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TechMet received an initial investment of $180M from Qatar Investment Authority to secure responsibly sourced critical minerals.

Aug 07, 2024•11 months ago

Amount Raised

$180

LondonMining

Investors

Qatar Investment Authority

Description

The Qatar Investment Authority (QIA) announced today an initial investment of $180 million in TechMet, showcasing QIA's commitment to securing critical minerals from responsibly managed sources.

Company Information

Company

TechMet

Location

London, England, United Kingdom

About

TechMet is a private investment company that is building projects to secure the supply of the key metals critical to the future growth of EVs, Energy Storage and Renewable Energy. TechMet currently holds interests in both production and development assets in Africa, North America, and South America.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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