What is MineSense?
MineSense, headquartered in Vancouver, British Columbia, is at the forefront of digital transformation in the mining sector. Founded in 2008, the company provides a fast, scalable, and robust mineral sensing platform that enables precise grade control and ore routing decisions at the point of extraction. By maximizing resource conversion and metal recovery, MineSense delivers transformational value, supporting sustainable performance through the reduction of water, energy, and reagent consumption while simultaneously increasing revenue. Its commercial operations span North and South America, with a strategic global expansion underway.
How much funding has MineSense raised?
MineSense has raised a total of $68.8M across 6 funding rounds:
Private Equity
$2.5M
Private Equity
$4.8M
Debt
$954K
Private Equity
$14.5M
Private Equity
$4M
Series E
$42M
Private Equity (2013): $2.5M, investors not publicly disclosed
Private Equity (2014): $4.8M, investors not publicly disclosed
Debt (2016): $954K, investors not publicly disclosed
Private Equity (2017): $14.5M featuring Export Development Canada, Prelude Ventures, Chrysalix Venture Capital, Aurus Ventures, and Cycle Capital Management
Private Equity (2018): $4M backed by Mitsubishi International Corporation
Series E (2022): $42M with participation from Evok Innovations, Cycle Capital Management, Chrysalix Venture Capital, BDC Industrial Innovation Venture Fund, Prelude Ventures, and J.P. Morgan Asset Management
Key Investors in MineSense
Evok Innovations
Evok Innovations is a climate-focused venture capital firm that invests in hard tech solutions for heavy industry, partnering with entrepreneurs to scale transformative technologies in energy, critical minerals, and industrial optimization.
Cycle Capital Management
Cycle Capital is a venture capital firm focused on building innovative clean technology companies globally, managing investment funds in North America and Europe and targeting sectors such as DeepTech and circular innovation.
Prelude Ventures
Prelude Ventures is an investment firm supporting early-stage startups with significant potential to mitigate climate change, prioritizing sectors including built environment, carbon management, and energy.
What's next for MineSense?
With its latest major strategic investment, MineSense is poised for accelerated growth and innovation. The substantial capital infusion, part of its $68.8M in total financing, will likely fuel further development of its sensor-based ore sorting technology and data analytics capabilities. This funding positions MineSense to deepen its impact on sustainable mining practices, enhancing operational efficiency and metal recovery for mines worldwide. The company's trajectory suggests a focus on scaling its global presence and forging new partnerships within the enterprise mining ecosystem.
See full MineSense company page
