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Title

The Coming of Age of Venture Capital Investing in the New Fields of the Emerging MOGI Sectors: Part 1.

Authors

Bhattacharya, Jayanta

Abstract

This article explores the increasing trend of venture capital investment in the emerging MOGI (Minerals, Oil, and Gas Integrated) sectors. While venture capital has been instrumental in the success of high-growth startups like Amazon, Apple, and Google, the MOGI industry has been slow to embrace this type of funding, resulting in limited innovation and growth. The article emphasizes the importance of MOGI companies adopting innovation and aligning with macro themes like the energy transition and environmental sustainability to attract venture capital investment. It also highlights notable venture capital activity in the minerals sector, including investments by BHP Ventures and Equinor Ventures. The document provides an overview of various companies and investments in the mining and oil and gas sectors, including BHP Ventures' investment in Ceibo, Lilac Solutions and Mercuria Energy's VC deal in the mining sector, and the technologies of interest to oil and gas majors. The article concludes by mentioning specific companies that have received seed funding, such as Crosstown H2R, Decarice, Elmnts, and Woodford Horizontal Project 75.

Subjects

BUSINESSPEOPLE; VENTURE capital; NATURAL resources; EQUITY stake; NEW business enterprises; ENVIRONMENTAL risk; IRON mining

Publication

Journal of Mines, Metals & Fuels, 2024, Vol 72, Issue 8, p771

ISSN

0022-2755

Publication type

Academic Journal

DOI

10.18311/jmmf/2024/45921