M1neral, an early-stage energy tech startup, transforming the oil and gas minerals space, announced today the close of its oversubscribed pre-seed financing round. The $1.6 million round was co-led by Amnis Ventures and Pheasant Energy, with participation from a handful of select investors and strategic partners.
Like other segments of the oil & gas industry, the mineral space has been “stuck in the dark ages” for far too long and is prime for disruption. Buying and selling of minerals is typically more painful than trying to buy real estate. This fragmented segment is valued at over $500b with over 12 million owners across the United States. Considering the experience and vision of the co-founders, M1neral is poised for great things.
You can check them out at https://m1neral.com/