JP Morgan helps MineSense raise $42m to close copper gap
December 7, 2022
JPMorgan Invests in Sustainability-Focused Mining Tech Startup MineSense
December 9, 2022
MineSense Technologies Ltd has announced that it has closed a US$42 million Series E financing led by J.P. Morgan asset management’s sustainable growth equity team, with participation from new investorEvok Innovations, a climate technology and sustainability venture fund, and existing investors including Prelude Ventures, BDC Industrial Innovation Venture Fund, Cycle Capital and Chrysalix Venture Capital.

MineSense is pioneering data-driven solutions that improve ore grade control, operational profitability and carbon intensity across the metals mining industry, with an initial focus on copper – a critical component for supporting the transition to a low-carbon economy. Mining companies are increasingly choosing MineSense’s technologies to maximise ore recovery, minimise dilution, and enhance operational sustainability.

The company has tripled revenue over the last year, and was recently recognised as one of the fastest growing companies in North America by Deloitte. MineSense will use the funding to accelerate the commercial deployment of its solutions to drive further growth and profitability. The transition to a low-carbon economy will require abundant access to sustainably-mined minerals critical for electrification, energy generation, and storage components.



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