Hyndland Partners served as the exclusive financial advisor to the shareholders of the Asteroid Mining Corporation ("AMC"), successfully securing a growth equity investment.
Founded in 2016, the Asteroid Mining Corporation ("AMC") is an industrial robotics and space resources company. In partnership with Japan's Tohoku University, AMC has developed a modular robotic explorer with payload deliverability and extraction capabilities in extreme environments.
This investment has fuelled the development of AMC's terrestrial robots, which are now disrupting autonomous inspection markets in the maritime and O&G verticals. Revenue generated from these applications is supporting AMC's core vision – to extract precious metals from near-Earth asteroids.
Since the investment, AMC has landed partnerships with Japan's ispace, Inc. (a publicly listed lunar exploration company), Creative Destruction Lab and Plug and Play Japan to advance longer-term ambitions.