StoryFunding
Boston Metal raises $120M Series C with ArcelorMittal among investors
Boston Metal announced a $120 million Series C led by ArcelorMittal's XCarb Innovation Fund, with Microsoft's Climate Innovation Fund and SiteGround Capital joining as new investors. The funding expands production at its Boston pilot facility, supports design of its first full-scale green steel plant, and enables construction of a critical metals manufacturing facility in Brazil.
- $120M Series C led by ArcelorMittal with new investors Microsoft Climate Innovation Fund and SiteGround Capital.
- Funds scale pilot green steel production near Boston, site selection for first full-scale commercial plant, and Brazilian high-value metals facility.
- ArcelorMittal noted Boston Metal's progress developing technology with potential to revolutionise steelmaking.