Piva Capital led a $50m Series B financing round in Boston Metal.

Piva Capital, a venture capital firm, led a $50m Series B financing round in Boston Metal, a provider of primary steel production. “Steel production has relied on the same basic formula for millennia, and revolutionizing such an industry requires a rare combination of team, technology, and partners. With this new round of funding, Boston Metal has brought together all of these elements and is positioned to deliver a future where steel production is efficient, modular and clean,” Tadeu Carneiro, Boston Metal Chairman and CEO.