About Open Mineral
Open Mineral is a Natural Resources company based in Baar (Switzerland) founded in 2017 by Ilya Chernilovskiy and Boris Eykher. It operates as a digital platform for trading base metal raw materials and secondary products. Open Mineral has raised $40.75 million across 3 funding rounds from investors including Mubadala, Goldcorp and Lingfeng Capital. Its chief executive is Boris Eykher. Its focus areas include Enterprise Applications, Mining Tech, Minerals Marketplace and Mining. Its legal entity is OPEN MINERAL LIMITED. Its competitors include Axora, Zhaomei, Coalurja, OpenMinex and UGLEX and 1 more; 2 of its 6 listed competitors have raised funding.
Company details
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.
- Headquarters Baar, Switzerland
- Founders Ilya Chernilovskiy, Boris Eykher
- SectorsNatural Resources
- Phone•••• ••••
- Website openmineral.com
- Social LinkedIn X
- Legal Name Open Mineral Limited
- Annual Revenue$1.84 M (USD)26as on Dec 31, 2023
- Net Profit$68.42 K (USD)21as on Dec 31, 2023
- Total Equity Funding$40.75M (USD)
in 3 rounds
- Latest Funding Round$33M (USD), Series C
Sep 2021
- InvestorsMubadala
& 6 more
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 $40.75M
- Total Rounds 3
- Last Round Series C — $33M
- First Round $2.25M
(Apr 2018)
- Investors Count 7
All 3 funding rounds of Open Mineral 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 |
|---|---|---|---|---|---|
| Sep 2021 | $33M | Series C | – | Mubadala | |
| Nov 2018 | $5.5M | Series B | – | Emerald Technology Ventures | |
| Apr 2018 | $2.25M | Seed | – | – |
7 investors in total: 6 institutional and 1 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Lingfeng Capital is engaged in private equity fund management. | 2019 | lingfengcap.com | Beijing, China | |
Sustainable industrial innovation is supported through venture capital investments. | – | emerald.vc | Zurich, Switzerland | |
Early-stage startups are funded across sectors by Xploration Capital. | – | xplorationcapital.com | London, United Kingdom | |
Venture capital firm investing in tech sectors | – | statkraftventures.com | Dusseldorf, Germany | |
Sovereign wealth fund of United Arab Emirates | 2002 | mubadala.com | Abu Dhabi, United Arab Emirates | |
Gold production company | 1994 | goldcorp.com | Vancouver, Canada | |
IK Igor Kim | Angel investor and entrepreneur, co-founder of Xpressbees, focused on logistics and tech. | – | unknown_282d0b2e33cd4bceb | - |
Investor details for Open Mineral
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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- Round participation
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People of Open Mineral
24 people are tracked at Open Mineral (11 in leadership, 13 in team).
| Name | Role | Group |
|---|---|---|
Ilya Chernilovskiy | Co-Founder | Leadership |
Boris Eykher | Co-Founder & CEO | Leadership |
David Alacid | Head of Operations | Leadership |
Nika Kuznetsova (Kryachko) | Chief Of Staff To The Member Of The Bod | Leadership |
Tonguç Coşkun | General Manager | Leadership |
Yerden Akashev | Head Of Business Development Projects | Leadership |
Alejandro Skidelsky | Head of Legal and Compliance | Leadership |
Vijay Philip | Head of Business Development | Leadership |
Natig G. | Head of M&A | Leadership |
Edouard Penot | Head Of Africa Metals And Minerals Trading | Leadership |
Katja Ruggli | Head of Accounting and Controlling | Leadership |
Elizaveta Yakubets | Lithium Business Development | Team |
Roger Steiner | Traffic-manager, Marine Insurance And Quality Control | Team |
Juan Fernando Sanchez Perez | Country Manager /Commodities Trader | Team |
Sara El Ali | Global Human Resources Manager | Team |
Irina Suprun | Business Analyst | Team |
Maxim S. | Risk Management | Team |
洋 于 | Business Development Manager | Team |
Dmitry Gurin | Senior Product Manager | Team |
Elena Pokras | Business Analyst | Team |
4 more people are available in the full profile.
Complete people profiles for Open Mineral
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Open Mineral
3 dated milestones of Open Mineral across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Open Mineral is founded.
- Funding First funding round of $2.2M.
- Funding Latest funding round, Series C, of $33.0M.
Competitors of Open Mineral
Open Mineral has 6 listed competitors in our database, 2 of them funded. They include Axora, Zhaomei, Coalurja, OpenMinex and UGLEX, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| axora.com | 2019 | London, United Kingdom | $20.8M | 98 | Provider of digital transformation services | |
| zhaomei.com | 2015 | Hangzhou, China | $4.93M | – | B2B eCommerce platform for coal transactions is operated. | |
| coalurja.com | 2022 | Rajkot, India | – | – | A digital marketplace facilitating the trading of coal products. | |
| openminex.com | 2018 | Hurlingham, Argentina | – | – | Digital platform for sourcing, marketing, and trading mineral commodities online. | |
| uglex.com | 2012 | Australia | – | – | Operates as an online marketplace for coal trading. | |
| oresmetal.com | 2022 | Iceland | – | – | Operates an online marketplace for buying and selling minerals and metal concentrates. |
Detailed competitors of Open Mineral
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Open Mineral
The website of Open Mineral (openmineral.com) receives about 2.1K visits a month.
- Monthly visits2.1K
▼ 34.4% vs previous month
Top companies in Mining Tech
10 companies that operate in the same segment as Open Mineral (Mining Tech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Tech minerals are explored using statistical modeling and big data. | 2018 | Berkeley, California, United States | USD 1.22 B | – | 367 | |
Provider of cloud-driven IoT-based real-time traffic monitoring & analytics solution | 2008 | Barcelona, Catalonia, Spain | USD 9.42 M | – | – | |
Cloud-based QEHS and operational risk software is provided. | 1999 | Chicago, Illinois, United States | USD 26.5 M | USD 6.02 M | 268 | |
SaaS-driven BIM and 3D modeling solutions are offered for construction. | 1981 | Velizy-villacoublay, Ile-de-france, France | – | USD 7.33 B | 25,000 | |
Sustainable lithium extraction is enabled by a proprietary process. | 2018 | Calgary, Alberta, Canada | USD 95.67 M | – | – | |
Mining waste is processed to recover minerals and metals. | 2019 | Woburn, Massachusetts, United States | USD 118.47 M | – | – | |
AI-powered solutions for metals and minerals exploration are delivered online. | 2016 | San Mateo, California, United States | USD 43.37 M | – | – | |
AI-based subsurface mapping services are provided by Exodigo. | 2020 | Israel | USD 271 M | – | – | |
Modular scalable lithium refining technology is developed for battery-grade production. | 2013 | Vancouver, British Columbia, Canada | USD 46.5 M | – | 13 | |
Technology for recovering metals from mining waste is provided. | 2016 | Middlesbrough, England, United Kingdom | USD 26.79 M | – | 16 |
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Frequently Asked Questions about Open Mineral
Open Mineral was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Open Mineral is headquartered in Baar, Switzerland. It is registered at Baar, Zug, Switzerland.
Boris Eykher is the current CEO of Open Mineral. They have also founded this 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 2018.
Annual revenue of Open Mineral is $1.84M as on Dec 31, 2023.
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.
Open Mineral has 7 investors. Key investors include Mubadala, Goldcorp, Lingfeng Capital, Emerald Technology Ventures, and Xploration Capital.
Open Mineral operates through Open Mineral Limited.