# BaniQL

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/baniql

- Industry: Mining
- Headquarters: San Jose, US
- Website: www.baniql.com/
- Total disclosed funding: $1.6M
- Latest round: Seed (Oct 13, 2025)
- Investors on record: 7

## About

Founded in 2021 and based in California, US, BaniQL Corp. is the developer of a unique refining process designed to extract metals from the earth. Willy Halim (CEO), Eric Januar (COO), Aristotle Vergara, and SeungWan Kim are the co-founders of the company. In October 2025, BaniQL Corp. raised an undisclosed amount of venture funding from new investors 500 Global and Genesia Ventures. Returning investor BEENEXT also participated in the round.

The company specializes in green nickel refining with a focus on sustainability. The firm has developed a patent-pending process that extracts nickel from laterite ore, reducing environmental impact. This method offers energy savings, zero toxic waste, and a 50% reduction in water usage. BANIQL's solutions cater to nickel, essential for electric vehicles and portable electronics.

The organization plans to use the October 2025 funding to accelerate technology advancement, expand pilot production, and cooperate with global customers.

## Funding rounds

- Seed, Oct 13, 2025 — 500 Global, BEENEXT, Genesia Ventures
- Seed, May 20, 2024, $1.6M — BEENEXT, Seedstars, Sopoong Ventures, XA Network, A2D Ventures

## Investors

- BEENEXT (https://capitalatlas.ai/funds/beenext) — Seed
- Seedstars (https://capitalatlas.ai/funds/seedstars) — Seed
- Sopoong Ventures (https://capitalatlas.ai/funds/sopoong-ventures) — Seed
- XA Network (https://capitalatlas.ai/funds/xa-network) — Seed
- A2D Ventures (https://capitalatlas.ai/funds/a2d-ventures) — Seed
- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- Genesia Ventures (https://capitalatlas.ai/funds/genesia-ventures) — Seed