Boston Metal’s $50 Million Series B Financing


Mintz represented global metals technology solutions company Boston Metal in its $50 million Series B financing, helping to position the company to accelerate industrial-scale deployments of its molten oxide electrolysis (MOE) technology towards emissions-free steel.

The financing was led by Piva Capital, BHP Ventures, and Devonshire Investors, the private investment firm affiliated with FMR LLC, the parent company of Fidelity Investments. Existing investors Breakthrough Energy Ventures, Prelude Ventures, OGCI Climate Investments, and The Engine also participated in the round.

Spun out of Massachusetts Institute of Technology in 2012, Boston Metal is commercializing MOE, a patented tonnage metals production platform that provides the metals industry with a more efficient, lower cost, and greener solution for the production of a wide variety of metals and alloys from a wide variety of feedstocks. Boston Metal works closely with customers to tailor the MOE technology for specific alloys, feedstocks, and business needs.

The Mintz team was led by Member and Chair of the firm’s Energy & Sustainability Practice Tom Burton (Picture) and Member Dinesh Melwani, and included Associates Rachel Gholston and Sarah Palmer.

Involved fees earner: Thomas Burton III – Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo; Rachel Gholston – Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo; Dinesh Melwani – Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo; Sarah Palmer – Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo;

Law Firms: Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo;

Clients: Boston Metal ;

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Author: Ambrogio Visconti