- Companies
- Mariana Minerals
Mariana Minerals Valuation, Funding & Investors
Mariana Minerals is valued at $1.5B as of August 2026.
Last Mariana Minerals valuation
$1.5B
Series B · Aug 2026
Last Mariana Minerals funding round
$310M
Series B · Aug 2026
Cumulative funding Mariana Minerals raised
$310M
across 1 funding round
Key investors in Mariana Minerals
Andreessen Horowitz
Khosla Ventures
Greycroft
IQT
Greenoaks
StepStone Group
About Mariana Minerals
Mariana Minerals is a minerals company that integrates mining operations with software systems to advance exploration and extraction of lithium, copper, nickel, and related resources.
Founded
2022
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$1.5B (Aug 2026)
Sectors
Mariana Minerals Valuation
Mariana Minerals is currently valued at $1.5B, based on its Series B in August 2026.
The $310M round was led by Khosla Ventures, with participation from Pax Ventures, Greenoaks, StepStone Group, Washington Harbour Partners, Greycroft and 6 other investors.
Mariana Minerals valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Aug 2026 | Series B | $1.5B |
Mariana Minerals Funding History
Mariana Minerals has raised a total of $310M across 1 funding round.
Mariana Minerals funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2026 | Series B | Khosla Ventures (lead); Pax Ventures; Greenoaks; StepStone Group; Washington Harbour Partners; Greycroft; Andreessen Horowitz; Earthshot Ventures; BHP Ventures; The Halo Fund; General Innovation Capital; IQT | $310M | $1.5B | Mariana Minerals raised $310 million in a Series B financing led by Khosla Ventures, with continued participation from Andreessen Horowitz and Breakthrough Energy Ventures and new backing from Greenoaks, Halo Fund, Pax Ventures, StepStone Group, BHP Ventures, Washington Harbour Partners, Greycroft, General Innovation Capital Partners, Mitsubishi Corporation, In-Q-Tel, and Earthshot Ventures. The round values the company at $1.5 billion and brings total parent and project capital raised to approximately $400 million; the transaction was structured as convertible preferred stock. The financing supports expansion of Mariana’s portfolio of critical minerals projects and further deployment of its MarianaOS software platform. Mariana positions itself as a software-first, vertically integrated critical minerals company focused on using automation and software to modernize mining and accelerate production for materials such as copper and lithium. The company’s capital base includes funding allocated to its operated mines, including Copper One in Utah and Lithium One in Texas. Mariana is based in San Francisco and has previously raised $85 million in its Series A, led by Andreessen Horowitz with support from Breakthrough Energy Ventures and Khosla Ventures. The company describes its model as end-to-end and vertically integrated, combining software with mine operations to scale critical minerals production. |
Who has invested in Mariana Minerals?
12 investors have backed Mariana Minerals across its funding rounds, including Andreessen Horowitz, Khosla Ventures, Greycroft, IQT, Greenoaks and StepStone Group.
Lead investors include Khosla Ventures.
Mariana Minerals Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Aug 2026 | ||
| 1 | Participant | Aug 2026 | ||
| 1 | Participant | Aug 2026 | ||
| 1 | Participant | Aug 2026 | ||
| 1 | Participant | Aug 2026 | ||
| 1 | Lead | Aug 2026 | ||
| 1 | Participant | Aug 2026 | ||
| 1 | Participant | Aug 2026 | ||
| 1 | Participant | Aug 2026 | ||
| 1 | Participant | Aug 2026 | ||
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Start Free TrialMariana Minerals Competitors
Mariana Minerals competitors include listed companies like Ivanhoe Electric, Minerals 260, Eacon Group and Duro Dakovic Grupa, and private ones like GermanSubCo and Electra.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $3M | ($118M) | $1.5B | 394.6x | ||
| Publicly listed | - | ($25M) | $1.5B | - | ||
| Publicly listed | $214M | ($33M) | $1.5B | - | ||
| Publicly listed | $143M | $15M | $1.5B | - | ||
| Private | - | - | $1.3B | - | ||
| Private | - | - | $1.2B | - |
Mariana Minerals Public Comps
Mariana Minerals is still privately-owned, but its public comps include Ivanhoe Electric, Minerals 260, Eacon Group, Duro Dakovic Grupa, Elemental Royalty, i-80 Gold, Eramet, Molymet, Companhia Brasileira de Aluminio and Bharat Coking Coal.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $3M | ($118M) | 401.4x | 394.6x | (11.0x) | (174.5x) | |||
| - | ($25M) | - | - | (60.7x) | (68.6x) | |||
| $214M | ($33M) | 7.8x | - | (50.0x) | - | |||
| $143M | $15M | 10.4x | - | 99.2x | - | |||
| $44M | $22M | 33.4x | 19.4x | 65.2x | 24.7x | |||
| $95M | ($175M) | 16.1x | 9.1x | (8.8x) | (17.9x) | |||
| $3.2B | ($118M) | 1.5x | 1.3x | (40.1x) | 9.2x | |||
| $2.5B | $185M | 0.8x | - | 10.7x | - | |||
This data is available for Pro users. Sign up to see all Mariana Minerals competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Mariana Minerals
| When was Mariana Minerals founded? | Mariana Minerals was founded in 2022. |
| Where is Mariana Minerals headquartered? | Mariana Minerals is headquartered in Houston, TX, United States. |
| Is Mariana Minerals publicly listed? | No, Mariana Minerals is a private, VC-backed company. |
| What is Mariana Minerals' valuation? | Mariana Minerals was last valued at $1.5B in its Series B in August 2026. |
| How much funding has Mariana Minerals raised? | Mariana Minerals has raised $310M across 1 funding round. |
| What was Mariana Minerals' last funding round? | Mariana Minerals' last funding round was a $310M Series B in August 2026, led by Khosla Ventures. |
| Who are Mariana Minerals' investors? | Mariana Minerals' investors include Pax Ventures, Greenoaks, StepStone Group, Washington Harbour Partners, Greycroft, Khosla Ventures, Andreessen Horowitz, Earthshot Ventures, BHP Ventures, The Halo Fund and 2 others. |
| Which companies are comparable to Mariana Minerals? | Companies comparable to Mariana Minerals include Ivanhoe Electric, Minerals 260, Eacon Group, Duro Dakovic Grupa, GermanSubCo and Electra. |
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