# Alloy Enterprises

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/alloy-enterprises

- Industry: Industrial Machinery
- Headquarters: Burlington, US
- Website: www.alloyenterprises.co
- Total disclosed funding: $34M
- Latest round: Series A (Apr 4, 2023)
- Investors on record: 8

## About

Based in Massachusetts, US, and founded in 2020 by CEO Ali Forsyth, COO Andie Bedell, and CTO Nick Mykulowycz, Alloy Enterprises, Inc., a.k.a. Alloy is a provider of an additive manufacturing system that offers high throughput of fully dense parts, enabling manufacturers to scale from prototyping to production. In May 2023, Alloy Enterprises, Inc. raised USD 26 million in series A funding led by Piva, with participation from Unless Partners, Flybridge Capital Partners, MassMutual Ventures, Footprint Coalition, Congruent Ventures, and Riot Ventures.

The company provides an additive manufacturing system to enable on-demand production for high-strength aluminum alloys, such as 6061, with better mechanical properties to traditionally cast parts in a fraction of the time. Alloy’s process allows US manufacturers to increase supply chain resiliency through reshoring production.

Alloy plans to use its proceeds from August 2022 funding to accelerate its commercialization as the supply chain continues to hinder manufacturers' innovation ability.

## Funding rounds

- Series A, Apr 4, 2023, $30M — Flybridge Capital Partners, MassMutual Ventures, Lockheed Martin Ventures, Congruent Ventures, Riot Ventures, Piva, FootPrint Coalition, Unless
- Seed, Mar 8, 2021, $4.3M — Lockheed Martin Ventures, Congruent Ventures

## Investors

- Lockheed Martin Ventures (https://capitalatlas.ai/funds/lockheed-martin-ventures) — Seed, Series A
- Congruent Ventures (https://capitalatlas.ai/funds/congruent-ventures) — Seed, Series A
- Flybridge Capital Partners (https://capitalatlas.ai/funds/flybridge-capital-partners) — Series A
- MassMutual Ventures (https://capitalatlas.ai/funds/massmutual-ventures) — Series A
- Riot Ventures (https://capitalatlas.ai/funds/riot-ventures) — Series A
- Piva (https://capitalatlas.ai/funds/piva) — Series A
- FootPrint Coalition (https://capitalatlas.ai/funds/footprint-coalition) — Series A
- Unless (https://capitalatlas.ai/funds/unless) — Series A