Green Steel
Boston Metal
Boston Metal raises $262M Series C at $1B valuation
96 Morton Street, Boston, MA 02130June 7, 20241 min read
Total Raised
$262M
Valuation
$1B
Latest Round
Series C
Employees
150+
Boston Metal: Series C Funding Round
Boston Metal has successfully raised $262M in Series C funding, reaching a valuation of $1B.
Company Overview
Steel production via electrolysis
Funding Details
The Series C round was led by BHP Ventures, with participation from Microsoft Climate Innovation Fund, Breakthrough Energy Ventures, Baillie Gifford.
Company Information
- Headquarters: 96 Morton Street, Boston, MA 02130
- Founded: 2012
- Employees: 150+
- Category: Green Steel
Investment
Boston Metal plans to use the funds to accelerate product development, expand its team, and scale operations globally.
About the Investors
- BHP Ventures: Verified investor in Series C
- Microsoft Climate Innovation Fund: Verified investor in Series C
- Breakthrough Energy Ventures: Verified investor in Series C
- Baillie Gifford: Verified investor in Series C
Company Info
Headquarters
96 Morton Street, Boston, MA 02130
Founded
2012
Team Size
150+
Last Round
$262M(Jun 2024)
Investors (4)
B
BHP VenturesLeadLead Investor
Verified investor in Series C
M
Microsoft Climate Innovation FundInvestor
Verified investor in Series C
B
Breakthrough Energy VenturesInvestor
Verified investor in Series C
B
Baillie GiffordInvestor
Verified investor in Series C
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