Diamond Edge Ventures announces strategic investment in Boston Materials to support next-generation semiconductor and aerospace solutions

DEV co-led the company’s $13.5M financing round with AccelR8, an impact venture capital fund based in Boston, MA, USA. The financing also included participation from new and existing investors, including Valo Ventures, Gatemore Venture Partners, Collab Fund, and Woori Venture Partners.

Founded in 2016, Boston Materials has developed a novel manufacturing process that produces a new class of materials that are conductive and durable like metal yet light like plastic. The underlying patented technology, Z-axis Fiber™, uses vertically aligned carbon fibres to create materials with enhanced energy transfer properties. The company’s specialty materials unlock high-value thermal management applications for composite materials across many industries and applications.

Anvesh Gurijala, Founder & CEO of Boston Materials, said, “Mitsubishi Chemical Group’s materials and innovation resources offer Boston Materials the opportunity to further co-develop materials and applications using our Z-axis Fiber technology. DEV’s strategic investment validates the importance of our materials to MCG’s industry partners and customers in electronics, automotive, and aerospace.”
 
Curtis Schickner, President of Diamond Edge Ventures, said, “Mitsubishi Chemical Group is a global leader in carbon fiber and composite materials and continuously seeks to maintain that position by partnering with cutting-edge specialty materials startups. Boston Materials supports MCG’s ongoing commitment to advancing innovative materials technologies in the next generation of energy-efficient solutions. Through collaborations with Boston Materials, MCG seeks to unlock new applications that extend carbon fiber’s capabilities to address the growing demand for advanced energy transfer and lightweight materials in MCG markets.” 

About Diamond Edge Ventures
Diamond Edge Ventures, based in San Francisco, CA, USA, was established in July 2018 as Mitsubishi Chemical Group’s venture investing arm. Through investments and strategic partnerships with high-potential startups globally, DEV aims to foster innovation and product development across MCG Group companies.
 
About Boston Materials
Founded in 2016, Boston Materials produces a new class of materials that are conductive and durable like metal, yet light as plastic. The underlying patented technology, Z-axis Fiber™, uses vertically aligned carbon fibers to create materials with enhanced energy transfer properties. Highly differentiated advanced materials, commercialized under the ZRT^® tradename, solve critical challenges relating to thermal management and vehicle weight reduction across trillion-dollar industries– including Semiconductors, Aerospace, and Electrified Vehicles. Backed by scaled manufacturing technologies, facilities primed for high-volume production, and validation in performance-critical applications across high-growth sectors, industry leaders turn to Boston Materials to go beyond today’s known limitations.

Photos: Diamond Edge Ventures