Fenwick Represents VerAI in $24M Series B Funding

Fenwick represented VerAI, an AI-driven mineral asset company, in its $24 million Series B funding. The round was led by Insight Partners with participation from existing investors Blumberg Capital, Chrysalix Venture Capital, and Orion Industrial Ventures.

VerAI will use the funds to help accelerate the testing and economic development of VerAI’s 60+ mineral projects with its exploration and development partners, while expanding VerAI’s portfolio and continuing to refine and advance its platform. More information can be obtained from the company announcement.

The Fenwick transaction team was led by corporate partner Lara Foster and included associates Corinne Nhaissi, Liz Malmen, and Siobhan McGurk.