Ceibo, a Chilean mining technology (minetech) company, has secured $30 million in a Series B funding round led by Energy Impact Partners. CoTec Holdings, Audley Capital, Orion Industrial Ventures, Unearth Capital, Khosla Ventures, and Aurus Ventures also participated in the funding. The investment will support Ceibo's plans to construct a test facility, expand its research and development team, and scale its sustainable mining technology. With a current 27% market share in Chile and being one of the world's largest copper producers, Ceibo aims to enhance productivity and contribute to decarbonization in the mining industry.
Summary: Chilean minetech company Ceibo raises $30M in a Series B funding round led by Energy Impact Partners. The investment will fuel Ceibo's expansion, including the construction of a test facility and the development of sustainable mining solutions. With a significant market share and global prominence in copper production, Ceibo aims to drive productivity and contribute to decarbonization efforts in the mining sector.