# Ceibo

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

- Industry: Environmental Services
- Headquarters: Santiago, Chile
- Website: www.ceibo.tech
- Total disclosed funding: $30M
- Latest round: Series B (Jun 1, 2023)
- Investors on record: 9

## About

Ceibo, based in Santiago, Chile, specializes in innovative copper recovery solutions that enhance mining efficiency while minimizing environmental impact, catering to the growing demand for sustainable copper production across various industries.Ceibo was founded in 2007 in Santiago, Chile, focusing on advanced mining technologies. The company has successfully completed 2 deals, with its most recent funding round being a Series B on June 1, 2023, where it raised USD 30.000 mn led by Energy Impact Partners. CEO Cristóbal Undurraga has guided Ceibo through its strategic initiatives without any notable pivots in business operations.Ceibo specializes in innovative copper recovery solutions designed to enhance mining efficiency while minimizing environmental impact. The company’s core offerings focus on advanced technologies that facilitate high recovery rates from copper sulfide ores, with a commitment to reducing operational costs and CO2 emissions. These technologies are particularly tailored to meet the unique needs of each mining operation, allowing for seamless integration into existing infrastructure. Ceibo's services are targeted towards mining companies in various global markets, including South America, North America, and parts of Europe, where the demand for sustainable copper production is increasing due to its essential role in various industries such as electrical, construction, and renewable energy. By leveraging decades of mining expertise, Ceibo aims to provide solutions that not only address the immediate challenges of copper extraction but also contribute to long-term sustainability in the mining sector.Ceibo generates revenue through direct partnerships and service agreements with mining companies, leveraging a B2B transactional model. The firm engages clients by providing tailored copper recovery solutions, which may include performance-based contracts where fees are linked to the recovery rates achieved. This structure allows clients to benefit from reduced operational costs and improved recovery efficiencies while ensuring that Ceibo is compensated based on the value delivered. The specific pricing plans and cost structures are designed to align with the operational needs of each client, ensuring that services are both accessible and rewarding. Central to its offerings are the innovative technologies that facilitate on-site copper recovery, which are essential for clients looking to enhance their production capabilities while adhering to environmental standards.In June 2023, Ceibo raised USD 30.000 mn in Series B funding to further develop its proprietary technology, launch on-site trials, and commence construction of a demonstration plant. The company plans to expand into new markets, specifically targeting increased presence in North America and Europe by 2025, to meet the rising demand for sustainable copper extraction solutions.

## Funding rounds

- Series B, Jun 1, 2023, $30M — Audley Capital Advisors, Khosla Ventures, Aurus, Orion Resource Partners, Energy Impact Partners, Unearth, CoTec Holdings, Pincus Green
- Series A, Aug 8, 2019 — Khosla Ventures, Aurus, Endeavor Catalyst

## Investors

- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Series A, Series B
- Aurus (https://capitalatlas.ai/funds/aurus) — Series A, Series B
- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series A
- Audley Capital Advisors — Series B
- Orion Resource Partners (https://capitalatlas.ai/funds/orion-resource-partners) — Series B
- Energy Impact Partners (https://capitalatlas.ai/funds/energy-impact-partners) — Series B
- Unearth — Series B
- CoTec Holdings — Series B
- Pincus Green — Series B