About Boston Metal
Boston Metal is a company based in Woburn (United States) founded in 2012.. Boston Metal has raised $469.1 million across 14 funding rounds from investors including Microsoft, Fidelity Investments and International Finance Corporation. The company has 47 employees as of December 31, 2022. Boston Metal offers products and services including MOE Technology, Green Steel Solution, and Critical Metals Recovery.
- Headquarter Woburn, United States
- Employees 47 as on 31 Dec, 2022
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Sectors
Industrial Goods & Manufacturing
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$469.1 M (USD)
in 14 rounds
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Latest Funding Round
$51 M (USD), Series C
Jun 27, 2025
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Investors
Microsoft
& 20 more
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Employee Count
47
as on Dec 31, 2022
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Products & Services of Boston Metal
Boston Metal offers a comprehensive portfolio of products and services, including MOE Technology, Green Steel Solution, and Critical Metals Recovery. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables green steel production and metal recovery using electricity.
Decarbonizes steelmaking in a one-step process from iron ore.
Recovers valuable metals from waste for sustainable mining.
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Funding Insights of Boston Metal
Boston Metal has successfully raised a total of $469.1M across 14 strategic funding rounds. The most recent funding activity was a Series C round of $51 million completed in June 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 14
- Last Round Series C — $51.0M
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First Round
First Round
(01 Jan 2014)
- Investors Count 21
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2025 | Amount | Series C - Boston Metal | Valuation |
investors |
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| Jan, 2024 | Amount | Series C - Boston Metal | Valuation | Marunouchi Innovation Partners |
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| Sep, 2023 | Amount | Series C - Boston Metal | Valuation | Aramco Ventures , M&G |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Boston Metal
Boston Metal has secured backing from 21 investors, including venture fund and institutional investors. Prominent investors backing the company include Microsoft, Fidelity Investments and International Finance Corporation. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Growth investments are made in climate tech startups globally.
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Founded Year | Domain | Location | |
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Early-stage startups are targeted for investment by Aramco Ventures.
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Founded Year | Domain | Location | |
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Diversified asset management firm and private fund focused on debt and equity investments in climate startups, real estate, and multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Boston Metal
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Boston Metal
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Boston Metal Comparisons
Competitors of Boston Metal
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Boston Metal
Frequently Asked Questions about Boston Metal
When was Boston Metal founded?
Boston Metal was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Where is Boston Metal located?
Boston Metal is headquartered in Woburn, United States. It is registered at Woburn, Massachusetts, United States.
Is Boston Metal a funded company?
Boston Metal is a funded company, having raised a total of $469.1M across 14 funding rounds to date. The company's 1st funding round was a Series C of $122M, raised on Jan 01, 2014.
How many employees does Boston Metal have?
As of Dec 31, 2022, the latest employee count at Boston Metal is 47.
What does Boston Metal do?
Boston Metal was founded in 2012 and is headquartered in Woburn, United States. Molten oxide electrolysis (MOE) technology has been developed by the company to enable emission-free production of ferroalloys. Industrial-scale solutions for metals production are offered, focusing on sustainable processes within the materials and manufacturing sector. Operations center on advancing clean metallurgical methods for global industrial applications.
What products or services does Boston Metal offer?
Boston Metal offers MOE Technology, Green Steel Solution, and Critical Metals Recovery.
Who are Boston Metal's investors?
Boston Metal has 21 investors. Key investors include Microsoft, Fidelity Investments, International Finance Corporation, Vale, and ArcelorMittal.