Novamera Closes $5 Million Series A Financing To Advance Its Precision Mining Solution – Sustainable Mining By Drilling
Novamera Closes $5 Million Series A Financing To Advance Its Precision Mining Solution – Sustainable Mining By Drilling
07/27/21, 4:38 PM
Location
oakvilleMoney raised
$5 million
Round Type
series a
Novamera Inc. (“Novamera” or the “Company”) is pleased to announce that the Company has closed its $5 million Series A financing round (the “Financing”). BDC Capital’s Industrial Innovation Venture Fund was the lead investor and Chrysalix Venture Capital also participated with a follow-on investment through the Chrysalix RoboValley Fund. In addition, management and other private investors participated.
Company Info
Location
oakville, iowa, united states
Additional Info
A venture capital backed company, Novamera is developing “keyhole surgery” for mining, an innovative clean technology and process that will be able to mine the numerous small-scale narrow vein mineral deposits found worldwide more safely, economically, and sustainably using unique downhole sensors, machine learning algorithms and industry proven drilling technology.