How many total Mining companies are there?

As of Oct 2026, there are 15,698 active companies in Mining sector.

Which countries have the most Mining companies?

Canada (2,429) has the highest number of Mining companies, followed by Australia (1,866) and United States (1,403).

How many Mining companies are funded?

As of Oct 2026, 3,698 companies in this sector have received funding.

Which company has raised the most funding in Mining sector?

As of Oct 2026, KoBold Metals has secured $1.22B in funding, making it the highest-funded company in the Mining sector.

Which country has attracted the most investment in Mining companies?

With $40B in total funding, Canada has attracted the most investment among Mining companies.

Who are the top investors in Mining companies?

The top investors in Mining companies by number of investments are Europa, Resource Capital Funds and Eric Sprott

How much venture capital has Mining sector attracted?

In the last 10 years, venture capital firms have invested $5.54B in this sector.

Mining - 2026 Market & Investments Trends

There are 16.2K companies in the Mining sector across the world, with 3.7K funded companies having collectively raised $178B in venture capital money and private equity. Overall 4.05K of these are Series A+ funded, and 1 of these is a unicorn.

Mining sector has seen 830 acquisitions and 2.93K IPOs. This represents almost 23.2% of all such companies - which is higher than the 3.9% exit rate of tech companies in general.

This sector includes companies providing technology solutions, including software applications, new-age hardware, and tech-enabled services, across the mining value chain.

Mining sector is also known as Mining Tech or Mining Tech.

Companies included in Mining sector

Companies which provide software solutions for exploration, mine planning, operations, refinery, inventory management, supply chain management and also general management solutions for mining like finance and accounting, HR, health safety and compliance, data and analytics, and simulators. Also included are companies providing tech-enabled services through proprietary hardware such as drill rig alignment technology, communication technologies, etc.

Companies excluded in Mining sector

Companies that manufacture traditional equipment, business services companies in staffing, marketing, IT services, consulting and online listing platforms for software/hardware products.

Key Metrics

Total Companies

16.2K

Top Companies

Rio Tinto, Kennametal & more

Total Funding

Funded Companies

Series A+ Companies

Series C+ Companies

Unicorns Created

IPOs

2.93K

Acquisitions

830

Also known as

Mining Tech or Mining Tech

View complete details of this sector

The market map of Mining gives a visual overview of the sector, showing key business models, their interactions in the value chain, and industry evolution.

Recent BlueBox/Industry Definition image of Mining

There are more than 16.2K companies in Mining. Rio Tinto is the top Mining company globally, ranked using Tracxn Score (what's this?).

Here are 5 of the top Mining companies globally:

Company	Description	Location	Founded	Current Stage	Private Funding Raised
Rio Tinto	Manufacturer of metals and minerals	London (United Kingdom)	1873	Public	-
Kennametal	Supplier of industrial tools and equipments	Latrobe (United States)	1938	Public	-
Glencore	Producer and supplier of metals and minerals	Baar (Switzerland)	1974	Public	$2.2B
Sandvik	Manufacturer of mining and infrastructure equipment tools	Stockholm (Sweden)	1862	Public	-
Vale	Provider of iron ore and nickel exploration services	Rio de Janeiro (Brazil)	1942	Public	-

Get a longer list of companies

Companies founded year-on-year in the Mining sector

191 new startups have been founded so far in 2026 in the Mining sector. 518 Mining startups were founded in 2021 - this is the most number of startups founded in any year in the last 10 years.

Total Number of Companies

Year	No. of companies
2026	191
2025	145
2024	147
2023	321
2022	384
2021	518
2020	506
2019	412
2018	439
2017	328

Companies founded across countries in the Mining sector

Canada has 2,429 Mining startups, the most by any country, followed by Australia which has 1,866 startups and United States which has 1,403.

Total Number of Companies

Country	No. of companies
Canada	2,429
Australia	1,866
United States	1,403
India	1,020
South Africa	653
United Kingdom	597
China	386
Germany	226
Indonesia	203
Chile	189

Stage-wise distribution of the Mining sector

Out of the total 16,170 Mining companies, 3,698 have secured funding. Among them, 4,054 have reached Series A or higher, and 3,966 to Series B or beyond.

Founded - 16,170

Funded - 3,698

Series A+ - 4,054

Series B+ - 3,966

Series C+ - 3,915

Company Stage	No. of companies
Founded	16,170
Funded	3,698
Series A+	4,054
Series B+	3,966
Series C+	3,915

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16.2K+ Total Companies
$178B+ Total Funding
3.7K+ Funded Companies
2.9K+ IPOs
825+ Acquisitions
10+ Reports

Total funding year-on-year in the Mining sector

The Mining sector saw a total funding of more than $131B in the last 10 years. The most amount of funding was in 2018 at more than $27.5B. There has been a total funding of $8.04B in 2026 till date.

Total Funding

Year	Total Funding
2026	$8.04B
2025	$13.5B
2024	$8.26B
2023	$7.78B
2022	$8.94B
2021	$9.14B
2020	$11.1B
2019	$25.9B
2018	$27.5B
2017	$10.9B

Total funding across countries in the Mining sector

In the last 10 years, Mining startups in Canada have recieved the highest funding among all countries - $40B. United States follows with $18.1B and Australia with $11.8B.

