Participated · Seed · Jul 2026

Fast Metals applies a multi-step chemical process—developed by co-founder Sumedh Gostu during his doctoral studies—to red mud, a caustic alumina-refining byproduct, using an additional refinery waste stream to make extraction economical. The process separates iron and sequentially precipitates other valuable minerals, including titanium, aluminum and rare earth elements such as scandium. The company says iron sales cover operating expenses while higher-value products (titanium dioxide, scandium oxide) generate profit; the article cites market prices as context (around $2.50–$3/kg for titanium dioxide and ~$750/kg for scandium oxide). Fast Metals plans to scale up with proceeds from its pre-seed round and has secured a commercial contract with Metalox to treat one ton per week later this year. The founding team includes CEO and co-founder Sumedh Gostu and co-founder Anthony Staley.

Participated · Seed · Apr 2026

Terra AI develops a patented AI platform that fuses geophysics, geochemistry, and drilling data to produce geologically realistic, probabilistic 3D models of the subsurface. Its technology generates millions of geological models and includes a geology reasoning agent to help operators create optimized exploration and drilling plans. The platform is positioned to compress the time and capital required to define deposits and reservoirs, with applications across copper, gold, rare earth elements, reservoirs, enhanced geothermal, and carbon storage. Terra AI reports early commercial customers and demonstrated modeling capabilities from early exploration through production. The company says its approach enables mapping assets and uncertainty in minutes and supports faster, lower-cost decision-making for resource development. Terra AI is headquartered in Palo Alto, California.

Led · Equity · Nov 2025

Calix focuses on industrial decarbonisation technologies, and its flagship Zesty process combines electrically powered kilns with hydrogen reduction to create low-carbon iron and, ultimately, steel. The technology is designed to work with the Pilbara region’s lower-grade iron ore, potentially opening a massive resource base to green steelmaking. Calix’s next milestone is the construction of a demonstration plant in Western Australia under a joint development agreement with Rio Tinto. The plant will showcase commercial-scale Zesty operation and validate cost and emissions targets. To finance this, Calix secured staged funding commitments from Rio Tinto alongside a large grant from the Australian Renewable Energy Agency (ARENA). These non-dilutive and strategic funds give Calix the capital to advance toward pilot production without revealing any current revenue or customer metrics. Longer term, the firm aims to license or partner its Zesty technology across the global steel value chain.

Participated · Equity · Sep 2025

Founded in 2020 out of research conducted at the Institut Néel (CNRS) and incubated by SATT Linksium, Moïz develops energy-harvesting technology that converts waste heat from industrial equipment into electricity for connected sensors. Its devices enable fully autonomous, battery-free monitoring solutions, cutting both environmental impact and installation or maintenance costs for heavy-industry clients such as Rio Tinto, with whom it has worked since 2021. The company’s first generation of sensors targets the digitalisation and decarbonisation of industrial sites by providing reliable data acquisition in harsh environments. With fresh capital, Moïz plans to accelerate the industrialisation of these products, expand international market reach, and advance R&D on silicon-integrated thermal energy recovery technologies. The startup will also strengthen its R&D team through approximately ten new hires over the next twelve months. To date, Moïz has secured €3 million in external funding, including €1.1 million in equity, to finance these growth initiatives.

Participated · Series B · Jul 2025

GeologicAI combines a suite of sensors with advanced machine learning and High-Resolution Decision Engineering to scan and analyze drill core in real time. Its core scanning technology captures high-resolution data that, when paired with purpose-built AI models and deep domain expertise, gives geologists, minerals strategists and investors faster and more accurate insights. The platform is in use across exploration and development projects on five continents, helping mining leaders improve discovery rates, lower costs, and speed resource decisions. The company announced a $44 million US Dollar Series B to support scaling and technology expansion. Planned uses of the funding include scaling globally, expanding proprietary AI and sensor technologies, and deepening presence in key mining jurisdictions. GeologicAI positions its tools as a way to improve exploration efficiency and reduce environmental impact as demand for critical minerals grows. GeologicAI develops an integrated digital rock analytics platform that combines hardware, software, and advanced machine learning to analyze core samples. Its proprietary core-scanning robot captures high-resolution multi-sensor data and uses machine vision and AI algorithms to convert scans into key rock properties. The platform's cloud-based digital rock viewing and analysis software provides AI-enhanced digital rock twins and automated digital geoscience workflows. This approach reduces the need for costly laboratory testing and subjective manual interpretation. GeologicAI is working with leading mining and exploration companies and is deploying robots globally. The company is accelerating global expansion, with a robot en route to Australia and additional units being prepared for shipment to Finland, Brazil, and Chile. Financially, the company announced an additional US$10M from Export Development Canada as an extension to its Series A, bringing the total round to US$30M. GeologicAI operates field-deployable core-scanning systems that combine multiple sensors (X-rays, spectroscopes, lasers, cameras) with machine learning to process large volumes of drill core on-site. It offers two tech packages: a trailerized system and a lighter airliftable unit for remote mines. The trailer contains a rack of seven servers (each with 10 compute cores) and 192 TB of total storage so all processing can happen in the field; the company aims to return results within 24–48 hours. Scan data remains the property of the miner, while GeologicAI can use derived refinements to update its models. The startup pivoted from oil-and-gas consulting after participating in Creative Destruction Labs and lowered its costs to scale for mining customers. Its service targets faster exploration of battery-relevant minerals such as lithium, nickel, cobalt and manganese. GeologicAI is headquartered in Calgary, Canada, and has moved from consultancy work to a scalable AI-and-hardware offering.