# Top 41 Oil and Gas Startups in Europe by Funding (2026)

> The 41 best-funded oil and gas startups in Europe, ranked by total funding raised: $5.4B combined. With founding year, headquarters and each company's rounds.

Source: https://millionrounds.com/top-lists/oil-and-gas-startups-europe (Millionrounds; every figure on the page links to its filing or article)

- 1 [**Trident Royalties plc** Trident Royalties is a mining royalty company.](https://millionrounds.com/company/trident-royalties-plc) Trident Royalties is a mining royalty company. *Founded* 2018 London, United Kingdom **$2.3B** last round Mar 2024
- 2 [**Kore Potash** Kore Potash is an advanced stage mineral exploration and development company.](https://millionrounds.com/company/kore-potash) Kore Potash is an advanced stage mineral exploration and development company. *Founded* 2010 London, United Kingdom **$2.2B** last round Jun 2025
- 3 [**Savannah Resources** An Energy Metals Group Rapidly Advancing Western Europe’s Largest Spodumene Lithium Resource](https://millionrounds.com/company/savannah-resources) An Energy Metals Group Rapidly Advancing Western Europe’s Largest Spodumene Lithium Resource *Founded* 2010 London, United Kingdom **$128M** last round Jan 2026
- 4 [**ROVOP** ROVOP is an independent operator of ROVs that specializes in all aspects of ROV operations to offer knowledge in depth every time.](https://millionrounds.com/company/rovop) ROVOP is an independent operator of ROVs that specializes in all aspects of ROV operations to offer knowledge in depth every time. *Founded* 2011 Aberdeen, United Kingdom **$116M** last round Apr 2023
- 5 [**MAR mining** MAR mining is a digital asset and cloud mining service provider.](https://millionrounds.com/company/mar-mining) MAR mining is a digital asset and cloud mining service provider. *Founded* 2018 London, United Kingdom **$100M** last round May 2024
- 6 [**China Nonferrous Gold** China Nonferrous Gold Limited mines, explores, and develops mineral properties the United Kingdom, the People’s Republic of China.](https://millionrounds.com/company/china-nonferrous-gold) China Nonferrous Gold Limited mines, explores, and develops mineral properties the United Kingdom, the People’s Republic of China. *Founded* 2013 London, United Kingdom **$65M** last round Jun 2023
- 7 [**Vision Blue Resources** Vision Blue Resources is to create a portfolio of strategic investments in clean energy-related metal and mineral resource companies.](https://millionrounds.com/company/vision-blue-resources) Vision Blue Resources is to create a portfolio of strategic investments in clean energy-related metal and mineral resource companies. *Founded* 2021 United Kingdom **$60M** last round Feb 2021
- 8 [**Kavango Resources** Kavango Resources is a mineral exploration company focusing on prospective copper, nickel, and PGE metals.](https://millionrounds.com/company/kavango-resources) Kavango Resources is a mineral exploration company focusing on prospective copper, nickel, and PGE metals. *Founded* 2017 London, United Kingdom **$57M** last round Aug 2026
- 9 [**i3 ENERGY** i3 Energy develops and produces oil and gas assets in diverse locations.](https://millionrounds.com/company/i3-energy) i3 Energy develops and produces oil and gas assets in diverse locations. *Founded* 2014 Westmill, United Kingdom **$55M** last round May 2024
- 10 [**Rivan**](https://millionrounds.com/company/rivan) *Founded* 2026 United Kingdom **$47M** last round Apr 2026
- 11 [**Genomines** Genomines is a deeptech and biotechnology startup based in Paris, France, with operations in Saclay.](https://millionrounds.com/company/genomines) Genomines is a deeptech and biotechnology startup based in Paris, France, with operations in Saclay. *Founded* 2021 Paris, France **$45M** last round Sept 2025
- 12 [**MagREEsource** MagREEsource is to link the circular economy by providing a green metallurgical solution.](https://millionrounds.com/company/magreesource) MagREEsource is to link the circular economy by providing a green metallurgical solution. *Founded* 2020 Grenoble, France **$27M** last round Jul 2025
- 13 [**Lithosquare** Lithosquare is a Paris-based company specializing in geology and artificial intelligence.](https://millionrounds.com/company/lithosquare) Lithosquare is a Paris-based company specializing in geology and artificial intelligence. *Founded* - France **$25M** last round May 2026
- 14 [**Green Minerals** Green mineral is a offshore mining that explore, extract and export minerals.](https://millionrounds.com/company/green-minerals) Green mineral is a offshore mining that explore, extract and export minerals. *Founded* 2020 Asker, Norway **$25M** last round Jul 2025
- 15 [**45-8 ENERGY** 45-8 ENERGY is exploring eco-friendly helium for uses in many industries.](https://millionrounds.com/company/45-8-energy) 45-8 ENERGY is exploring eco-friendly helium for uses in many industries. *Founded* 2017 Metz, France **$22M** last round Apr 2023
