# ArcelorMittal

> ArcelorMittal is a VC fund in Luxembourg backing Energy and Renewable Energy. See 12 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Luxembourg, Luxembourg
- Total investments: 12
- Last investment: Sep 2024
- Lead investor: 25%
- Last updated: Aug 2026
- LinkedIn: http://www.linkedin.com/company/arcelormittal
- X (Twitter): http://twitter.com/arcelormittal
- Website: http://www.arcelormittal.com

ArcelorMittal is a steel company, present in more than 60 countries. It has led the consolidation of the world steel industry and today ranks as the only truly global steelmaker.ArcelorMittal is the leader in all major global markets, including automotive, construction, household appliances and packaging. The Group leads in R&D andtechnology, holds sizeable captive supplies of raw materials and operates extensive distribution networks.

## Contacts

5 contacts available for ArcelorMittal. Shizune tracks 11 team members at ArcelorMittal. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/arcelormittal?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Series C | $53M–$120M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Energy | 5 | 42% |
| Renewable Energy | 5 | 42% |
| CleanTech | 3 | 25% |
| Industrial | 3 | 25% |
| Solar | 2 | 17% |

21 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series C | 2 | 17% |
| Post-IPO Equity | 2 | 17% |
| Seed | 1 | 8% |
| Series A | 1 | 8% |
| Series B | 1 | 8% |

10 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 6 | 50% |
| Brazil | 1 | 8% |
| France | 1 | 8% |
| Israel | 1 | 8% |
| Belgium | 1 | 8% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Aditya Mittal | CEO | 1 | https://shizune.co/investors/profile/aditya-mittal-7469 |
| Sebastian Kwiecien | Head of the Pipe Production Department | 1 | https://shizune.co/investors/profile/sebastian-kwiecien |
| Benjamin Baptista | Chief executive officer, Flat Carbon South America | 0 | https://shizune.co/investors/profile/benjamin-baptista |
| Frank Haers | Chief technology officer and head of health and safety | 0 | https://shizune.co/investors/profile/frank-haers |
| Gregory Ludkovsky | Global research and development | 0 | https://shizune.co/investors/profile/gregory-ludkovsky |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Utility Global | Utility Global develops and designs a generation system to create a paradigm shift in how the world uses, stores, and transforms energy. The company's system is centered around a state-of-the-art oxide-ion cell, which leverages the latest developments in manufacturing, sensing, control, and nanotechnology, enabling users to generate everythingfrom high-efficiency power to low-cost hydrogen in compact and affordable devices. | $53M | Series C | Sep 25, 2024 |  |
| Vallourec | Vallourec is a premium tubular solution for the energy markets and for demanding industrial applications such as oil & gas wells in harsh environments, new-generation power plants, challenging architectural projects, and high-performance mechanical equipment. | $1B | Post-IPO Secondary | Mar 12, 2024 |  |
| LanzaTech | LanzaTech is turning our global carbon crisis into a feedstock opportunity with the potential to displace 30% of crude oil use today and reduce global CO2 emissions by 10%. By recycling carbon from industrial off-gases; syngas generated from any biomass resource (e.g. municipal solid waste (MSW), organic industrial waste, agricultural waste); andreformed biogas, LanzaTech can reduce emissions and make new products for a circular carbon economy.LanzaTech’s carbon recycling technology is like retrofitting a brewery onto an emission source like a steel mill or a landfill site, but instead of using sugars and yeast to make beer, pollution is converted by bacteria to fuels and chemicals! Imagine a day when your plane is powered by recycled GHG emissions, when your yoga pants started life as pollution from a steel mill. This future is possible using LanzaTech technology. | $185M | Post-IPO Equity | Feb 09, 2023 |  |
| Boston Metal | Boston Metal is a provider of industrial-scale, metals production solutions utilizing its Molten Oxide Electrolysis (MOE) process. MOE provides the metals industry with a more efficient, lower cost, and greener solution for the production of a wide array of metals and alloys from a wide variety of feedstocks. Boston Metal was spun-out of MIT in2012 with an investment from Ingo Wender and has since scaled the technology 1,000x and produced thousands of kilograms of metal. Boston Metal’s headquarters and industrial development center are located in Woburn, MA. | $120M | Series C | Jan 26, 2023 |  |
| TerraPower | TerraPower aims to develop a sustainable and economic nuclear energy system while greatly reducing proliferation risks and creating new options for converting low-level waste into vast energy resources. TerraPower is investigating a class of nuclear fast reactors called the traveling wave reactor (TWR). | $830M | Series A | Aug 15, 2022 |  |
| Sirros IoT | Take your company into the future using IoT and Industry 4.0 resources: increase your productivity, lower your costs, monitor your efficiency and use artificial intelligence to make the best decisions. | $1M | Seed | Aug 10, 2022 |  |
| H2Pro | H2Pro is a renewable energy company that is working on an efficient green hydrogen production method - E-TAC. Its mission is to enable the wide-scale adoption of sustainable hydrogen fuel by introducing a novel water-splitting technology. | $75M | Series B | Jan 25, 2022 |  |
| Heliogen | Heliogen is a renewable energy technology company focused on eliminating the need for fossil fuels in heavy industry and powering a sustainable future. The company’s AI-enabled, modular concentrated solar technology aims to cost-effectively deliver near 24/7 carbon-free energy in the form of heat, power, or green hydrogen fuel at scale – forthe first time in history. Heliogen was created at Idealab, the leading technology incubator founded by Bill Gross in 1996. For more information about Heliogen, please visit heliogen.com. | $165M | Post-IPO Equity | Dec 31, 2021 |  |
| LanzaTech | LanzaTech is turning our global carbon crisis into a feedstock opportunity with the potential to displace 30% of crude oil use today and reduce global CO2 emissions by 10%. By recycling carbon from industrial off-gases; syngas generated from any biomass resource (e.g. municipal solid waste (MSW), organic industrial waste, agricultural waste); andreformed biogas, LanzaTech can reduce emissions and make new products for a circular carbon economy.LanzaTech’s carbon recycling technology is like retrofitting a brewery onto an emission source like a steel mill or a landfill site, but instead of using sugars and yeast to make beer, pollution is converted by bacteria to fuels and chemicals! Imagine a day when your plane is powered by recycled GHG emissions, when your yoga pants started life as pollution from a steel mill. This future is possible using LanzaTech technology. | $30M | Venture - Series Unknown | Dec 09, 2021 |  |
| Heliogen | Heliogen is a renewable energy technology company focused on eliminating the need for fossil fuels in heavy industry and powering a sustainable future. The company’s AI-enabled, modular concentrated solar technology aims to cost-effectively deliver near 24/7 carbon-free energy in the form of heat, power, or green hydrogen fuel at scale – forthe first time in history. Heliogen was created at Idealab, the leading technology incubator founded by Bill Gross in 1996. For more information about Heliogen, please visit heliogen.com. | $83M | Corporate Round | Jun 15, 2021 |  |

