FundedIQ
Natural Resources

Rio2: Funding, Investors & Team (Sep 2026)

Rio2 is establishing a valuable precious metals company with assets in multiple locations in the Americas. The company's focus is on Peru and Nicaragua, but it also aims to acquire more assets to build a strong portfolio. Rio2 is committed to using its expertise in mining and commitment to responsible practices to deliver value to its investors. The company's leadership team is highly skilled and has a track record of success in both technical and financial aspects of the mining industry.

www.rio2.com LinkedIn Calgary, Canada 11-50 employees
Precious Metals B2B
Total raised
$243M
Rounds
3
Latest
Undisclosed round
Dec 2025

Rio2 has raised $243M across 3 funding rounds on record, the most recent an undisclosed round of $139M announced in Dec 2025.

That round is above the $2.2M median round size for Natural Resources companies tracked on FundedIQ over the last two years.

Rio2 Company Profile and Key Stats

Total funding raised
$243M
across 3 rounds on record
Funding rounds on record
3
Latest funding round
Undisclosed round
$139M in Dec 2025
Employees
11-50
reported band
Headquarters
Calgary, Canada

Latest funding round on record: Dec 2025.

Rio2 Funding Rounds

Date
Round
Amount
Undisclosed round
$139M
Undisclosed round
$86.8M
Undisclosed round
$17.0M

Rio2 raised $17.0M in an undisclosed round announced in Apr 2024.

6 months later, an undisclosed round of $86.8M was announced in Oct 2024.

1.2 years later, an undisclosed round of $139M was announced in Dec 2025.

Rio2 Founders and Leadership Team

Name
Role
Contact
Alex Black
Founder
Locked

Contact details for the Rio2 team: 1 of 1 has an email address on file.

Start 14-day free trial →

Rio2 Funding Compared to Other Natural Resources Startups

Segment
Companies
Median round
3,081
$2.2M

Rio2's latest round of $139M is above the median round in Natural Resources. Medians cover the last 24 months of disclosed rounds.

Funded Startups Like Rio2 in Natural Resources and Calgary

Companies Similar to Rio2

Errington Metals is a mineral exploration company focused on critical and precious metals projects.

Undisclosed round $490k

NexGold Mining Corp. is a gold-focused exploration and development company with assets in Canada and is…

Undisclosed round $7.0M

Red Metal Resources is a mineral exploration company focusing on acquiring, exploring, and developing…

Undisclosed round $280k

Caprock Mining is a mineral exploration and mining company that primarily explores gold and other minerals…

Undisclosed round $420k

Rathdowney is focused on Project Olza, an advanced stage zinc-lead-silver project located in the Upper…

Undisclosed round $740k

Denarius Metals is a company that is involved in acquiring, exploring, developing, and eventually operating…

Undisclosed round $9.0M

Generation Mining is a company primarily involved in developing zinc and molybdenum projects in Canada. It…

Undisclosed round $310M

Canstar Resources is a Canadian mineral exploration and development company led by a professional, highly…

Undisclosed round $350k

NOA Lithium Brines is a lithium exploration and development firm founded to purchase assets with high…

Undisclosed round

Surface Metals is known for their work in exploring, developing, and extracting lithium and valuable metals.

Undisclosed round

1911 Gold Corp is a gold producer which represents the next generation of exploration and production of…

Undisclosed round $31.0M

F4 Uranium is a mineral exploration company that focuses on discovering and developing uranium resources. The…

Undisclosed round $710k

Rio2 Funding FAQs

What does Rio2 do?

Rio2 is establishing a valuable precious metals company with assets in multiple locations in the Americas. The company's focus is on Peru and Nicaragua, but it also aims to acquire more assets to build a strong portfolio. Rio2 is committed to using its expertise in mining and commitment to responsible practices to deliver value to its investors. The company's leadership team is highly skilled and has a track record of success in both technical and financial aspects of the mining industry.

How much funding has Rio2 raised?

Rio2 has raised $243M across 3 rounds on record. The most recent is an undisclosed round of $139M announced in Dec 2025.

When did Rio2 last raise funding?

Rio2's most recent funding round on record is an undisclosed round of $139M, announced in Dec 2025.

Who founded Rio2?

FundedIQ lists Alex Black (Founder) at Rio2.

Where is Rio2 headquartered?

Rio2 is based in Calgary, Alberta, Canada.

How many employees does Rio2 have?

Rio2 is in the 11-50 employee band.

How does Rio2's funding compare to other Natural Resources startups?

Rio2's latest round of $139M is above the $2.2M median round size for Natural Resources companies on FundedIQ across 620 tracked companies over the last two years.

About FundedIQ's Rio2 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 Rio2 is left off this page rather than filled in.

14-day free trial · Cancel anytime

Know who just raised. Then know who to reach.

Every newly funded startup with its round, its investors and its founders: delivered weekly by email, or searchable in the app.

Alerts from $19/mo · Pro from $99/mo. Card required, nothing charged until day 15, and we email you 3 days before that.