- 16 [**ArteOlio** Arte Olio is a producer of extra-virgin olive oil.](https://millionrounds.com/company/arte-olio) Arte Olio is a producer of extra-virgin olive oil. *Founded* 2019 Grosseto, Italy **$19M** last round Sept 2023
- 17 [**Guardian Metal Resources** Guardian Metal Resources is a mineral exploration and development company focused solely on the mining-friendly state of Nevada.](https://millionrounds.com/company/guardian-metal-resources) Guardian Metal Resources is a mineral exploration and development company focused solely on the mining-friendly state of Nevada. *Founded* - London, United Kingdom **$18M** last round Aug 2025
- 18 [**Seloxium** Seloxium is a University of Oxford spin-out company revolutionising the mining, refining, and recycling sectors by selectively extracting valuable metals from w](https://millionrounds.com/company/seloxium) Seloxium is a University of Oxford spin-out company revolutionising the mining, refining, and recycling sectors by selectively extracting valuable metals from w *Founded* 2022 Yarnton, United Kingdom **$16M** last round Feb 2026
- 19 [**CorrosionRADAR** Smarter infrastructure using Industrial Internet of Things and Predictive Analytics](https://millionrounds.com/company/corrosionradar) Smarter infrastructure using Industrial Internet of Things and Predictive Analytics *Founded* 2017 Cambridge, United Kingdom **$16M** last round Sept 2024
- 20 [**Aberdeen Minerals** Aberdeen Minerals is a privately held firm that conducts mineral exploration for battery raw materials, mostly nickel and copper.](https://millionrounds.com/company/aberdeen-minerals) Aberdeen Minerals is a privately held firm that conducts mineral exploration for battery raw materials, mostly nickel and copper. *Founded* 2021 Ellon, United Kingdom **$10M** last round Sept 2026
- 21 [**W Resources** W Resources provides strategy is to build a European mining company focussed on delivering long term production of tungsten.](https://millionrounds.com/company/w-resources) W Resources provides strategy is to build a European mining company focussed on delivering long term production of tungsten. *Founded* 2004 United Kingdom **$8.5M** last round Apr 2021
- 22 [**Aloxy** Aloxy offers an industrial internet of things solution for the industry to monitor manual valve position.](https://millionrounds.com/company/aloxy) Aloxy offers an industrial internet of things solution for the industry to monitor manual valve position. *Founded* 2017 Antwerpen, Belgium **$8.1M** last round Mar 2025
- 23 [**sensmore** Sensmore develops AI Automation 2.0 software for automating heavy machines and offers an asset management platform.](https://millionrounds.com/company/sensmore) Sensmore develops AI Automation 2.0 software for automating heavy machines and offers an asset management platform. *Founded* 2022 Berlin, Germany **$7.3M** last round May 2025
- 24 [**Romco Group** Romco Group is a UK-based multinational company focused on non-ferrous metals recycling.](https://millionrounds.com/company/romco-group) Romco Group is a UK-based multinational company focused on non-ferrous metals recycling. *Founded* 2015 London, United Kingdom **$6.4M** last round Feb 2022
- 25 [**Palturai** Palturai is a leading provider of KnowledgeGraph solutions based in Hofheim am Taunus, Germany, with additional offices in Poznań, Poland, and representation in](https://millionrounds.com/company/palturai) Palturai is a leading provider of KnowledgeGraph solutions based in Hofheim am Taunus, Germany, with additional offices in Poznań, Poland, and representation in *Founded* 2014 Hofheim, Germany **$4.9M** last round May 2021
- 26 [**HYMETH** Hymeth is a Danish clean-tech company founded in 2016, focused on developing high-efficiency alkaline electrolyzers for green hydrogen production.](https://millionrounds.com/company/hymeth) Hymeth is a Danish clean-tech company founded in 2016, focused on developing high-efficiency alkaline electrolyzers for green hydrogen production. *Founded* 2016 Malmoe, Denmark **$4.2M** last round May 2025
- 27 [**Akobo Minerals** Akobo Minerals is a gold exploration company focusing on projects.](https://millionrounds.com/company/akobo-minerals) Akobo Minerals is a gold exploration company focusing on projects. *Founded* 2010 Gothenburg, Sweden **$3.0M** last round Aug 2025
- 28 [**Keliber** Keliber is a Finnish mining company that seeks and develops lithium-rich spodumene pegmatite deposits in Central Ostrobothnia.](https://millionrounds.com/company/keliber) Keliber is a Finnish mining company that seeks and develops lithium-rich spodumene pegmatite deposits in Central Ostrobothnia. *Founded* 2014 Kaustinen, Finland **$2.9M** last round Mar 2020
- 29 [**Cornish Tin** Cornish Tin Limited works to advance the Great Wheal Vor Project into a net zero carbon enterprise powered by renewable energy.](https://millionrounds.com/company/cornish-tin) Cornish Tin Limited works to advance the Great Wheal Vor Project into a net zero carbon enterprise powered by renewable energy. *Founded* 2017 Truro, United Kingdom **$2.9M** last round Mar 2026
