About Open Mineral
Open Mineral is a company based in Baar (Switzerland) founded in 2017 by Ilya Chernilovskiy and Boris Eykher.. Open Mineral has raised $40.75 million across 3 funding rounds from investors including Mubadala, Goldcorp and Lingfeng Capital. Open Mineral operates in a competitive market with competitors including Axora, Zhaomei, Coalurja, OpenMinex and UGLEX, among others.
- Headquarter Baar, Switzerland
- Founders Ilya Chernilovskiy, Boris Eykher
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Sectors
Natural Resources
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Open Mineral Limited
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Annual Revenue
$1.84 M (USD)26as on Dec 31, 2023
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Net Profit
$68.42 K (USD)21as on Dec 31, 2023
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EBITDA
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Total Equity Funding
$40.75 M (USD)
in 3 rounds
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Latest Funding Round
$33 M (USD), Series C
Sep 16, 2021
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Investors
Mubadala
& 6 more
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Employee Count
Employee Count
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Funding Insights of Open Mineral
Open Mineral has successfully raised a total of $40.75M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $33 million completed in September 2021. 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 3
- Last Round Series C — $33.0M
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First Round
First Round
(19 Apr 2018)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Series C - Open Mineral | Valuation | Mubadala | |
| Nov, 2018 | Amount | Series B - Open Mineral | Valuation | Emerald Technology Ventures | |
| Apr, 2018 | Amount | Seed - Open Mineral | Valuation |
investors |
| 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 Open Mineral
Open Mineral has secured backing from 7 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Mubadala, Goldcorp and Lingfeng Capital. 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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Lingfeng Capital is engaged in private equity fund management.
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Founded Year | Domain | Location | |
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Sustainable industrial innovation is supported through venture capital investments.
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Founded Year | Domain | Location | |
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Early-stage startups are funded across sectors by Xploration Capital.
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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 Open Mineral
| 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 - Open Mineral
| 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 |
Open Mineral Comparisons
Competitors of Open Mineral
Open Mineral 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 Axora, Zhaomei, Coalurja, OpenMinex and UGLEX, 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 |
Provider of digital transformation services
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| domain | founded_year | HQ Location |
B2B eCommerce platform for coal transactions is operated.
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| domain | founded_year | HQ Location |
A digital marketplace facilitating the trading of coal products.
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| domain | founded_year | HQ Location |
Digital platform for sourcing, marketing, and trading mineral commodities online.
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| domain | founded_year | HQ Location |
Operates as an online marketplace for coal trading.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Open Mineral
Frequently Asked Questions about Open Mineral
When was Open Mineral founded?
Open Mineral was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Open Mineral located?
Open Mineral is headquartered in Baar, Switzerland. It is registered at Baar, Zug, Switzerland.
Who is the current CEO of Open Mineral?
Boris Eykher is the current CEO of Open Mineral. They have also founded this company.
Is Open Mineral a funded company?
Open Mineral is a funded company, having raised a total of $40.75M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2.25M, raised on Apr 19, 2018.
What is the annual revenue of Open Mineral?
Annual revenue of Open Mineral is $1.84M as on Dec 31, 2023.
What does Open Mineral do?
Open Mineral was founded in 2017 in Baar, Switzerland, as a cloud-based exchange focused on the commodities sector. Physical base metals and raw materials, including zinc, lead, copper, gold, and silver, are traded through the platform. Analytical tools are provided to support contract negotiations and execution, with operations aimed at improving efficiency and profitability for market participants.
Who are the top competitors of Open Mineral?
Who are Open Mineral's investors?
Open Mineral has 7 investors. Key investors include Mubadala, Goldcorp, Lingfeng Capital, Emerald Technology Ventures, and Xploration Capital.