Continuum, the sustainable metal recycling arm of California 3D printing startup MolyWorks, has raised $36 million in a private equity funding round to support the rapid advancement of the circular metals economy. Growing demand for sustainable materials is driving interest in companies like MolyWorks and its newly minted commercial arm Continuum, especially considering how recycled metal scrap could become the choice feedstock for companies that are kinder to the environment.
Private equity firm Ara Partners, which specializes in industrial decarbonization, made the investment. The funds will be destined to expand Continuum’s production of 100% recycled commercial metal powder to meet the growing customer demand for sustainable, responsibly sourced materials for engineered parts. Ara’s partnership will also support the company’s international growth and continued research…
