Binding Solutions

Middlesbrough, United Kingdom Founded: 2016 • Age: 10 yrs
Technology for recovering metals from mining waste is provided.
Annual revenue - Latest available
Total funding $26.8M 5 rounds
Employees 16 Tracked headcount
Investors 1 Known backers
Products 2 Services tracked
Competitors 10 Brand Intelligence

About Binding Solutions

Binding Solutions is a company based in Middlesbrough (United Kingdom) founded in 2016. Binding Solutions has raised $26.79 million across 5 funding rounds from investors including Mineral Resources. The company has 16 employees as of January 31, 2021. Binding Solutions offers products and services including Green Steel Technology and Composite Pellet Technology. Binding Solutions operates in a competitive market with competitors including Phoenix Tailings, GreenIron, BacTech Environmental, EnviroMetal Technologies and Ultromex, among others.

  • Headquarter Middlesbrough, United Kingdom
  • Employees 16 as on 31 Jan, 2021
  • Stage Minicorn
  • Sectors
    Environment
    Natural Resources
  • Email
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  • Phone
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  • Website
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  • Social
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  • Legal Name Binding Solutions Ltd
  • Date of Incorporation 26 Sep, 2016
  • Jurisdiction MIDDLESBROUGH, ENGLAND
Operational Areas
Environment → Environmental Management & Pollution Control Unlock Sub-Sector Unlock Segment
Natural Resources → Mining & Quarrying Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $26.79 M (USD)

    in 5 rounds

  • Latest Funding Round
    $17.5 M (USD), Series B

    Aug 03, 2023

  • Investors
  • Employee Count
    16

    as on Jan 31, 2021

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Products & Services of Binding Solutions

Binding Solutions offers a comprehensive portfolio of products and services, including Green Steel Technology and Composite Pellet Technology.

Product name locked
Category locked
Primary

Reduces emissions and energy use in steel production processes

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Develops low-carbon pellets for hydrogen-based steel making

Funding Insights of Binding Solutions

Binding Solutions has successfully raised a total of $26.79M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $17.5 million completed in August 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

Investors in Binding Solutions

Binding Solutions has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Mineral Resources.

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Institutional
Investor Description Founded Year Domain Location
Mineral Resources is engaged in mining services and resource extraction.
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Investor details for Binding Solutions

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Investments & Acquisitions by Binding Solutions

Investments
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Investment portfolio details for Binding Solutions

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  • Transaction dates
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Financial Statements - Binding Solutions

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Detailed financials for Binding Solutions

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Binding Solutions Comparisons

Binding Solutions Primary company
Description
Technology for recovering metals from mining waste is provid...
Location
Middlesbrough, United Kingdom
Founded Year
2016
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
16
As of 2021
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Peer comparison for Binding Solutions

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Competitors of Binding Solutions

Binding Solutions operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Phoenix Tailings, GreenIron, BacTech Environmental, EnviroMetal Technologies and Ultromex, among others.

Company Name Domain Founded year HQ Location Description
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Mining waste is processed to recover minerals and metals.
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Provider of CO2-free metal production using recycled materials
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Toxic mining waste is treated using bioleaching technology solutions.
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Precious metals are recovered using non-cyanide technology solutions.
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Innovate UK grant and loan support is provided to businesses.
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Detailed competitors of Binding Solutions

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Latest news on Binding Solutions

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Complete news archive for Binding Solutions

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Frequently Asked Questions about Binding Solutions

Binding Solutions was founded in 2016 and raised its 1st funding round 3 years after it was founded.

Binding Solutions is headquartered in Middlesbrough, United Kingdom. It is registered at Middlesbrough, England, United Kingdom.

Binding Solutions is a funded company, having raised a total of $26.79M across 5 funding rounds to date.

As of Jan 31, 2021, the latest employee count at Binding Solutions is 16.

Binding Solutions was founded in 2016 and is based in Middlesbrough, United Kingdom. Technology is offered by the company for recovering metals from mining waste and converting primary iron ore along with waste materials from mines and metal production into solid forms. Operations focus on enabling waste monetization and decarbonization solutions within the metal production sector.

Binding Solutions's top competitors include Phoenix Tailings, GreenIron and BacTech Environmental.

Binding Solutions offers Green Steel Technology and Composite Pellet Technology.

Binding Solutions has 1 investor. Key investors include Mineral Resources.

The valuation of Binding Solutions is $75.41M as of Sep 2022.

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