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KOBOLD METALS
Kobold Metals
Mining · Berkeley, California · United States · Founded · 2020 · ≈ · 120 · employees

Kobold Metals: Company Profile & Valuation

Private

Kobold Metals, headquartered in US, remains privately held in the mining space. Its shares do not trade on a public exchange.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Kobold Metals at a glance
Last valuation
Raised across rounds
$924.5M
3 rounds
IPO status
Private
no listing announced
Nearest Canborsa market
CL—
CL-PERP · live
Kobold Metals
Valuation history

Kobold Metals valuation history

1 valuation. The latest, $1B post-money, was set by the Series C in Jun 2023.

Latest valuation
$1Bpost-money
Set by the Series C · 20 Jun 2023
Valuations
1
Priced rounds with a valuation
Event type
Primary round
The Series C · $195M raised
Undated: Series B at —.
Funding history

Kobold Metals funding rounds — every disclosed raise

Round
Date
Amount
Valuation
Lead investors
Δ valuation
Series C
Jun 2023
$195M
$1B
T. Rowe Price
—
Series C
Jan 2025
$537M
—
Durable Capital Partners, T. Rowe Price
—
Series B
—
$192.5M
—
T. Rowe Price
—
Kobold Metals · investors

Investors

T. Rowe PriceLEADDurable Capital PartnersLEADBBill GatesJJeff Bezos
Will Kobold Metals IPO?
Founded
2020
Jun 2023
Series C · $1B
Jan 2025
Series C
IPO
Not announced
No filing has been made.
Kobold Metals — the private market
Total raised$924.5M
Lead investors
T. Rowe PriceDurable Capital Partners
IPO statusNot announced
Founded · HQ2020 · Berkeley, California · United States
Employees≈ 120
Next price updatethe next funding round or secondary sale
Between roundsno daily price and no order book
About Kobold Metals

KoBold Metals is a scientific mineral exploration and development company focused on critical minerals. It is a Berkeley, California-based company that applies advanced data science and artificial intelligence, and founded in 2018, it reached a $2.96 billion valuation in January 2025 following a $537 million Series C round, bringing total funding to over $1 billion, with backers including Bill Gates' Breakthrough Energy Ventures, Jeff Bezos, and Andreessen Horowitz.

With approximately 60 active exploration projects across four continents and partnerships with mining giants BHP and Rio Tinto, KoBold's flagship find, Mingomba in Zambia, is one of the best copper deposits ever found and is being developed into one of the world's largest copper mines.

The money screen · ranked by accessibility

How to get Kobold Metals exposure today

1Funds that hold private namesPublic wrappers

Listed funds carry late-stage private names. A fund's latest schedule of investments shows whether it holds Kobold Metals.

Often trade at a premium or discount to NAV.

Any brokerage account
2Secondary marketplacesPrivate shares

Platforms match existing holders with buyers. Kobold Metals availability at any moment is set by the holders.

High minimums, transfer approval, company right-of-first-refusal.

Accredited only
3Follow the companyCompanies directory

Valuations, rounds and IPO status for every company in the directory — Kobold Metals included.

No account needed

Kobold Metals stock — frequently asked questions

Who has invested in Kobold Metals?›

Lead investors for each round are in the funding timeline.

Who are Kobold Metals's competitors?›

The closest mining peers are on the competitors page.

How can I get exposure to Kobold Metals?›

The routes section explains what is realistically available for a company at this stage.

Is Kobold Metals publicly traded?›

No. Kobold Metals is a private company; its shares do not trade on a public exchange.

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