BHP Ventures is co-leading the steel manufacturing technology developer's series B round, which has a $60m target for its close.
Boston Metal, a US-based developer of molten metal production technology, confirmed yesterday it has collected $50m in a series B round co-led by BHP Ventures, the corporate venturing arm of mining company BHP.
The round was co-led by Devonshire Investors and Piva Capital and it also featured The Engine, Breakthrough Energy Ventures, Prelude Ventures and OGCI Climate Investments. The company is targeting a $60m final close, according to a regulatory filing.
Founded in 2012, Boston Metal has developed a process…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
