Companies · Other

Largo Resources Ltd.

Toronto, Ontario · Other

Diligence memoA one-page analyst read on Largo Resources Ltd. — recommendation, valuation, rhythm, risks.
$50.7M
Total raised · real
8
Rounds
0.3×
Latest step-up
Top 8%
Sector rank · raised
Series B
Latest stage · inferred · Wed Oct 22 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Largo Resources Ltd. looks fair against its niche peers and is active on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page.

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

Fair
  • Modeled value is 0.92× the median modeled value of Series B Other companies in 2025–2027 (207 peers) — value vs value, same stage and era.
  • Within the normal band (92% of peer median) for its niche.
Active
  • Last raise 8 mo ago; this sector typically re-raises about every 11 months.
  • Raising on or ahead of the sector's normal rhythm.
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 Other

Largo Resources Ltd. is one of 25008 Other companies tracked from Toronto, Ontario. By capital raised it ranks among the largest (ahead of 93% 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
1
Investors (latest)
2025-10-22
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$50M$100M$150M$200MPre-Seed · 2010-09-16 Raised $168K (real) Modeled valuation $3.9M (est)Pre-Seed2010Series A · 2016-03-03 Raised $5.1M (real) Modeled valuation $77M (est)Series A2016Series A · 2016-09-06 Raised $575K (real) Modeled valuation $8.7M (est)Series A2016Series A · 2017-01-06 Raised $6.7M (real) Modeled valuation $102M (est)Series A2017Series A · 2017-12-13 Raised $13M (real) Modeled valuation $192M (est)Series A2017Series A · 2020-12-07 Raised $2.0M (real) Modeled valuation $27M (est)Series A2020Series B · 2025-10-22 Raised $17M (real) Modeled valuation $78M (est)Series B2025Series A · 2025-10-22 Raised $6.0M (real) Modeled valuation $18M (est)Series A2025+$5.1M+$575K+$6.7M+$13M+$2.0M+$17M+$6.0MCumulative $51M

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
Pre-Seed$168K · 2010
Series A$5.1M · 2016no Seed on file
Series A extension$575K · 2016
Series A extension$6.7M · 2017
Series A extension$12.7M · 2017
Series A extension$2.0M · 2020
Series B$17.4M · 2025
Bridge · Series B-stage$6.0M · 2025smaller follow-on

Stages are modeled from round size (public records carry no series label). No record for: Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 75%.

Modeled valuation trajectory
$77.9M
Base estimate est.
$43.5M
Conservative case
$108.6M
Upside case
$96.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Pre-Seed · modeled $3.9M · 2010-09-162010Series A · modeled $76.5M · 2016-03-03Series A · modeled $8.7M · 2016-09-06Series A · modeled $101.5M · 2017-01-06Series A · modeled $192.5M · 2017-12-13Series A · modeled $27.0M · 2020-12-07Series B · modeled $77.9M · 2025-10-22Series A · modeled $18.5M · 2025-10-222025
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
68%
Survival probability
45% low · 83% high
1.28×/yr
Annual markup
1.55×/yr upside case
0.7 yr
Elapsed time used
0.7 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
26 mo
Avg between rounds
$3.4M/yr
Capital velocity
15.8 yr
On record since
2010
First round
8
Rounds on file
How it compares to the market

Benchmarked against 25008 companies in Other. 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) 25× above median
This company$50.7M
Sector median$2.0M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.3× of median
This company$6.0M
Sector median$19.6M
Modeled value — vs sector median (estimate, all stages) 4.4× above median
This company$77.9M
Sector median$17.7M

