Companies · Mining & Resources

Mines.Io Inc.

SAN FRANCISCO · Mining & Resources · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Mines.Io Inc. — recommendation, valuation, rhythm, risks.
$10.4M
Total raised · real
4
Rounds
14.8×
Latest step-up
Top 20%
Sector rank · raised
Series A
Latest stage · inferred · Fri Jul 27 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

Mines.Io Inc. looks over-valued against its niche peers and is dormant on financing cadence.

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.

Over-valued
  • Modeled value is 1.57× the median modeled value of Series A Mining & Resources companies in 2016–2018 (15 peers) — value vs value, same stage and era.
Dormant
  • Last raise 7.9 yr ago; this sector typically re-raises about every 11 months.
  • Silent for over 3× the sector's normal cadence.
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

Mines.Io Inc. is one of 701 Mining & Resources companies tracked from SAN FRANCISCO. By capital raised it ranks in the upper tier (ahead of 81% of sector peers), and among the largest 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
13
Investors (latest)
2013
Year incorporated
2018-07-27
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$13M$25M$38M$50MPre-Seed · 2014-04-07 Raised $609K (real) Modeled valuation $4.1M (est)$609K$4.1MPre-Seed2014Seed · 2015-12-23 Raised $1.9M (real) Modeled valuation $10M (est)$1.9M$10MSeed2015Seed · 2017-10-03 Raised $497K (real) Modeled valuation $2.7M (est)$497K$2.7MSeed2017Series A · 2018-07-27 Raised $7.4M (real) Modeled valuation $32M (est)$7.4M$32MSeries A2018+$1.9M+$497K+$7.4MCumulative $10M

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$609K · 2014
Seed$1.9M · 2015
Seed extension$497K · 2017
Series A$7.4M · 2018

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$32.2M
Base estimate est.
$9.5M
Conservative case
$175.1M
Upside case
$33.5M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the extractive sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $4.1M · 2014-04-072014Seed · modeled $10.2M · 2015-12-23Seed · modeled $2.7M · 2017-10-03Series A · modeled $32.2M · 2018-07-272018
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
52%
Survival probability
28% low · 71% high
1.11×/yr
Annual markup
1.39×/yr upside case
6.0 yr
Elapsed time used
7.9 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
17 mo
Avg between rounds
$2.4M/yr
Capital velocity
12.2 yr
On record since
2014
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) 4.5× above median
This company$10.4M
Sector median$2.3M
Latest round — vs other Series A rounds in sector (real $, this stage) 1.8× above median
This company$7.4M
Sector median$4.2M
Modeled value — vs sector median (estimate, all stages) 13× above median
This company$32.2M
Sector median$2.5M

