# Novamera

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

- Industry: Mining
- Headquarters: Canada
- Website: www.novamerainc.com
- Total disclosed funding: $5M
- Latest round: Series A (Jul 27, 2021)
- Investors on record: 2

## About

Novamera Inc. is an innovative mining technology company focused on enhancing mineral extraction efficiency and sustainability through its Surgical Mining™ methodology and advanced technological offerings.Novamera Inc. specializes in innovative mining technology, particularly in Surgical Mining™. The company was formed to address the challenges in mining extraction and operates out of Canada. Dustin Angelo is the CEO, guiding the company through its recent developments. In July 2021, Novamera raised USD 5 mn in Series A funding led by BDC Capital, which will support the field trial of their Sustainable Mining by Drilling solution.Novamera specializes in a unique mining methodology known as Surgical Mining™, which incorporates advanced hardware and software solutions to improve the efficiency and sustainability of mineral extraction. Their core offerings include high-definition 3D orebody modeling, a Smart Drilling System that optimizes ore recovery, and a Guidance Tool for creating detailed orebody maps. These technologies integrate seamlessly with conventional drilling equipment, facilitating faster production timelines while significantly reducing waste and environmental impact. The company's solutions cater to the mining sector, particularly addressing deposits that are typically challenging to mine using conventional methods, serving clients across North America and internationally, especially in regions with stringent environmental regulations.Novamera generates revenue through B2B transactions by providing turnkey mining solutions that include their Surgical Mining™ technologies. This involves partnerships with mining companies for the deployment of proprietary hardware and software systems, along with maintenance and support services. Revenue streams arise from installation costs and ongoing service fees, ensuring clients receive immediate and long-term value from their investments in Novamera’s solutions, which ultimately aim to unlock previously uneconomic deposits and enhance financial performance for the company’s partners.Novamera plans to leverage its recent funding from the Series A round in July 2021, raising USD 5 mn, to conduct a field trial of their Sustainable Mining by Drilling solution. The company is focused on expanding its product offerings and entering new markets, particularly targeting regions with high mining activity and strict environmental regulations. These initiatives are expected to enhance their operational capacity and market penetration by offering innovative solutions that align with the growing demand for sustainable mining practices.

## Funding rounds

- Series A, Jul 27, 2021, $5M — BDC Capital, Chrysalix
- Seed, Apr 28, 2020 — Chrysalix

## Investors

- Chrysalix (https://capitalatlas.ai/funds/chrysalix) — Seed, Series A
- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Series A