About Karora Resources
Karora Resources is a company based in Toronto (Canada) founded in 2006 was acquired by Westgold Resources in April 2024. Karora Resources has raised $500 thousand across 13 funding rounds from investors including Westgold Resources and PALA.
- Headquarter Toronto, Canada
- Stage Public
- SectorsNatural Resources
- Email••••••••
- Website karoraresources.com
- Social LinkedIn X Facebook
- Acquired by Westgold Resources (Apr 2024)
- Total Equity Funding$500K (USD)
in 13 rounds
- Latest Funding Round$150.66K (USD), Post-IPO
Oct 2019
- InvestorsWestgold Resources
& 1 more
- Acquired byWestgold Resources
(Apr 2024)
Funding Insights of Karora Resources
Karora Resources has successfully raised a total of $500K across 13 strategic funding rounds. The most recent funding activity was a Post-IPO round of $150.66 thousand completed in October 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $500,000
- Total Rounds 13
- Last Round Post-IPO — $150,659
- First Round $500,000
(Dec 2008)
- Investors Count 1
Latest 10 of 13 funding rounds of Karora Resources with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2019 | $150,659 | Post-IPO | – | – | – |
| Jun 2019 | $9M | Post-IPO | – | – | – |
| Jan 2019 | $62,282 | Post-IPO | – | – | – |
| Jan 2019 | $9M | Post-IPO | – | – | – |
| Jun 2018 | $10M | Post-IPO | – | – | – |
| May 2018 | $13M | Debt – Conventional | – | – | – |
| Dec 2017 | $4.5M | Post-IPO | – | – | |
| Sep 2016 | $7.05M | Post-IPO | – | – | – |
| Jun 2016 | $400,000 | Post-IPO | – | – | – |
| Jul 2015 | $10M | Post-IPO | – | – | – |
2 investors in total: 2 institutional.
Investors in Karora Resources
Karora Resources has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Westgold Resources and PALA.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
PALA is engaged in investment for sustainable supply chains. | – | pala.com | Zug, Switzerland | |
Australian gold producer operating multiple mines and processing plants | 2000 | westgold.com.au | Perth, Australia |
Investor details for Karora Resources
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Karora Resources
1 people are tracked at Karora Resources (1 in leadership).
| Name | Role | Group |
|---|---|---|
Graeme Sloan | Managing Director | Leadership |
Complete people profiles for Karora Resources
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Karora Resources
5 dated milestones of Karora Resources across 18 years, from founding to its latest funding, stage changes and deals.
- Founded Karora Resources is founded.
- Funding First funding round of $500K.
- IPO Lists on the stock exchange (IPO).
- Funding Latest funding round, Post-IPO, of $151K.
- Exit Acquired by Westgold Resources.
Similar companies to Karora Resources
10 companies that operate in the same segment as Karora Resources (Mining Companies), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Gold mining and exploration services are provided worldwide. | 1916 | Greenwood Village, Colorado, United States | – | USD 18.56 B | 42,600 | |
Gold is produced from eight operating mines in four countries. | 1887 | Sandton, Gauteng, South Africa | – | USD 9.45 B | – | |
Copper, gold, and molybdenum are mined across international operations. | 1912 | Phoenix, Arizona, United States | – | USD 25.91 B | 28,500 | |
Lithium exploration and development are conducted in the United States. | 1983 | New York, New York, United States | – | – | – | |
Iron ore and nickel are mined and processed internationally. | 1942 | Rio De Janeiro, Rio De Janeiro, Brazil | – | USD 933.72 M | 3,040 | |
First Majestic is engaged in silver and gold mining operations. | 2002 | Vancouver, British Columbia, Canada | – | USD 1.29 B | – | |
Diversified exploration and development of metals are conducted globally. | 1949 | Rouyn-noranda, Quebec, Canada | – | USD 1.06 M | – | |
CIMIC Group is recognized as an engineering-led services provider in construction and resources. | 1949 | Sydney, New South Wales, Australia | – | – | – | |
Gold is produced by Sibanye-Stillwater in South Africa. | 2012 | Westonaria, Gauteng, South Africa | – | USD 7.84 B | 479 | |
Uranium and vanadium exploration and development services are provided. | 2006 | Lakewood, United States | – | USD 78.11 M | 1,370 |
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Frequently Asked Questions about Karora Resources
Karora Resources was founded in 2006 and raised its 1st funding round 2 years after it was founded.
Karora Resources is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Karora Resources is a funded company, having raised a total of $500K across 13 funding rounds to date. The company's 1st funding round was a Post-IPO of $10M, raised on Dec 2008.
Karora Resources was established in 2006 and is headquartered in Toronto, Canada. Operations focus on the exploration and development of metal resources, with services encompassing geological assessments, project management, and resource evaluation. The company operates primarily in the mining sector, targeting precious and base metals. Leadership is provided by Managing Director Graeme Sloan, overseeing activities from the Toronto base.
Karora Resources has 2 investors. Key investors include Westgold Resources, and PALA.
Yes. Karora Resources was acquired by Westgold Resources in April 2024.