Fundraising Fox
Boston Materials
Massachusetts, US · Founded 2018 · Delaware corporation · 34 employees on LinkedIn · 17 known investors
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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.
Founders & leadership
Boston Materials was founded in 2018 by Michael Segal.
Board
Investors · 17
How we know: a partner's Signal profile · prnewswire.com · Not right? Tell us
How we know: open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Clean Energy Ventures's portfolio page · a partner's Signal profile · funding news · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Collaborative Fund's portfolio page · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: prnewswire.com · Not right? Tell us
How we know: GC Ventures's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Good Growth Capital's portfolio page · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: a partner's Signal profile · the VCSheet dataset · Not right? Tell us
How we know: GVP Climate's portfolio page · Not right? Tell us
Also in the syndicate · 5
Funding
SEC filings, press & company announcements$69.9M disclosed across 8 of 9 rounds · 2018–2024
- $13.5MraisedNov 2024 · 2 sources
AccelR8 (lead), Diamond Edge Ventures (lead), Collab Fund, Gatemore Venture Partners, Valo Ventures, Woori Venture Partners
Source ↗ - Undisclosed amountSeries AMay 2021Source ↗
▶$28.3MraisedDec 2025 · 11 investors · Other TechnologyRule 506(b)
- 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
▶$2MraisedDec 2022 · 1 investors · Other TechnologyRule 506(b)
- 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
▶$12MraisedNov 2022 · 9 investors · Other TechnologyRule 506(b)
- 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
▶$10.5MraisedMay 2021 · 19 investors · Other TechnologyRule 506(b)
- 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
▶$565KraisedMay 2020 · 5 investors · Other TechnologyRule 506(b)
- 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
▶$1.5MraisedOct 2019 · 1 investors · Other TechnologyRule 506(b)
- 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
▶$1.5MraisedNov 2018 · 7 investors · Other TechnologyRule 506(b)
- 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
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| Agency | Phase | Year | Amount |
|---|---|---|---|
| U.S. ArmyArmy | Phase I | 2022 | $259.6K |
| National Science Foundation | Phase II | 2020 | $750K |
| U.S. Air ForceAir Force | Phase I | 2020 | $50K |
| National Science Foundation | Phase I | 2018 | $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
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 Venture, Clean Energy Ventures, Collaborative Fund, Diamond Edge Ventures, GC Ventures, Good Growth Capital and 4 more.
- How much funding has Boston Materials raised?
- Boston Materials has disclosed $69.9M raised across 8 of its 9 known rounds.
- Where is Boston Materials headquartered?
- Boston Materials is headquartered in Massachusetts, US.