Boston Materials Grabs $12M Series A2 Round
Summary
The round also includes new strategic investors GS Group and PTT Global Chemical, which will provide important supply chain relationships and unlock customers in new geographical regions. The new funds will support Boston Materials continued growth, increasing manufacturing and engineering operations at the new factory in Billerica MA, and expanding product adoption with existing and new customers. Previous Boston Materials investors also participated in this round, including ACCELR8, Valo Ventures and ACVC Partners. Since the first round of fundraising, the company has tripled its employee headcount, with plans to create a significant number of new jobs in the near future to support ongoing growth. The companys patented Z-axis Fiber technology is a lightweight material that has an extraordinary ability to diffuse energy (structural, thermal or electrical).