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
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Sectors
EnvironmentNatural Resources
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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
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$26.79 M (USD)
in 5 rounds
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Latest Funding Round
$17.5 M (USD), Series B
Aug 03, 2023
- Investors
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Reduces emissions and energy use in steel production processes
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.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series B — $17.5M
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First Round
First Round
(05 Apr 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2023 | Amount | Series B - Binding Solutions | Valuation | Mineral Resources |
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| Sep, 2022 | Amount | Series A - Binding Solutions | Valuation |
investors |
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| Jun, 2021 | Amount | Series A - Binding Solutions | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Binding Solutions
Binding Solutions has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Mineral Resources. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Mineral Resources is engaged in mining services and resource extraction.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Binding Solutions
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Binding Solutions
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Binding Solutions Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Mining waste is processed to recover minerals and metals.
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| domain | founded_year | HQ Location |
Provider of CO2-free metal production using recycled materials
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| domain | founded_year | HQ Location |
Toxic mining waste is treated using bioleaching technology solutions.
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| domain | founded_year | HQ Location |
Precious metals are recovered using non-cyanide technology solutions.
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| domain | founded_year | HQ Location |
Innovate UK grant and loan support is provided to businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Binding Solutions
Frequently Asked Questions about Binding Solutions
When was Binding Solutions founded?
Binding Solutions was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Where is Binding Solutions located?
Binding Solutions is headquartered in Middlesbrough, United Kingdom. It is registered at Middlesbrough, England, United Kingdom.
Is Binding Solutions a funded company?
Binding Solutions is a funded company, having raised a total of $26.79M across 5 funding rounds to date. The company's 1st funding round was a Series A of $3.07M, raised on Apr 05, 2019.
How many employees does Binding Solutions have?
As of Jan 31, 2021, the latest employee count at Binding Solutions is 16.
What does Binding Solutions do?
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.
Who are the top competitors of Binding Solutions?
Binding Solutions's top competitors include Phoenix Tailings, GreenIron and BacTech Environmental.
What products or services does Binding Solutions offer?
Binding Solutions offers Green Steel Technology and Composite Pellet Technology.
Who are Binding Solutions's investors?
Binding Solutions has 1 investor. Key investors include Mineral Resources.
What is Binding Solutions's valuation?
The valuation of Binding Solutions is $75.41M as of Sep 2022.