Total Funding

Country	Total Funding
Canada	$40B
United States	$18.1B
Australia	$11.8B
Chile	$8.25B
United Kingdom	$2.64B
China	$1.67B
India	$1.26B
Sweden	$1.17B
Germany	$84.1M
Spain	$57M

Total funding amount raised by stage in the Mining sector

Over the last 10 years, the Mining sector have seen $483M into Seed Stage funding rounds, $3.31B into Early Stage funding rounds and $3.84B go into Late Stage funding rounds.

Funding Stage	Total Funding
Post IPO	$61.1B
Debt	$47.4B
Late Stage	$3.84B
Early Stage	$3.31B
Other-Equity	$3B
Grant	$2.3B
Seed Stage	$483M
PE	$253M
ICO	$700K

Recent Funding Rounds in Mining

In the year 2026, till September 2026, Mining companies have raised $1.28B in equity funding across 84 rounds. In the same period last year (i.e. till September 2025), Mining companies had raised $915M across 105 rounds. So, 2026 has seen a 39.76% rise in funding in Mining companies as compared to 2025.

Here are some recent, important funding rounds in Mining:

Company	Round Raised	Amount Raised	Funding Date	Investors
Colt Silver	Seed	2055	Sep 25, 2026	-
Scout Discoveries	Series B	3176	Sep 18, 2026	Agnico Eagle and 1 more
Vigalab	Seed	5964	Sep 08, 2026	Alza
Skouria	Series A	8306	Sep 02, 2026	-
Maglut Heavy Industries	Seed	8279	Aug 27, 2026	Nova Threshold and 2 more

See a more detailed list of funding rounds

Europa is the top investor in Mining companies based on number of companies invested.

Here are some top investors in Mining:

Investor	Location	Top Portfolio Companies
Europa	Belgium	Rio Tinto, Kennametal, Sandvik and Leica-Geosystems
Resource Capital Funds	Denver (United States)	Lundin Mining, Resolute, VRIFY and IAMGOLD
Eric Sprott	Canada (United States)	First Majestic, White Gold, New Found Gold and Highlander Silver
OSTI	Oak Ridge (United States)	Rio Tinto, Cat, Hexagon and Caterpillar
Crescat Capital	Denver (United States)	Inflection Resources, Tectonic Metals, Blue Lagoon Resources and Goliath Resources

See a more detailed list of investors

In the year 2026, till October 2026, 55 acquisitions happened in Mining sector. Last year, in 2025, a total of 96 acquisitions happened in Mining sector.

Here are some recent, important acquisitions in Mining:

Company	Acquisition Type	Acquisition Date	Acquirers
Rocscience	Business Acquisition	Oct 09, 2026	Hexagon
Tashota Resources	Business Acquisition	Oct 02, 2026	TGI
Eccoequipment	Business Acquisition	Sep 29, 2026	Synergy Equipment
SMASL	Business Acquisition	Sep 25, 2026	Sindhu Trade
Emergent Metals	Business Acquisition	Sep 16, 2026	LAHONTAN GOLD CORP

See a more detailed list of acquisitions

Acquisition trends in Mining

Here are the acquisition trends in Mining:

Total Number of Acquisitions

Year	No. of companies
2026	55
2025	96
2024	96
2023	76
2022	106
2021	69
2020	53
2019	46
2018	64
2017	43

In the year 2026, till October 2026, 102 IPOs happened in Mining sector.

Here are some recent, important IPOs in Mining:

Company	IPO Date	Exchange Symbol
Heliostar Metals	Oct 07, 2026	Toronto Stock Exchange (TSX)
Chilwa Minerals	Oct 01, 2026	National Association of Securities Dealers Automated Quotations (NASDAQ)
Lygend Resources & Technology	Sep 30, 2026	Shenzhen Stock Exchange (SZSE)
Alex Metals	Sep 22, 2026	Toronto Stock Exchange - Venture Exchange (TSX-V)
Parbo	Sep 22, 2026	Australian Securities Exchange (ASX)

See a more detailed list of IPOs

Companies founded by alumni from top colleges in the Mining sector

Most number of Mining startups have been founded by alumni from Massachusetts Institute of Technology, Harvard University and University of Pennsylvania.

College	No. of companies
Massachusetts Institute of Technology	10
Harvard University	9
University of Pennsylvania	8
Imperial College London	7
University of Cambridge	7
Harvard Business School	6
Stanford University	6
University of California (Berkeley)	6
University of Toronto	6
Cornell University	5

Total funding in companies founded by alumni from top colleges in the the Mining sector

In the last 10 years, Harvard University graduates' Mining companies have raised the most funding among top colleges. Stanford University alumni are second, and University of Edinburgh alumni are third.

College	Total Funding
Harvard University	$1.34B
Stanford University	$264M
University of Edinburgh	$241M
The University of British Columbia	$238M
Massachusetts Institute of Technology	$203M
University of Waterloo	$145M
Harvard Business School	$119M
University of Toronto	$104M
London School of Economics and Political Science	$78.2M
University of California (Berkeley)	$57.4M