💫 Benchmark Mineral Intelligence - the world’s leading provider of independent prices, data, and advisory services for the lithium ion battery and electric vehicle (EV) supply chain - has closed its first ever equity investment led by Spectrum Equity.💫
Full press release is here -
benchmarkminerals.com/announ…
Spectrum is a leading growth equity firm focused on internet-enabled software and global data intelligence businesses. Since the firm’s inception, Spectrum has raised $11.2 billion in limited partner capital and invested in 170 companies across the information economy.
Benchmark has emerged as the industry standard for lithium and critical mineral prices, data and supply chain intelligence used in major contract negotiations, infrastructure investment and government policy decision making.
As a result, the company has seen over 500% sales growth over the past three years as it built out its customer base, product portfolio and global footprint.
This outside investment will enable Benchmark to accelerate its expansion in analysing key energy transition technologies and their supply chains.
“We are delighted to welcome our first ever investor in Spectrum Equity,” said Simon Moores, CEO of Benchmark.
Parag Khandelwal, Managing Director at Spectrum Equity said: “Simon and the entire Benchmark team have built an exceptional company, and their independent market price assessments and supply chain data are trusted by all major market participants to make business and investment decisions that are shaping this new energy economy.”
Adam Margolin, Managing Director at Spectrum Equity said: “We are thrilled to partner with Team Benchmark. The energy transition presents a once in a generation opportunity for an independent, upstart company like Benchmark to solve the ongoing price and data requirements of the lithium ion battery supply chain, a core component of the energy transition.”
Read the full statement here -
benchmarkminerals.com/announ…
For more information, please contact:
Nick Burroughs, Head of Subscription Sales
44 (0)20 4553 1720
nburroughs@benchmarkminerals.com
General: contact@benchmarkminerals.com
Product Enquiries:
benchmarkminerals.com/contac…