Mubadala in Open Mineral $33m Series C investment round. The advisors
Switzerland based Open Mineral has raised $33 million led by Abu Dhabi’s sovereign wealth fund, Mubadala Investment Company, to accelerate growth of its global digital trade platform for base metal commodities. Existing investors Xploration Capital and Emerald Technology Ventures were joined by new investors Statkraft Ventures and Lingfeng Capital in the Series C round.
The metal raw commodities market is a $200 billion space, with most of its participants still trading via paper documents. Open Mineral will use the capital to continue to accelerate its growth, solidify its physical supply chain merchant activities, and advance its position in digitizing metal raw material trading.
The advisors
Bär & Karrer acted as legal advisor to Mubadala in this transaction. The team was co-led by partner Christoph Neeracher (m&a, pictured left) and partner Raphael Annasohn (m&a, pictured right) and included associate Lukas Bründler and junior associate Lazar Lepir (both m&a), senior counsel Urs Brügger (banking/regulatory), partner Markus Wang and associate Jonas Bornhauser (both ip/it) as well as partner Laura Widmer and associate Laura Rubeli (both employment).
Schellenberg Wittmer advised Open Mineral. The team consisted of partner Oliver Triebold (overall lead, pictured left), senior associate Marcel Jakob and Filip Majernik (all corporate/m&a).