Raised more than 93% of sector peers (real $). Modeled value above 80% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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. This company ranks #125 of 207.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Acorn Sim Investor Holdings, LLC · Series B Raised $38.6M · modeled $203.9M (est)Aircapture, Inc. · Series B Raised $40.0M · modeled $197.4M (est)Bathhouse Holdings Inc. · Series B Raised $34.4M · modeled $177.8M (est)Chlorum Solutions USA LLC · Series B Raised $35.4M · modeled $175.8M (est)Olympus Pines LLC · Series B Raised $35.0M · modeled $175.4M (est)Fraser Topco LLC · Series B Raised $32.8M · modeled $175.2M (est)Ketryx Corp · Series B Raised $54.2M · modeled $172.6M (est)r.Potential Inc. · Series B Raised $33.0M · modeled $170.4M (est)Helper Bees, Inc. · Series B Raised $58.7M · modeled $169.4M (est)Kingsland Pointe Holdings, LLC · Series B Raised $33.1M · modeled $168.6M (est)Modern Life Group Inc. · Series B Raised $34.7M · modeled $167.8M (est)BR MMJ Acquisition Co LLC · Series B Raised $37.5M · modeled $167.8M (est)Largo Resources Ltd. (this company) Raised $50.7M · modeled $77.9M (est)Largo Resources Ltd.
CompanyStageRaised · realValue · estvs peer med.
Acorn Sim Investor Holdings, LLCSeries B$38.6M$203.9M2.40×
Aircapture, Inc.Series B$40.0M$197.4M2.33×
Bathhouse Holdings Inc.Series B$34.4M$177.8M2.10×
Chlorum Solutions USA LLCSeries B$35.4M$175.8M2.07×
Olympus Pines LLCSeries B$35.0M$175.4M2.07×
Fraser Topco LLCSeries B$32.8M$175.2M2.06×
Ketryx CorpSeries B$54.2M$172.6M2.03×
r.Potential Inc.Series B$33.0M$170.4M2.01×
Helper Bees, Inc.Series B$58.7M$169.4M2.00×
Kingsland Pointe Holdings, LLCSeries B$33.1M$168.6M1.99×
Modern Life Group Inc.Series B$34.7M$167.8M1.98×
BR MMJ Acquisition Co LLCSeries B$37.5M$167.8M1.98×
Largo Resources Ltd. this companySeries B$50.7M$77.9M0.92×
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.
Pre-Seed$168K2010-09-16$934K$3.9M85%
Series A$5.1M2016-03-03$23.0M$76.5M85%
Series A$575K2016-09-06$2.6M$8.7M90%
Series A$6.7M2017-01-06$30.5M$101.5M90%
Series A$12.7M2017-12-13$57.8M$192.5M90%
Series A$2.0M2020-12-07$9.3M$27.0M90%
Series B$17.4M2025-10-22$96.7M$77.9M90%
Series A$6.0M2025-10-22$27.3M$18.5M90%
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. Pre-Seed$168K2010-09-16
    • First recorded raise — entered as Pre-Seed.
    • 2 investors on this round.
  2. Series A$5.1M2016-03-03
    • Raised again after 66 mo — slower than the ~11 mo sector norm.
    • Round 30.1× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 9 investors on this round.
  3. Series A$575K2016-09-06
    • Came back fast: 6 mo vs the ~11 mo sector norm.
    • Round 8.8× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  4. Series A$6.7M2017-01-06
    • Came back fast: 4 mo vs the ~11 mo sector norm.
    • Round 11.7× larger than the prior — scaling up.
    • 16 investors on this round.
  5. Series A$12.7M2017-12-13
    • Raised 11 mo later, in step with the ~11 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
    • 9 investors on this round.
  6. Series A$2.0M2020-12-07
    • Raised again after 36 mo — slower than the ~11 mo sector norm.
    • Round 6.2× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  7. Series B$17.4M2025-10-22
    • Raised again after 58 mo — slower than the ~11 mo sector norm.
    • Round 8.5× larger than the prior — scaling up.
    • 15 investors on this round.
  8. Series A$6.0M2025-10-22
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.9× smaller than the prior — bridge or down round.
    • 1 investor on this round.
Intelligence
2027 ~Q4
Modeled next raise · ~26mo cadence
$6.0M
Modeled next size est.range $6.0M$9.6M
0.3×
Last step-up
$3.4M/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
Mark Smith27 other2016-03
Stan Bharti13 other2010-09
Mark Brennan11 other2010-09
Michael Hoffman10 other2010-09
Mark A. Smith6 other2016-09
David Harris5 other2025-10
Deborah Battiston5 other2010-09
Robert Campbell5 other2016-03
William Pearson3 other2010-09
Jonathan Lee2 other2020-12
William Clarke2 other2010-09
Daniel Tellechea1 other2016-03
Gordon Babcock1 other2025-10
Kurt Menchen1 other2016-03
Paul Vollant1 other2020-12
Timothy Mann1 other2010-09
Alberto A. Arias2016-09
Alberto A. Beeck2016-09
Alberto Arias2016-03
Alvaro Resend2020-12
Andrea Weinberg2025-10
Andy Campbell2010-09
Daniel A. Tellechea2016-09
David A. Brace2016-09
Registry & provenance

Largo Resources Ltd. 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
1400438
SEC CIK
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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.

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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
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Sable Resources LtdOtherSeed$13.3M83%
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Frequently asked
How much funding has Largo Resources Ltd. raised?
Largo Resources Ltd. has raised approximately $50.7M in disclosed capital across 8 recorded financing rounds, aggregated from public filings.
What is Largo Resources Ltd.'s estimated valuation?
Provath's modeled valuation for Largo Resources Ltd. is approximately $77.9M (modeled range $43.5M–$108.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Largo Resources Ltd. at?
Largo Resources Ltd.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Wed Oct 22.
What does Largo Resources Ltd. do and where is it based?
Largo Resources Ltd. operates in the Other sector, based in Toronto, Ontario.
Explore related

See where Largo Resources Ltd. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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