Ceibo, a Santiago, Chile-based advanced copper extraction technology company, raised $30M in Series B funding.
The round was led by Energy Impact Partners, with participation from CoTec Holdings, Audley, Orion Resources, Unearth and Pincus Green along with existing investors Khosla Ventures and Aurus Ventures.
The company intends to use the funds to accelerate the scale-up of its proprietary technology, drive several on-site trials and prove the technologyās value and versatility at scale.
Led by CEO CristĆ³bal Undurraga, Ceibo is developing advanced technologies to increase the production of copper and other critical minerals, while achieving more sustainable operations for mining companies. It has developed a set of clean technologies that have been scaled up and are being operated by its team at some of the largest mines in the world, bringing more efficient operations and a positive environmental impact.
The technology targets Chalcopyrite and other refractory Copper minerals which hold 70%+ of known copper reserves. The company has a 50-person workforce which is comprised of scientists, engineers and mining operators.
FinSMEs
01/06/2023