Companies · Mining & Resources

i-80 Gold Corp.

Reno · Mining & Resources · refined from filed group “Other

Diligence memoA one-page analyst read on i-80 Gold Corp. — recommendation, valuation, rhythm, risks.
$76.1M
Total raised · real
4
Rounds
0.5×
Latest step-up
Top 4%
Sector rank · raised
Series C
Latest stage · inferred · Tue Aug 01 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

i-80 Gold Corp. has raised $76M over 4 rounds; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the extractive sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

At-risk
  • Last raise 2.9 yr ago; this sector typically re-raises about every 11 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Mining & Resources

i-80 Gold Corp. is one of 701 Mining & Resources companies tracked from Reno. By capital raised it ranks among the largest (ahead of 97% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
5
Investors (latest)
2021
Year incorporated
2023-08-01
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$125M$250M$375M$500MSeries A · 2021-04-07 Raised $9.1M (real) Modeled valuation $37M (est)$9.1M$37MSeries A2021Series C · 2021-10-14 Raised $54M (real) Modeled valuation $266M (est)$54M$266MSeries C2021Series C · 2023-02-22 Raised $8.7M (real) Modeled valuation $43M (est)$8.7M$43MSeries C2023Series C · 2023-08-01 Raised $4.6M (real) Modeled valuation $23M (est)$4.6M$23MSeries C2023+$54M+$8.7M+$4.6MCumulative $76M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series A$9.1M · 2021
Series C$53.8M · 2021no Series B on file
Series C extension$8.7M · 2023
Series C extension$4.6M · 2023

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 40%.

Modeled valuation trajectory
$22.7M
Base estimate est.
$16.9M
Conservative case
$39.1M
Upside case
$30.6M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the extractive sector profile. Directional, not a quoted figure.

Series A · modeled $36.6M · 2021-04-072021Series C · modeled $266.1M · 2021-10-14Series C · modeled $42.8M · 2023-02-22Series C · modeled $22.7M · 2023-08-012023
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
74%
Survival probability
55% low · 86% high
1.00×/yr
Annual markup
1.15×/yr upside case
2.9 yr
Elapsed time used
2.9 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
9 mo
Avg between rounds
$32.8M/yr
Capital velocity
5.2 yr
On record since
2021
First round
4
Rounds on file
How it compares to the market

Benchmarked against 701 companies in Mining & Resources. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 33× above median
This company$76.1M
Sector median$2.3M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.1× of median
This company$4.6M
Sector median$43.4M
Modeled value — vs sector median (estimate, all stages) 9.0× above median
This company$22.7M
Sector median$2.5M

Raised more than 97% of sector peers (real $). Modeled value above 89% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful.

Not enough valued peers in this cohort to chart positioning.

CompanyStageRaised · realValue · estvs peer med.
i-80 Gold Corp. this companySeries C$76.1M$22.7M1.86×
Sabina Gold & Silver Corp.Series C$49.9M$1.7M0.14×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series A$9.1M2021-04-07$41.2M$36.6M90%
Series C$53.8M2021-10-14$358.4M$266.1M90%
Series C$8.7M2023-02-22$57.7M$42.8M90%
Series C$4.6M2023-08-01$30.6M$22.7M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series A$9.1M2021-04-07
    • First recorded raise — entered as Series A.
    • 104 investors on this round.
  2. Series C$53.8M2021-10-14
    • Came back fast: 6 mo vs the ~11 mo sector norm.
    • Round 5.9× larger than the prior — scaling up.
    • 6 investors on this round.
  3. Series C$8.7M2023-02-22
    • Raised again after 16 mo — slower than the ~11 mo sector norm.
    • Round 6.2× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  4. Series C$4.6M2023-08-01
    • Came back fast: 5 mo vs the ~11 mo sector norm.
    • Round 1.9× smaller than the prior — bridge or down round.
    • 5 investors on this round.
Intelligence
2024 ~Q2
Modeled next raise · ~9mo cadence
$4.6M
Modeled next size est.range $4.6M$7.3M
0.5×
Last step-up
$32.8M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Greg Smith16 other2021-04
Christina McCarthy5 other2023-08
JOHN SEAMAN5 other2021-04
John Begeman4 other2021-04
ARTHUR EINAV2 other2021-04
Ewan Downie1 other2021-04
Brent Kristof2021-04
Eva Bellissimo2021-04
Matt Gollat2023-08
Matthew Gili2021-04
Matthew Gollat2021-04
Ron Clayton2021-04
Ryan Snow2021-04
Registry & provenance

i-80 Gold Corp. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1853962
SEC CIK
2021
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Paycore Minerals Inc.Mining & ResourcesSeed$2.0M$7.7Mnetwork2 shared operators · same sector
Sabina Gold & Silver Corp.Mining & ResourcesSeries C$49.9M$1.7Msame sector · same stage
Foran Mining CorpMining & ResourcesSeries C$152.1M$42.2Msame sector · same stage
Besra Gold Inc.Mining & ResourcesSeries B$76.8M$13.3Msame sector
Magna Mining Inc.Mining & ResourcesSeries A$9.2M$12.2Mnetwork1 shared operator · same sector
Corsa Coal Corp.Coal MiningSeries C$131.2M$22.4Mnetwork1 shared operator · same stage
Allied Gold CorpMining & ResourcesSeries A$6.9M$21.8Mnetwork1 shared operator · same sector
Nuvau Minerals CorpMining & ResourcesSeed$4.8M$2.0Mnetwork1 shared operator · same sector
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
U.S. Gold Corp.Mining & ResourcesSeries B$115.0M87%
Allied Gold CorpMining & ResourcesSeries A$21.8M86%
Riley Gold Corp.Mining & ResourcesPre-Seed$453K86%
AU Gold Corp.Mining & ResourcesPre-Seed$1.1M85%
Omega Gold Corp.Mining & ResourcesPre-Seed$595K84%
I-Minerals IncMining & ResourcesSeed$577K84%
Gold Port CorpMining & ResourcesPre-Seed$417K84%
Core Gold Inc.Mining & ResourcesPre-Seed$1.5M84%
Frequently asked
How much funding has i-80 Gold Corp. raised?
i-80 Gold Corp. has raised approximately $76.1M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is i-80 Gold Corp.'s estimated valuation?
Provath's modeled valuation for i-80 Gold Corp. is approximately $22.7M (modeled range $16.9M–$39.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is i-80 Gold Corp. at?
i-80 Gold Corp.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Tue Aug 01.
What does i-80 Gold Corp. do and where is it based?
i-80 Gold Corp. operates in the Mining & Resources sector, based in Reno.
Explore related

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