Raised more than 81% of sector peers (real $). Modeled value above 92% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #2 of 15.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Orca Gold Inc. · Series A Raised $12.1M · modeled $51.2M (est)Pershing Gold Corp. · Series A Raised $60.1M · modeled $28.6M (est)Halo Exploration Ltd. · Series A Raised $5.7M · modeled $25.0M (est)Ocean Minerals, LLC · Series A Raised $5.0M · modeled $21.9M (est)El Capitan Precious Metals Inc · Series A Raised $6.9M · modeled $21.9M (est)Gold Standard Ventures Corp. · Series A Raised $14.7M · modeled $21.2M (est)Almadex Minerals Ltd · Series A Raised $4.7M · modeled $20.5M (est)Equinox Gold Corp. · Series A Raised $4.6M · modeled $19.9M (est)Liberty Star Uranium & Metals Corp. · Series A Raised $13.2M · modeled $18.9M (est)Eco Oro Minerals Corp. · Series A Raised $24.5M · modeled $10.3M (est)Applied Minerals, Inc. · Series A Raised $19.5M · modeled $4.0M (est)Mines.Io Inc. (this company) Raised $10.4M · modeled $32.2M (est)Mines.Io Inc.
CompanyStageRaised · realValue · estvs peer med.
Orca Gold Inc.Series A$12.1M$51.2M2.49×
Mines.Io Inc. this companySeries A$10.4M$32.2M1.57×
Pershing Gold Corp.Series A$60.1M$28.6M1.39×
Halo Exploration Ltd.Series A$5.7M$25.0M1.22×
Ocean Minerals, LLCSeries A$5.0M$21.9M1.06×
El Capitan Precious Metals IncSeries A$6.9M$21.9M1.06×
Gold Standard Ventures Corp.Series A$14.7M$21.2M1.03×
Almadex Minerals LtdSeries A$4.7M$20.5M1.00×
Equinox Gold Corp.Series A$4.6M$19.9M0.97×
Liberty Star Uranium & Metals Corp.Series A$13.2M$18.9M0.92×
Eco Oro Minerals Corp.Series A$24.5M$10.3M0.50×
Applied Minerals, Inc.Series A$19.5M$4.0M0.19×
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$609K2014-04-07$3.4M$4.1M85%
Seed$1.9M2015-12-23$9.5M$10.2M85%
Seed$497K2017-10-03$2.5M$2.7M90%
Series A$7.4M2018-07-27$33.5M$32.2M90%
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$609K2014-04-07
    • First recorded raise — entered as Pre-Seed.
    • 10 investors on this round.
  2. Seed$1.9M2015-12-23
    • Raised again after 21 mo — slower than the ~11 mo sector norm.
    • Round 3.1× larger than the prior — scaling up.
    • 8 investors on this round.
  3. Seed$497K2017-10-03
    • Raised again after 21 mo — slower than the ~11 mo sector norm.
    • Round 3.8× smaller than the prior — bridge or down round.
    • 5 investors on this round.
  4. Series A$7.4M2018-07-27
    • Raised 10 mo later, in step with the ~11 mo sector norm.
    • Round 14.8× larger than the prior — scaling up.
    • 13 investors on this round.
Intelligence
2020 ~Q1
Modeled next raise · ~17mo cadence
$22.1M
Modeled next size est.range $14.4M$35.4M
14.8×
Last step-up
$2.4M/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
Michael Borrus6 other2017-10
Oyekunle Olukotun1 other2017-10
Ebenezer Olufowose2017-10
EKECHI NWOKAH2014-04
Lalude Akinyemi2018-07
MICHAEL A BORRUS2015-12
OLUKOTUN A OYEKUNLE2015-12
OLUKOTUN OYEKUNLE2014-04
Willemstein Willem2018-07
Registry & provenance

Mines.Io Inc. 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
1605244
SEC CIK
2013
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
Liberty Gold Corp. /CANMining & ResourcesSeries A$10.5M$27.1Msame sector · same stage
Gold Flora, LLCMining & ResourcesSeries A$10.3M$42.0Msame sector · same stage
Bear Creek Mining CorpMining & ResourcesSeries A$10.2M$1.7Msame sector · same stage
Trilogy Metals Inc.Mining & ResourcesSeries A$10.7M$10.6Msame sector · same stage
Fury Gold Mines LtdMining & ResourcesSeries A$10.0M$1.6Msame sector · same stage
Miedzi Copper Corp.Mining & ResourcesSeries A$10.7M$19.0Msame sector · same stage
Lithium Werks Group B.V.Mining & ResourcesSeries A$10.0M$43.1Msame sector · same stage
MERIT Mining Ohio, LLCMining & ResourcesSeries A$10.0M$33.9Msame sector · same stage
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
mining ioMining & ResourcesSeries A$18.9M94%
Urban Mining International, Inc.Mining & ResourcesPre-Seed$3.5M87%
US Digital Mining Corp.Mining & ResourcesPre-Seed$4.7M87%
Miningio LlcOther TechnologySeries A$154.3M87%
MineHub Technologies Inc.Software / TechPre-Seed$882K87%
Resource Exploration, Inc.Mining & ResourcesPre-Seed$1.6M87%
Metal Oxide Technologies LLCMining & ResourcesSeries B$126.6M86%
Blueprint Mining I LLCMining & ResourcesPre-Seed$3.6M86%
Frequently asked
How much funding has Mines.Io Inc. raised?
Mines.Io Inc. has raised approximately $10.4M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Mines.Io Inc.'s estimated valuation?
Provath's modeled valuation for Mines.Io Inc. is approximately $32.2M (modeled range $9.5M–$175.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Mines.Io Inc. at?
Mines.Io Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Fri Jul 27.
What does Mines.Io Inc. do and where is it based?
Mines.Io Inc. operates in the Mining & Resources sector, based in SAN FRANCISCO.
Explore related

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

Is this your company?

If you work at Mines.Io Inc., claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.