Law Squared assists Plotlogic with Series A

Law Squared is proud to have recently assisted Australian mining technology company, Plotlogic, with its $25 million Series A capital raising and concurrent reincorporation into the United States. 

The funding round was led by Silicon Valley venture capital fund Innovation Endeavours, with additional backing from BHP Ventures, DCVC, Baidu Ventures, Bentley iTwin Ventures and GRIDS Capital.

Plotlogic is a global technology company that allows mine operators to precisely understand the location and material properties of every rock in their mine, in real-time.

They have helped some of the world's top mining companies utilise this precision ore-body knowledge to make better decisions, improve ore recovery, reduce dilution and enhance environmental and social governance performance.

Plotlogic founder Dr Andrew Job, who comes from a background assisting mine operations for the likes of Rio Tinto, is thrilled to have closed the funding round and to have the support of new investors as he looks to continue to grow and scale the company.

Plotlogic founder Dr Andrew Job, is thrilled to have closed the funding round and to have the support of new investors.

“It was great to work with Esteban and Shaun as we scale the Plotlogic business into the US and beyond,” Andrew said.

“Their excellent insights, pragmatic advice and drive helped make this transformational transaction a success.”

Law Squared’s Esteban Gomez was equally as excited after working closely with the Andrew and the Plotlogic team to close the round.

“Given the complex nature of the deal involving both a reincorporation into the United States and a concurrent capital raising, we are proud to be able to deliver the best possible outcome for our clients,” Esteban said.

“It has been a fantastic journey working with and also building a relationship with the Plotlogic team, and I am very much looking forward to seeing them continue to thrive.”

The entire Law Squared team would like to congratulate the team at Plotlogic on the raise and we look forward to continuing to work with the Plotlogic team going forward.