Boston Metal Overview

  • Year Founded
  • 2013

Year Founded

  • Status
  • Private

  • Employees
  • 300

Employees

  • Latest Deal Type
  • Series C2

  • Latest Deal Amount
  • $20M

  • Investors
  • 27

Boston Metal General Information

Description

Operator of a global metal technology company intended to commercialize molten oxide electrolysis for high-volume steel production. The company's technology utilizes an electrolytic cell to process raw iron ore and produce ferroalloys, a margin material used to produce certain grades of steel, enabling the metal industry to have an efficient, low-cost, and greener aid for the production of a wide variety of metals and alloys from a wide variety of feedstocks.

Contact Information

Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 6A Gill Street
  • Woburn, MA 01801
  • United States
+1 (781)
Primary Industry
Other Metals, Minerals and Mining
Other Industries
Industrial Supplies and Parts
Vertical(s)
CleanTech, Climate Tech
Corporate Office
  • 6A Gill Street
  • Woburn, MA 01801
  • United States
+1 (781)

Boston Metal Timeline

2022202320242025
Financing RoundCaptured Employee CountEstimated Employee Growth

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Boston Metal Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
14. Later Stage VC (Series C2) 30-Jan-2024 $20M Completed Generating Revenue
13. Later Stage VC (Series C) 06-Sep-2023 Completed Generating Revenue
12. Later Stage VC (Series B) 09-Feb-2021 Completed Generating Revenue
11. Accelerator/Incubator 16-Jun-2020 Completed Generating Revenue
10. Grant 31-Dec-2019 Completed Generating Revenue
9. Grant 31-Dec-2018 Completed Generating Revenue
8. Later Stage VC (Series A) 01-Dec-2018 Completed Generating Revenue
7. Grant 01-Aug-2018 Completed Generating Revenue
6. Grant 01-Jan-2018 $450K $6.77M Completed Generating Revenue
5. Grant 31-Dec-2017 $1.15M $6.77M Completed Generating Revenue
To view Boston Metal’s complete valuation and funding history, request access »

Boston Metal Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion Price % Owned
Series C
Series B
Series A 13,638,936 $0.001000 $1.86 $1.86 1x $1.86 14.29%
To view Boston Metal’s complete cap table history, request access »

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Opportunity Score

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Exit Type

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Boston Metal Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Operator of a global metal technology company intended to commercialize molten oxide electrolysis for high-volume steel
Other Metals, Minerals and Mining
Woburn, MA
300 As of 2024

Paris, France
 

Oslo, Norway
 
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Boston Metal Competitors (9)

One of Boston Metal’s 9 competitors is Aubert & Duval, a Private Equity-Backed company based in Paris, France.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Aubert & Duval Private Equity-Backed Paris, France
Blastr Green Steel Venture Capital-Backed Oslo, Norway
North American Stainless Formerly PE-Backed Ghent, KY
California Steel Industries Corporate Backed or Acquired Fontana, CA
Alliance Steel ( Distributors/Wholesale) Corporation Gary, IN
You’re viewing 5 of 9 competitors. Get the full list »

Boston Metal Patents

Boston Metal Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20240392457-A1 Molten oxide electrolysis methods and related systems Pending 25-May-2023
EP-3679178-A1 Systems and methods for molten oxide electrolysis Active 18-Sep-2017
JP-7093580-B2 Systems and methods for melt oxide electrolysis Active 18-Sep-2017
JP-2020534501-A Systems and methods for molten oxide electrolysis Active 18-Sep-2017
AU-2022200687-A1 Systems and methods for molten oxide electrolysis Active 18-Sep-2017 C25C3/08
To view Boston Metal’s complete patent history, request access »

Boston Metal Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

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Boston Metal Investors (27)

Investor Name Investor Type Holding Investor Since Participating Rounds
Aramco Ventures Corporate Venture Capital Minority
ArcelorMittal Corporation Minority
Baillie Gifford Growth/Expansion Minority
Goehring & Rozencwajg Associates Asset Manager Minority
International Finance Corporation Impact Investing Minority
You’re viewing 5 of 27 investors. Get the full list »

Boston Metal FAQs

  • When was Boston Metal founded?

    Boston Metal was founded in 2013.

  • Where is Boston Metal headquartered?

    Boston Metal is headquartered in Woburn, MA.

  • What is the size of Boston Metal?

    Boston Metal has 300 total employees.

  • What industry is Boston Metal in?

    Boston Metal’s primary industry is Other Metals, Minerals and Mining.

  • Is Boston Metal a private or public company?

    Boston Metal is a Private company.

  • What is Boston Metal’s current revenue?

    The current revenue for Boston Metal is .

  • How much funding has Boston Metal raised over time?

    Boston Metal has raised $359M.

  • Who are Boston Metal’s investors?

    Aramco Ventures, ArcelorMittal, Baillie Gifford, Goehring & Rozencwajg Associates, and International Finance Corporation are 5 of 27 investors who have invested in Boston Metal.

  • Who are Boston Metal’s competitors?

    Aubert & Duval, Blastr Green Steel, North American Stainless, California Steel Industries, and Alliance Steel ( Distributors/Wholesale) are some of the 9 competitors of Boston Metal.

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