About Binding Solutions
Binding Solutions is an Environment company based in Middlesbrough (United Kingdom) founded in 2016. It operates as a technology for recovering metals from mining waste is provided. It operates in the Environment and Natural Resources sectors. Binding Solutions has raised $26.79 million across 5 funding rounds from investors including Mineral Resources. The company has 16 employees. Binding Solutions was last valued at $75.41 million in September 2022. Binding Solutions offers products and services including Green Steel Technology and Composite Pellet Technology. Its focus areas include Enterprise Applications, Mining Tech, Mineral Recovery from Mining Waste and Mining. Its legal entity is BINDING SOLUTIONS LTD. Its competitors include Phoenix Tailings, GreenIron, BacTech Environmental, EnviroMetal Technologies and Ultromex and 4 more; 3 of its 9 listed competitors have raised funding.
Company details
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.
- Headquarters Middlesbrough, United Kingdom
- Employees 16
- Stage Minicorn
- SectorsEnvironmentNatural Resources
- Email••••••••
- Phone•••• ••••
- Website bindingsolutions.uk
- Social LinkedIn
- Legal Name Binding Solutions Ltd
- Date of Incorporation 26 Sep, 2016
- Jurisdiction MIDDLESBROUGH, ENGLAND
- Total Equity Funding$26.79M (USD)
in 5 rounds
- Latest Funding Round$17.5M (USD), Series B
Aug 2023
- Investors
- Employee Count16
Products & Services of Binding Solutions
Binding Solutions offers a comprehensive portfolio of products and services, including Green Steel Technology and Composite Pellet Technology.
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 $26.79M
- Total Rounds 5
- Last Round Series B — $17.5M
- First Round $1.06M
(Apr 2019)
- Investors Count 1
All 5 funding rounds of Binding Solutions with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2023 | $17.5M | Series B | – | Mineral Resources | – |
| Sep 2022 | $5.02M | Series A | $75.41M | – | – |
| Jun 2021 | $3.07M | Series A | $89.11M | – | – |
| Apr 2020 | $144,233 | Seed | $••••• | – | – |
| Apr 2019 | $1.06M | Seed | $••••• | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2022 | $75.41M | •••••••• |
| Jun 2021 | $89.11M | •••••••• |
| Apr 2020 | $••••• | •••••••• |
| Apr 2019 | $••••• | •••••••• |
Full valuation and stage history of Binding Solutions
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $75.41M (Sep 2022). 1 investors in total: 1 institutional.
Investors in Binding Solutions
Binding Solutions has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Mineral Resources.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Mineral Resources is engaged in mining services and resource extraction. | 1993 | mineralresources.com.au | Applecross, Australia |
Investor details for Binding Solutions
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Timeline of Binding Solutions
4 dated milestones of Binding Solutions across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Binding Solutions is founded.
- Funding First funding round of $1.1M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $17.5M.
Competitors of Binding Solutions
Binding Solutions has 9 listed competitors in our database, 3 of them funded. They include Phoenix Tailings, GreenIron, BacTech Environmental, EnviroMetal Technologies and Ultromex, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| phoenixtailings.com | 2019 | Woburn, United States | $88.47M | – | Mining waste is processed to recover minerals and metals. | |
| greeniron.se | 2018 | Stockholm, Sweden | $5.51M | – | Provider of CO2-free metal production using recycled materials | |
| bactechgreen.com | 2010 | Toronto, Canada | – | 49 | Toxic mining waste is treated using bioleaching technology solutions. | |
| envirometal.com | 2016 | Burnaby, Canada | – | – | Precious metals are recovered using non-cyanide technology solutions. | |
| ultromex.com | 2011 | Birkenhead, United Kingdom | $794,000 | 18 | Innovate UK grant and loan support is provided to businesses. | |
| cvwcleantech.com | 2003 | Calgary, Canada | – | – | Royalty financing is provided to clean technology businesses for decarbonization. | |
| laintech.com | 2006 | Madrid, Spain | – | – | Electrochemical solutions for extracting metals from sulphide concentrates are developed. | |
| athos.bio | 2024 | New York, United States | – | – | Mining waste is converted into industrial materials through biofermentation processes. | |
| r-cycle.fi | 2019 | Hyvinkaa, Finland | – | – | Provider of recovery solutions that enable the extraction of valuable metals from waste materials |
Detailed competitors of Binding Solutions
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Top companies in Waste & Water Management Systems
10 companies that operate in the same segment as Binding Solutions (Waste & Water Management Systems), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Wastewater and energy management services are provided internationally. | 1853 | Aubervilliers, Seine-saint-denis, France | – | USD 52.17 B | 215,040 | |
Sustainable infrastructure solutions in renewable energy are developed and managed. | 1931 | Alcobendas, Comunidad De Madrid, Spain | – | USD 1.9 M | 44 | |
Provider of climate-smart deeptech solutions for renewable energy and sustainable agriculture | 2010 | Pune, Maharashtra, India | USD 76.38 M | USD 56.11 M | 702 | |
Waste collection and management services are provided nationwide. | 1968 | Houston, Texas, United States | – | USD 25.2 B | 61,700 | |
Integrated waste management services are provided nationwide. | 1998 | Phoenix, Arizona, United States | – | USD 16.59 B | 42,000 | |
Provider of smart water purifier rental and maintenance services | 2016 | Bengaluru, Karnataka, India | USD 19.29 M | USD 3.62 M | – | |
Sensor-based sorting and recycling solutions are provided for multiple industries. | 1972 | Asker, Viken, Norway | – | USD 1.53 B | 4,950 | |
Smart water dispensers with flavored options are provided for offices. | 2013 | Boston, Massachusetts, United States | USD 135.53 M | – | 102 | |
Surplus goods are shared among neighbors through a mobile app. | 2015 | London, England, United Kingdom | USD 51.2 M | – | – | |
Water and waste treatment services are provided worldwide. | 1966 | London, England, United Kingdom | – | USD 4.18 B | 9,750 |
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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. The company's 1st funding round was a Seed of $1.06M, raised on Apr 2019.
Binding Solutions has 16 employees.
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.
Binding Solutions operates through Binding Solutions Ltd.