M1neral, a Houston, TX-based early-stage energy tech startup, closed its $1.6m pre-seed financing.
The round was co-led by Amnis Ventures and Pheasant Energy, with participation from other investors and strategic partners.
The company intends to use the funds to continue to expand its development efforts.
Co-founded by Jacob Avery, Kyle Chapman, and Shawn Cutter, M1neral has nearly completed building its cloud-based transaction management platform for minerals and royalties.
The company’s platform offers a spatial search tool to identify opportunities and promote collaboration amongst all parties in the transaction process – from buyers and sellers to service providers and financial institutions.