# Sortera Alloys

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sortera-alloys

- Industry: Environmental Services
- Headquarters: Markle, US
- Website: www.sorteraalloys.com
- Total disclosed funding: $30M
- Latest round: Series C (Aug 28, 2023)
- Investors on record: 8

## About

Sortera Alloys, Inc. is a US-based company focused on innovative technology solutions that enhance operational efficiency and streamline processes for businesses across various sectors.Founded in 2020 and headquartered in Markle, Indiana, Sortera Alloys, Inc. specializes in technology solutions that optimize business operations. The firm has executed 6 deals to date, with the most recent investment round occurring on August 28, 2023. The company completed a Series C funding round, raising USD 8.000 mn led by RA Capital, alongside participation from various investors including Assembly Ventures and Breakthrough Energy Ventures. The company's CEO is Michael Siemer, with Nalin Kumar serving as the founder.Sortera Alloys, Inc. provides a suite of software applications tailored to enhance operational efficiency across finance, healthcare, and retail sectors. Their solutions integrate with existing systems, addressing challenges such as data silos and inefficient workflows, thereby improving data analysis, project management, and customer relationship management.The revenue model of Sortera Alloys, Inc. is primarily subscription-based, offering clients tiered pricing plans that cater to a range of organizational needs. Clients typically enter annual contracts that offer ongoing updates and support, creating stable revenue channels. The company generates additional income through strategic partnerships, expanding its market presence while maintaining robust client relationships.Following the successful Series C funding round in August 2023, Sortera Alloys, Inc. intends to utilize the USD 8.000 mn raised to commercialize its product art upcycling facility. The company plans to introduce new products aimed at improving operational processes and will target expansion into new geographic markets, further strengthening its client base. The focus will be on enhancing the scalability of their software solutions and extending their reach in North America and Europe.

## Funding rounds

- Series C, Aug 28, 2023, $8M — T Rowe Price, Chrysalix, RA Capital Management, Macquarie Group, Breakthrough Energy Ventures, Mineral Enterprises Limited, Assembly Ventures
- Series C, Apr 13, 2023, $22M — T Rowe Price, Chrysalix, RA Capital Management, Macquarie Group, Breakthrough Energy Ventures, Mineral Enterprises Limited, Assembly Ventures
- Seed, Oct 13, 2020 — Chrysalix, ARPA-E

## Investors

- Chrysalix (https://capitalatlas.ai/funds/chrysalix) — Seed, Series C
- ARPA-E — Seed
- T Rowe Price (https://capitalatlas.ai/funds/t-rowe-price) — Series C
- RA Capital Management (https://capitalatlas.ai/funds/ra-capital-management) — Series C
- Macquarie Group (https://capitalatlas.ai/funds/macquarie-group) — Series C
- Breakthrough Energy Ventures (https://capitalatlas.ai/funds/breakthrough-energy-ventures) — Series C
- Mineral Enterprises Limited — Series C
- Assembly Ventures (https://capitalatlas.ai/funds/assembly-ventures) — Series C