# Impossible Mining

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/impossible-mining

- Industry: Mining
- Headquarters: San Jose, US
- Website: www.impossiblemining.com
- Total disclosed funding: $10M
- Latest round: Seed (Mar 1, 2022)
- Investors on record: 21

## About

Based in California, US, and co-founded by Oliver Gunasekara (CEO) in 2019, Impossible Mining Inc. operates as a seabed mining and refining company. In June 2022, the firm raised USD 10.1 million in seed funding led by investors Chalet Capital and Y Combinator, with participation from other investors Futureland Ventures, Gaingels Syndicate, Liquid 2 Ventures, etc.

The company offers a robotic collection system, an autonomous underwater vehicle, called Eureka 1, for deep sea polymetallic nodule harvesting and bio-extraction. Eureka 1 can selectively pick up critical metals like battery metals for electric vehicles. The company also provides services and other patented technologies for the bio-extraction of minerals utilizing bacterial respiration, which liberates metals into solution without using acids, chemicals, or heat.

## Funding rounds

- Seed, Mar 1, 2022, $10M — Y Combinator, Park Capital, Zillionize Angel, MicroVentures, Soma Capital Management, Liquid 2 Ventures, Gaingels, NewGen Venture Partners, Starlight Ventures, Rebel Fund, Quiet Ventures, CapitalX, Noveus Capital, Tango VC, Futureland Ventures, Palrecha Capital, Chalet Capital, Aureolis Ventures, PARETA VENTURES, Climate Collective, New Venture Order
- Seed, Nov 3, 2021 — Y Combinator, Chalet Capital

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Chalet Capital — Seed
- Park Capital — Seed
- Zillionize Angel (https://capitalatlas.ai/funds/zillionize-angel) — Seed
- MicroVentures — Seed
- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Seed
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Seed
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Seed
- NewGen Venture Partners (https://capitalatlas.ai/funds/newgen-venture-partners) — Seed
- Starlight Ventures (https://capitalatlas.ai/funds/starlight-ventures) — Seed
- Rebel Fund (https://capitalatlas.ai/funds/rebel-fund) — Seed
- Quiet Ventures (https://capitalatlas.ai/funds/quiet-ventures) — Seed
- CapitalX (https://capitalatlas.ai/funds/capitalx) — Seed
- Noveus Capital (https://capitalatlas.ai/funds/noveus-capital) — Seed
- Tango VC (https://capitalatlas.ai/funds/tango-vc) — Seed
- Futureland Ventures (https://capitalatlas.ai/funds/futureland-ventures) — Seed
- Palrecha Capital (https://capitalatlas.ai/funds/palrecha-capital) — Seed
- Aureolis Ventures (https://capitalatlas.ai/funds/aureolis-ventures) — Seed
- PARETA VENTURES — Seed
- Climate Collective — Seed
- New Venture Order — Seed