# Simbol Materials

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/simbol-materials

- Industry: Environmental Services
- Headquarters: Pleasanton, US
- Website: www.simbolmaterials.com
- Total disclosed funding: $6.7M
- Latest round: Series A (Jul 23, 2008)
- Investors on record: 1

## About

Simbol Materials is a company focused on the extraction and processing of lithium from brine sources, providing innovative solutions for lithium battery materials and contributing to sustainable energy technologies.Simbol Materials, founded in 2007, is headquartered in Pleasanton, US, and specializes in lithium extraction and processing. In December 2009, the company secured funding from Mohr Davidow Ventures and Firelake Capital Management, totaling USD 6.70 mn, with the latest round being a Venture Debt of USD 1.37 mn.Simbol Materials specializes in lithium extraction and processing, offering a comprehensive range of services that include engineering battery-grade lithium chemicals derived from brine sources. The company employs advanced technologies such as Direct Lithium Extraction (DLE) and provides tailored consulting services across various applications including lithium-ion batteries, project management, and operational feasibility studies. Their clients comprise a diverse range of entities, from junior mining firms to multinational corporations.Simbol Materials generates revenue primarily through consulting agreements and project partnerships within the lithium sector. Their business model encompasses B2B engagements offering specialized consulting and engineering solutions, with revenue streams from project feasibility studies, operational efficiency improvements, and lithium chemical production assessments, structured through fixed-fee contracts or retainer agreements.Simbol Materials plans to leverage recent funding to enhance its lithium extraction technologies and expand its service offerings. The firm aims to penetrate new markets across North America and Asia by 2025, capitalizing on growing demand for sustainable lithium sources. Recent funding will support technological advancements and operational expansions to better serve an increasing client base.

## Funding rounds

- Series A, Jul 23, 2008, $6.7M — Mohr Davidow Ventures

## Investors

- Mohr Davidow Ventures (https://capitalatlas.ai/funds/mohr-davidow-ventures) — Series A