What is KoBold Metals?
KoBold Metals is pioneering a new era in mineral exploration by integrating advanced data science and software engineering with traditional geological expertise. The company aims to accelerate the discovery of new ore deposits essential for the widespread adoption of electric vehicles. By leveraging proprietary technology developed by alumni from top Silicon Valley firms, KoBold guides every facet of exploration, mine development, and operations. Its multidisciplinary team, comprising dozens of PhDs in scientific fields and seasoned mineral explorers with a proven track record of discoveries, positions KoBold at the forefront of resource identification.
How much funding has KoBold Metals raised?
KoBold Metals has raised a total of $1.1B across 5 funding rounds:
Series A
$20M
Series B
$192.5M
Other Financing Round
$200M
Other Financing Round
$537M
Other Financing Round
$163.4M
Series A (2019): $20M with participation from Andreessen Horowitz and Breakthrough Energy Ventures
Series B (2022): $192.5M led by Apollo Projects, Bond Capital, and BHP Group
Other Financing Round (2023): $200M supported by Breakthrough Energy Ventures
Other Financing Round (2025): $537M featuring Durable Capital Partners, The Stepstone Group, Andreessen Horowitz, and T. Rowe Price
Other Financing Round (2025): $163.4M, investors not publicly disclosed
Key Investors in KoBold Metals
Andreessen Horowitz
Andreessen Horowitz is a prominent American venture capital firm known for investing in both early-stage startups and established growth companies, headquartered in Menlo Park, California.
Breakthrough Energy Ventures
Breakthrough Energy Ventures (BEV) is a significant investment fund backed by global business leaders, focused on financing cutting-edge companies that drive the transition to net-zero emissions across various sectors.
Bond Capital
Bond Capital specializes in real estate development, focusing on creating vibrant communities and prioritizing the psychological aspects of community building to foster common interests.
What's next for KoBold Metals?
The substantial capital infusion, characterized as major enterprise-level funding and a recent strategic investment, signals KoBold Metals' transition into a scaling phase. This financing is expected to fuel the expansion of its technological infrastructure and exploration initiatives, enabling the company to aggressively pursue new mineral discoveries. The strategic backing from prominent investors suggests a strong market confidence in KoBold's innovative approach to addressing the growing demand for critical minerals required for the global energy transition.
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