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Open Mineral: Raises $33m for metal commodity trading platform

Open Mineral: Raises $33m for metal commodity trading platform

  • Open Mineral advance the trade of base metal raw materials and secondary products using technology and analytics
  • Raised $33 million in a Series C funding round led by Mubadala Investment Company
  • Xploration Capital, Emerald Technology Ventures, Statkraft Ventures, and Lingfeng Capital joined the round
  • The metal raw commodities market is a $200 billion space, with most of its participants still trading via paper documents
  • Company looking to upend this, registering over 900 metals and mining companies to its digital platform
  • The company developed proprietary pricing algorithms it says drive broader value creation through the commodity supply chain
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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