Open Mineral AG
Open Mineral is a global metal trader specializing in procurement, financing, logistics, and distribution of raw and refined metals. Founded in 2016 by former Glencore traders, it leverages advanced AI, machine learning, and data analytics to create value through physical and paper trading. The company operates globally with offices in 14 countries including Switzerland and Abu Dhabi, focusing on metals critical to the energy transition. Open Mineral has developed a profitable trading book and strategic partnerships, recognized as an industry innovator with awards from the World Economic Forum and S&P Global Platts. Its business model includes physical commodity trading combined with AI-driven data solutions and investor funds targeting metals derivatives and critical minerals.
Open Mineral AG
Open Mineral is a global metal trader specializing in procurement, financing, logistics, and distribution of raw and refined metals. Founded in 2016 by former Glencore traders, it leverages advanced AI, machine learning, and data analytics to create value through physical and paper trading. The company operates globally with offices in 14 countries including Switzerland and Abu Dhabi, focusing on metals critical to the energy transition. Open Mineral has developed a profitable trading book and strategic partnerships, recognized as an industry innovator with awards from the World Economic Forum and S&P Global Platts. Its business model includes physical commodity trading combined with AI-driven data solutions and investor funds targeting metals derivatives and critical minerals.
TL;DR
What they do: Technology-driven global metals trader combining physical trading with AI/data products
Founded: 2016
HQ: Zug/Baar, Switzerland
Team size (evidence): 77 employees
Recent notable funding: $33M Series C (led by Mubadala, Sep 16, 2021)
Company Overview
Problem Domain
Inefficiencies in physical metals trading, procurement, pricing and logistics; need for data-driven decisioning in commodity markets.
Founded
2016
Industry
Commodities / Metals Trading; Fintech/Trading Technology
Tech Stack
Funding Track Record
33,000,000
Series C announced to accelerate growth of global digital trade platform
Investor Signal
“Raised strategic growth capital from Mubadala and participation from investors including Xploration Capital, Emerald Technology Ventures, Statkraft Ventures, and Lingfeng Capital”