energy Ventures also joined the round, and several others made additional investments in the Series C, including Microsoft’s Climate Innovation Fund, BHP Ventures and Prelude Ventures.
- “Boston Metal is working to decarbonize the steelmaking and metals industries,” said Thierry Masson, head of Catalyst – Americas at M&G Investments.
- “Boston Metal’s MOE technology paired with an experienced leadership team provides a major opportunity to reduce emissions in hard-to-abate industries worldwide.