Investible's Climate Tech Fund has invested in Gega Elements, an Australian startup innovating in the extraction of critical minerals gallium and germanium from industrial waste, promoting both local supply chain development and sustainable practices.

Information on the Target

Gega Elements is an innovative Australian startup focused on extracting gallium and germanium from industrial waste materials using a novel, low-carbon process. These two critical minerals are essential for various advanced technologies, including semiconductors, photonics, and clean energy applications. The company's approach addresses a significant capability gap in Australia, enabling the country to secure its supply of these vital materials from an otherwise overlooked resource: mining waste.

With a total pre-seed funding round of A$925,000, Gega Elements has garnered support from notable investors, including Investible's Climate Tech Fund, Flying Fox Ventures, and Salus Ventures. This investment not only reinforces the financial backing for Gega's growth but also marks Investible's second investment through its TRaCE co-investment program, highlighting the significance of Gega's mission in the current market landscape.

Industry Overview in Australia

The critical minerals industry in Australia has gained increasing attention due to the global demand for essential elements like gallium and germanium. With the country rich in mineral resources, Australia has an opportunity to leverage its natural assets for the production of c