MineralAnswers

Mineral Answers is a database that tracks the rights holders of mineral assets like deposits of crude oil. In its current form, the primary business sells tiered monthly subscriptions for users to access the database. Users are able to access national data, track permits and properties plus manage certain workflows related to the rights. As part of this round of funding, they have already purchased a payments processing business that passes $800M in payments each year to mineral rights holders. With the acquisition of this company, they plan to integrate their database of mineral assets to add software and fintech features for their users. This includes a more efficient means to manage royalty payment distributions, automate back office administration and implement treasury solutions. With the added data tracking on the royalty payments, the team also believes they can roll out financial products like loans and derivatives collateralized by the stream of royalty payments. They also plan to use the data to inform outright asset purchases when priced to their advantage. While the business is currently a $50K ARR business, the addition of the payments company could add $7M in ARR if the core solutions and financial products are implemented.