Open Mineral
Latest round
- Series C
Last raised
- Sep 2021
Total raised
- $38M
Investors
- 6
About Open Mineral
Founded in 2017 and headquartered in Switzerland, Open Mineral AG functions as a global metal trader. The company was established by Boris Eykher and Ilya Chernilovskiy, who have prior entrepreneurial experience. Leveraging advanced artificial intelligence and data analytics, the company connects suppliers and consumers, enabling efficient transactions in the metals market. Their core offerings include facilitating physical and paper trading solutions that cater to a diverse clientele, which encompasses miners, smelters, traders, and engineering companies. The strategic implementation of data-driven solutions allows Open Mineral to address various challenges within the industry, such as enhancing supply chain transparency and optimizing trading operations.Open Mineral generates revenue through transactions that occur within its trading platform, where it facilitates the exchange of metals between various stakeholders. These transactions typically follow a B2B model, where miners and smelters partner with Open Mineral to access a broader market for their products. The company's revenue structure is underpinned by service agreements that outline terms for procurement and logistics, creating a streamlined process for clients. Notably, the flagship services offered by Open Mineral are designed to enhance efficiency and reduce costs associated with trading in raw and refined metals. Specific plans include introducing new products aimed at enhancing trading efficiencies and expanding into additional markets in Asia and North America by 2023.
Who invested in Open Mineral
6 investors across 2 rounds
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Questions about Open Mineral
Who invested in Open Mineral?
Open Mineral has 6 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Open Mineral raised?
Open Mineral has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Open Mineral last raise money?
Open Mineral's most recent round on record is a Series C, in Sep 2021.
What does Open Mineral do?
Founded in 2017 and headquartered in Switzerland, Open Mineral AG functions as a global metal trader.
Where is Open Mineral headquartered?
Open Mineral is headquartered in Switzerland.
Which VCs invest in companies like Open Mineral?
Among active investors with capital left to deploy, Index Ventures, European Investment Bank, Highland Europe and Marktlink Capital back software companies at Open Mineral's stage. Their profiles are linked below.
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