pH7 Technologies, a Vancouver-based startup specialising in sustainable metal extraction, has announced that it has successfully raised $16 M. The series A funding round saw participation from prominent investors like TDK Ventures, Pangea Ventures, BASF Venture Capital, FM Capital, Collaborative Fund, and Rhapsody Ventures.
pH7 Technologies has developed an environmentally friendly and sustainable closed-loop metal extraction process, potentially empowering the metal transition necessary for the next generation of global electrification. The demand for critical metals and minerals used in modern technologies is projected to increase by as much as 500%. Still, acquiring and extracting these materials is often environmentally detrimental, possesses limited scalability, and is complicated by dynamic geopolitical issues due to unequal global distribution. pH7 Technologies’ innovative metal-extraction process utilising non-toxic organic and inorganic chemistry and electrochemistry can efficiently extract metals and key minerals from low-grade resources or difficult substrates.
“Our team is thrilled to have the support of our co-lead investors, TDK Ventures and Pangaea Ventures, as well as other new investors like Rhapsody Ventures, Collaborative Fund, FM Capital, and BASF Venture Capital, who will work with us to scale our sustainable metal-extraction process. We are committed to developing environmentally responsible solutions that address the challenges in the metal supply chain, and we believe that our technology can help accelerate the global transition to a more sustainable energy future.”
Mohammad Doostmohammadi, CEO of pH7 Technologies.
