Perth-based technology startup CorePlan has successfully secured USD$3.5 million in a follow-on funding round to advance its operational platform for the mining industry. The investment was led by existing backer EVP and is earmarked for accelerating global expansion, product development, and team growth. This capital injection underscores the growing demand for digital solutions that streamline complex exploration and drilling operations worldwide.
Modernizing Operations in a Booming Sector
The global mining industry is currently experiencing a surge in activity, driven by high commodity prices and the increasing demand for critical minerals. Despite this boom, the sector remains significantly less digitally mature than its counterparts, often relying on a mix of spreadsheets and manual communication. CorePlan addresses this gap by providing a unified digital operating system designed to enhance efficiency and collaboration.
CorePlan's cloud-based software connects contractors and geology teams on a single platform, creating a central system for planning, production, compliance, and invoicing. This consolidation transforms administrative tasks that previously took days into streamlined, automated processes that take mere minutes. The platform provides auditable workflows that improve transparency and reduce manual data entry for all parties involved.
A Strategic Two-Sided Growth Model
A key factor in CorePlan's rapid adoption is its unique two-sided growth model that creates a powerful network effect. Drilling and earthmoving contractors first adopt the platform to manage their own operations, subsequently bringing their mining company clients onboard. This approach encourages mining companies to standardize the system across their various contractors, creating a repeatable expansion pattern.
This strategy has propelled the company's impressive growth, with the platform now supporting over 600 companies and 9,000 users globally. Its client roster includes industry giants such as BHP, Fortescue, Rio Tinto, and AngloGold Ashanti, alongside major contractors like DDH1 and Boart Longyear. To date, the platform has successfully managed more than $4.2 billion in drilling and mining works.
Investment to Drive Future Innovation
The new AU$5 million in funding will be strategically deployed to fuel CorePlan's next phase of growth through 2026. Key priorities include expanding the company's global team, scaling its regional support and presence in the Americas, and deepening its operational footprint in Australia. The capital will also accelerate product development, with a roadmap that includes a new drill and blast module.
Founder and CEO Alex Goulios stated that the investment will accelerate the company's mission to modernize drilling operations on a global scale. "Our focus has always been on bridging the gap between contractors and mining teams," he said. "This round validates the impact our team is delivering for our customers by turning manual admin tasks into efficient, automated workflows."
Strong Backing from a Key Investor
The decision by EVP to lead the follow-on round reflects strong confidence in the startup's trajectory and market position. EVP Partner Mark Velik praised CorePlan's consistent execution, global traction, and exceptional customer outcomes. "CorePlan stands out as the category-defining platform for mining and drilling operations," Velik commented, highlighting the team's delivery of a world-class product.
This latest funding round marks a significant milestone for CorePlan, providing the resources needed to solidify its position as an essential operational backbone for the mining industry. As the sector continues to grapple with the need for digital transformation, CorePlan is well-equipped to lead the charge in enhancing efficiency and collaboration. The investment not only validates the company's vision but also ensures its continued innovation and expansion on the global stage.