Metalex, a U.S. mining and metals company operating across the African continent, has raised $2 million in a seed funding round.
Endura Capital Management led the round and it also entered into a strategic partnership with Metalex to form the $10 million Endura Metalex African Opportunities Fund.
Moreover, the fresh joint venture will provide trade finance for Metalex’s operations in its key markets.
Metalex will use the capital to expand its metal processing operations, enhance its technology platform, and grow its team.