UK-based metal components manufacturer Alloyed has secured £37 million in Series B funding to expand its operations in the United Kingdom and United States. The funding round was led by Japanese investors SPARX and the Development Bank of Japan, with additional participation from Aviva Investors and Future Industry Ventures.
The Oxford University spin-out company, established seven years ago, specializes in developing metallic alloys and components through additive manufacturing processes. Alloyed’s customer base includes major industrial players such as Boeing, Microsoft, BMW, and Anglo American, serving various industry sectors from its base in Abingdon.
The company plans to use the new funding to enhance its digital platforms for alloy design and processing. These platforms focus on creating metal components through industrial-scale 3D printing technology, which allows for the integration of multiple functions into single metal parts.
“After 5,000 years, metal remains the material of choice for the toughest jobs, and our mission is to harness our digital platforms to make metal components lighter, stronger, and more precise, all while reducing costs and maximising sustainability,” said Michael Holmes, CEO of Alloyed.
The investment builds upon support from existing investors, including Oxford Science Enterprises, JX Advanced Metals, and Anglo American plc. SPARX’s investment director Takaki Demichi noted that while additive manufacturing shows promise for energy transition and future products, it has faced engineering challenges that Alloyed’s technologies aim to address.