FundedIQ
Manufacturing

Amaroq Minerals: Funding, Investors & Team (Sep 2026)

Amaroq Minerals is a company in Greenland that specializes in exploring the Nalunaq gold mine, which has a history of producing over 350,000 ounces of gold at a grade of over 15 grams per ton between 2004 and 2009, with a cost of $530 per ounce. The company was established in 2017 and is based in Toronto, Ontario.

www.amaroqminerals.com LinkedIn Toronto, Canada 51-100 employees
Industrial Mining Precious Metals
Total raised
$221M
Rounds
5
Latest
Undisclosed round
Apr 2026

Amaroq Minerals has raised $221M across 5 funding rounds on record, the most recent an undisclosed round of $35.0M announced in Apr 2026.

That round is above the $5.0M median round size for Manufacturing companies tracked on FundedIQ over the last two years.

Amaroq Minerals Company Profile and Key Stats

Total funding raised
$221M
across 5 rounds on record
Funding rounds on record
5
Latest funding round
Undisclosed round
$35.0M in Apr 2026
Employees
51-100
reported band
Headquarters
Toronto, Canada

Latest funding round on record: Apr 2026.

Amaroq Minerals Funding Rounds

Date
Round
Amount
Undisclosed round
$35.0M
Undisclosed round
$60.6M
Undisclosed round
$35.0M
Undisclosed round
$35.0M
Undisclosed round
$55.6M

Amaroq Minerals raised $55.6M in an undisclosed round announced in Feb 2024.

5 months later, an undisclosed round of $35.0M was announced in Jul 2024.

5 months later, an undisclosed round of $35.0M was announced in Dec 2024.

6 months later, an undisclosed round of $60.6M was announced in Jun 2025.

10 months later, an undisclosed round of $35.0M was announced in Apr 2026.

Amaroq Minerals Founders and Leadership Team

Name
Role
Contact
Eldur Olafsson
Founder
Locked

Contact details for the Amaroq Minerals team: 1 of 1 has an email address on file.

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Amaroq Minerals Funding Compared to Other Manufacturing Startups

Segment
Companies
Median round
1,059
$5.0M
3,090
$2.2M

Amaroq Minerals' latest round of $35.0M is above the median round in Manufacturing. Medians cover the last 24 months of disclosed rounds.

Funded Startups Like Amaroq Minerals in Manufacturing and Toronto

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Amaroq Minerals Funding FAQs

What does Amaroq Minerals do?

Amaroq Minerals is a company in Greenland that specializes in exploring the Nalunaq gold mine, which has a history of producing over 350,000 ounces of gold at a grade of over 15 grams per ton between 2004 and 2009, with a cost of $530 per ounce. The company was established in 2017 and is based in Toronto, Ontario.

How much funding has Amaroq Minerals raised?

Amaroq Minerals has raised $221M across 5 rounds on record. The most recent is an undisclosed round of $35.0M announced in Apr 2026.

When did Amaroq Minerals last raise funding?

Amaroq Minerals' most recent funding round on record is an undisclosed round of $35.0M, announced in Apr 2026.

Who founded Amaroq Minerals?

FundedIQ lists Eldur Olafsson (Founder) at Amaroq Minerals.

Where is Amaroq Minerals headquartered?

Amaroq Minerals is based in Toronto, Ontario, Canada.

How many employees does Amaroq Minerals have?

Amaroq Minerals is in the 51-100 employee band.

How does Amaroq Minerals' funding compare to other Manufacturing startups?

Amaroq Minerals' latest round of $35.0M is above the $5.0M median round size for Manufacturing companies on FundedIQ across 1,059 tracked companies over the last two years.

About FundedIQ's Amaroq Minerals Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Amaroq Minerals is left off this page rather than filled in.

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