Tech Company Financing Transactions
Allium Engineering Funding Round
Aera VC, Anthropocene Ventures and Propeller invested in a $3.3 million Seed funding round for Allium Engineering. The funding round was announced by the company on 3/13/2024.
Transaction Overview
Company Name
Announced On
3/13/2024
Transaction Type
Venture Equity
Amount
$3,250,000
Round
Seed
Investors
Proceeds Purpose
startup will use the funds get a new facility operating in Boston by this July, with a goal to produce over a thousand tons of stainless steel-coated rebar within the next two years.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
6 Birch Street
Peabody, MA 01915
USA
Peabody, MA 01915
USA
Phone
Website
Email Address
Not Recorded
Overview
Allium Engineering is a US-based startup founded by two MIT Ph.D graduates that designs and manufactures coated rebar technology that will create a more resilient, affordable, and sustainable infrastructure. At Allium Engineering, our mission is to create a more sustainable world through innovative engineering solutions in the construction and civil engineering industries.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Steve Jepeal
Chief Technical Officer
Sam McAlpine
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