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

Kobold Metals Funding History: Rounds, Investors & Valuation

Private

Kobold Metals has raised $924.5M across 2 funding rounds, plus 1 undated round.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Kobold Metals funding · at a glance
Total raised, all rounds
$924.5M
sum of disclosed sizes
Funding rounds
2
plus 1 undated round
Latest round
Jan 2025
Jan 2025
Lead on that event
Durable Capital Partners
Andreessen Horowitz, BOND Capital, Breakthrough Energy Ventures, Earthshot Ventures, Equinor, July Fund, Mitsubishi, Standard Investments, StepStone, WCM Investment Management
2025
About Kobold Metals

KoBold Metals reached a $2.96 billion valuation in its January 2025 Series C round, a 150% increase from 2023 valuations. The $537 million round was co-led by Durable Capital Partners and T. Rowe Price funds, with participation from Andreessen Horowitz Growth, Breakthrough Energy Ventures, Mitsubishi, StepStone Group, and WCM Investment Management.

Funding timeline

The Kobold Metals funding timeline

2 funding rounds, the latest highlighted.

2020
Kobold Metals founded

Kobold Metals was founded in 2020, United States.

UNDATED
Series B

No date is disclosed for this round.

JUN 2023
Series C at $1B post-money

Andreessen Horowitz, Breakthrough Energy Ventures, BOND, Standard Investments, Equinor Ventures, BHP Ventures, Mitsubishi Corporation, Earthshot Ventures, July Fund. $195M raised, led by T. Rowe Price.

Valuation basispost-moneyAmount$195MPrice / shareLeadT. Rowe Price
IPO: NOT ANNOUNCED

No filing has been made.

Funding rounds

Kobold Metals funding rounds in full

2 dated rounds, newest first.

Round
Date
Amount
Valuation
Price / share
Lead investors
Participation
Series C LATEST
Jan 2025
$537M
—
—
Durable Capital Partners, T. Rowe Price
Andreessen Horowitz, BOND Capital, Breakthrough Energy Ventures, Earthshot Ventures, Equinor, July Fund, Mitsubishi, Standard Investments, StepStone, WCM Investment Management
Series C
Jun 2023
$195M
$1Bpost-money
—
T. Rowe Price
Andreessen Horowitz, Breakthrough Energy Ventures, BOND, Standard Investments, Equinor Ventures, BHP Ventures, Mitsubishi Corporation, Earthshot Ventures, July Fund
Series B
—
$192.5M
—
—
T. Rowe Price
Apollo Projects, BHP, Canada Pension Plan Investment Board, Andreessen Horowitz, Breakthrough Energy Ventures, BOND
Kobold Metals · investors

Investors

T. Rowe PriceLEADDurable Capital PartnersLEADBBill GatesJJeff Bezos

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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