10 of 12 investments shown.

## Co-investors
- [8090 Partners](https://shizune.co/investors/profile/8090-partners) — VC Fund, 2 deals together
- [BR Angels](https://shizune.co/investors/profile/br-angels) — VC Fund, 2 deals together
- [8090 Industries](https://shizune.co/investors/profile/8090-industries) — VC Fund, 1 deal together
- [Aramco Ventures](https://shizune.co/investors/profile/aramco-ventures) — VC Fund, 1 deal together
- [Ara Partners](https://shizune.co/investors/profile/ara-partners) — VC Fund, 1 deal together
- [Argonaut Ventures](https://shizune.co/investors/profile/argonaut-ventures) — VC Fund, 1 deal together

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## FAQ

### What does ArcelorMittal invest in?

ArcelorMittal invests primarily in Energy, Renewable Energy and CleanTech startups, most often at Series C and Post-IPO Equity stage. Most of the 12 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is ArcelorMittal's check size?

ArcelorMittal typically joins rounds of $53M–$120M at Series C. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds ArcelorMittal participates in.

### How do I contact ArcelorMittal?

Public channels for ArcelorMittal include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at ArcelorMittal?

The team at ArcelorMittal includes Aditya Mittal (CEO), Sebastian Kwiecien (Head of the Pipe Production Department) and Benjamin Baptista (Chief executive officer, Flat Carbon South America), among 11 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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