- 30 [**Anodine** Anodine is a French deep-tech startup based in Grenoble, founded in 2024.](https://millionrounds.com/company/anodine) Anodine is a French deep-tech startup based in Grenoble, founded in 2024. *Founded* 2024 Grenoble, France **$2.9M** last round Jan 2026
- 31 [**BlueBird Merchant Ventures** Bluebird Merchant Ventures Limited engages in exploring, mining, and developing gold properties.](https://millionrounds.com/company/bluebird-merchant-ventures) Bluebird Merchant Ventures Limited engages in exploring, mining, and developing gold properties. *Founded* - Tórtola, Spain **$2.7M** last round Jun 2025
- 32 [**GlassDollar** GlassDollar is a Berlin-based company founded in 2019 that specializes in venture clienting solutions.](https://millionrounds.com/company/glassdollar) GlassDollar is a Berlin-based company founded in 2019 that specializes in venture clienting solutions. *Founded* 2019 Berlin, Germany **$2.1M** last round May 2023
- 33 [**British Lithium** British Lithium discovers, evaluates, develops, and operates mineral resource projects.](https://millionrounds.com/company/british-lithium) British Lithium discovers, evaluates, develops, and operates mineral resource projects. *Founded* 2016 Roche, United Kingdom **$2.0M** last round Sept 2022
- 34 [**Peak Nickel** Peak Nickel Ltd is a privately owned, UK-registered company with exclusive 100% exploration and 100-year mining rights over the Rodburn Project, an emerging, hi](https://millionrounds.com/company/peak-nickel) Peak Nickel Ltd is a privately owned, UK-registered company with exclusive 100% exploration and 100-year mining rights over the Rodburn Project, an emerging, hi *Founded* 2017 Aberdeen, United Kingdom **$1.7M** last round Aug 2024
- 35 [**Southern Cross Britannia** Southern Cross Britannia is a mining company that engages in the exploration, development and production of copper and lithium properties.](https://millionrounds.com/company/southern-cross-britannia) Southern Cross Britannia is a mining company that engages in the exploration, development and production of copper and lithium properties. *Founded* 2018 London, United Kingdom **$1.4M** last round Jul 2026
- 36 [**CAA Mining** CAA Mining is a company that focuses on lithium and gold exploration mining.](https://millionrounds.com/company/caa-mining) CAA Mining is a company that focuses on lithium and gold exploration mining. *Founded* - United Kingdom **$943K** last round Jun 2023
- 37 [**Encore Lab** Encore Lab is a technology company that focuses on the development of electronic devices, software, and data analysis via data mining.](https://millionrounds.com/company/encore-lab) Encore Lab is a technology company that focuses on the development of electronic devices, software, and data analysis via data mining. *Founded* 2010 Logroño, Spain **$646K** last round Jan 2016
- 38 [**Back to Battery** Back to Battery can be used again in a new battery, back to battery and made of rings to symbolize circularity of business.](https://millionrounds.com/company/back-to-battery) Back to Battery can be used again in a new battery, back to battery and made of rings to symbolize circularity of business. *Founded* 2024 Limburg, Germany **$406K** last round Oct 2025
- 39 [**Process Vision** Process Vision provide revolutionary technology to improve operational excellence.](https://millionrounds.com/company/process-vision) Process Vision provide revolutionary technology to improve operational excellence. *Founded* 2017 Basingstoke, United Kingdom **$339K** last round Sept 2026
- 40 [**Four Point** Four Point develops TerraEye - Jumpstarting your next mineral exploration with AI-powered satellite data processing](https://millionrounds.com/company/four-point) Four Point develops TerraEye - Jumpstarting your next mineral exploration with AI-powered satellite data processing *Founded* 2021 Wroclaw, Poland **$213K** last round Mar 2023
- 41 [**eXenSa** eXenSa provides a scalable framework to compute models from various kind of data.](https://millionrounds.com/company/exensa) eXenSa provides a scalable framework to compute models from various kind of data. *Founded* 2011 Montrouge, France **$189K** last round Dec 2011

**Total funding** how the list is ranked

**15 November 2026** updated nightly

**Rounds we track** source: Millionrounds

Companies whose funding rounds we classed as this sector, ranked by the total they have raised in rounds we hold. Nobody pays to be on a list.

## Who backed them?

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## More oil and gas lists

[See all](https://millionrounds.com/top-lists?t=Oil%20and%20gas)

[*TR* *KP* *KM* **Oil and gas startups worldwide** 251 companies · $14B](https://millionrounds.com/top-lists/oil-and-gas-startups)

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[See all](https://millionrounds.com/top-lists?r=Europe)

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