Alloyed closed £37M Series B round

Alloyed, a U.K.-based company specializing in advanced materials technology, announced in March 2024 that it has successfully closed a £37 million Series B funding round. The round was co-led by Development Bank of Japan Inc. (DBJ) and SPARX Group Co., Ltd. (via its Mirai Creation Fund III). This significant investment saw participation from existing and new investors, including Aviva Investors, Anglo American, JX Advanced Metals, Oxford Science Enterprises, and Future Industry Ventures.

Alloyed integrates materials design, advanced manufacturing processes, and performance testing to deliver novel alloy solutions for demanding industries. The company plans to use the new funds to scale its production capabilities for advanced materials and digital manufacturing technologies, particularly focusing on its proprietary ABD® (Alloy By Design) platform. Furthermore, Alloyed aims to expand its global footprint, with a specific emphasis on growing its operations in Japan and North America, and to continue developing innovative solutions for sectors such as aerospace, automotive, energy, and consumer electronics.