Fundraising Fox

Boston Materials

Massachusetts, US · Founded 2018 · Delaware corporation · 34 employees on LinkedIn · 9 known investors

BO Materials develops novel materials for industrial applications across trillion-dollar industries. The company creates new material solutions to solve technical problems and reduce conventional trade-offs.

AI & Machine LearningDeep TechNew MaterialsSemiconductors

Founders & leadership

Boston Materials was founded in 2018 by Michael Segal.

MS
Michael SegalFounder
AG
Anvesh GurijalaNamed on SEC filing

Board

DMDavid Miller
David Millerin𝕏Board directorCo-Founder and Managing Director at Clean Energy Ventures
DP
Dwight PolerBoard director
AG
Andrew GoldmanBoard director

Investors · 9

Accelr8Bostonvia Louis Kang · inferred
ACVC PartnersSilicon Valley
Clean Energy VenturesBoston · $100K – $5M
Collaborative FundNew York · $500K – $1M
Diamond Edge VenturesSan Francisco
Good Growth CapitalCharleston
GS FuturesSeoul
GVP ClimateNew York
Valo VenturesSan Francisco

Reported raises · per SEC filings

Form D private placements

$56.4M disclosed across 7 rounds · 2018–2024

▶$28.3MraisedDec 2025 · 11 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Michael SegalExecutive Officer, Director
  • David MillerDirector
  • Dwight PolerDirector
  • Anvesh GurijalaExecutive Officer, Director
  • Andrew GoldmanDirector
Offering amount
$28.3M
Amount sold
$28.3M
First sale
Sep 2024
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$2MraisedDec 2022 · 1 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • David MillerDirector
  • Michael SegalExecutive Officer, Director
  • Anvesh GurijalaExecutive Officer, Director
  • Dwight PolerDirector
  • Andrew GoldmanDirector
Offering amount
$2M
Amount sold
$2M
First sale
Dec 2022
Incorporated
Corporation, Delaware, 2018
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$12MraisedNov 2022 · 9 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Anvesh GurijalaExecutive Officer, Director
  • Dwight PolerDirector
  • Michael SegalDirector
  • Andrew GoldmanDirector
  • David MillerDirector
Offering amount
$12M
Amount sold
$12M
First sale
Oct 2022
Incorporated
Corporation, Delaware, 2018
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$10.5MraisedMay 2021 · 19 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • David MillerDirector
  • Michael SegalExecutive Officer, Director
  • Dwight PolerDirector
  • Andrew GoldmanDirector
  • Anvesh GurijalaExecutive Officer, Director
Offering amount
$11.6M
Amount sold
$10.5M
First sale
May 2021
Incorporated
Corporation, Delaware, 2018
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$565KraisedMay 2020 · 5 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • David MillerDirector
  • Anvesh GurijalaExecutive Officer, Director
  • Gary SharplessDirector
  • Michael SegalExecutive Officer, Director
  • Andrew GoldmanDirector
Offering amount
$565K
Amount sold
$565K
First sale
May 2020
Incorporated
Corporation, Delaware, 2018
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$1.5MraisedOct 2019 · 1 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Andrew GoldmanDirector
  • David MillerDirector
  • Gary SharplessDirector
  • Michael SegalExecutive Officer, Director
  • Anvesh GurijalaExecutive Officer, Director
Offering amount
$2.1M
Amount sold
$1.5M
First sale
Oct 2019
Incorporated
Corporation, Delaware, 2018
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$1.5MraisedNov 2018 · 7 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Anvesh GurijalaExecutive Officer, Director
  • Michael SegalDirector
Offering amount
$1.8M
Amount sold
$1.5M
First sale
Nov 2018
Incorporated
Corporation, Delaware, 2018
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Non-dilutive funding · 4 SBIR/STTR awards

Federal grants — no equity taken
AgencyPhaseYearAmount
U.S. ArmyArmyPhase I2022$259.6K
National Science FoundationPhase II2020$750K
U.S. Air ForceAir ForcePhase I2020$50K
National Science FoundationPhase I2018$219K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

In the news

Boston Materials Raises $13.5M in Fundingfinsmes.com · Nov 2024Boston Materials Announces $13.5M in New Funding for Manufacturing Expansion and Establishing Supply Chain Partnershipsprnewswire.com · Nov 2024Boston Materials Raises $8M Series A Funding - FinSMEsfinsmes.com · May 2021Massachusetts-based startup​​​​​​​ raises funding to launch carbon fiber super-composite | CompositesWorldcompositesworld.com · Mar 2019Boston Materials closes $8 million Series A funding to advance z-axis carbon fiber materials - JECjeccomposites.com

Frequently asked questions

What does Boston Materials do?
BO Materials develops novel materials for industrial applications across trillion-dollar industries. The company creates new material solutions to solve technical problems and reduce conventional trade-offs.
Who founded Boston Materials?
Boston Materials was founded by Michael Segal in 2018.
Who are Boston Materials's investors?
Boston Materials's investors include Accelr8, ACVC Partners, Clean Energy Ventures, Collaborative Fund, Diamond Edge Ventures, Good Growth Capital, GS Futures, GVP Climate and 1 more.
How much funding has Boston Materials raised?
Boston Materials has disclosed $56.4M raised across 7 rounds.
Where is Boston Materials headquartered?
Boston Materials is headquartered in Massachusetts, US.