Ara Partners, a private equity firm focused on industrial decarbonization investments, has led a $36 million funding round for Continuum, a metal recycling and supply company and a producer of additive manufacturing material.
The investment looks to fund the expansion of recycled commercial metal powder production to meet customer demand for sustainable materials. Ara’s partnership will also support the growth of the company and research into similar technologies and customer applications.
“Creating a circular metals economy is critical to meeting the world’s sustainability goals,” comments Cory Steffek, partner at Ara. “Titanium, stainless steel, and Inconel alone account for tens of millions of tons of scrap metal each year that will need to be repurposed in the new sustainable economy. We are incredibly excited about the opportunity to help Continuum scale and address these enormous hurdles.”