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New Deal


Announced

Completed

JP Morgan AM led a $42m Series E funding round in MineSense.

Financials

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Transaction Value£34m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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data analytics

Completed

Canada

Information / Data Services

Productivity Software

Software

Venture Capital

Friendly

Private

Cross Border

Acquisition

Private Equity

Minority

Synopsis

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JP Morgan Asset Management, an asset manager for individuals, advisors and institutions, led a $42m Series E funding round in MineSense, a developer of a data analytics platform designed to monitor and improve the productivity and recovery of mines, with participation from Evok Innovations, Prelude Ventures, BDC Industrial Innovation Venture Fund, Cycle Capital and Chrysalix Venture Capital. “MineSense is a distinctive example of how innovative climate technology companies are meeting the challenge of transforming industry to support the low carbon transition. We look forward to partnering with MineSense, and adding value through JP Morgan’s global client network, best-in-class research and data capabilities, and substantial sustainability resources," Osei Van Horne, JP Morgan Co-Managing Partner of Sustainable Growth Equity.

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