How Much Did KoBold Metals Raise? Headquarters, Funding & Key Investors

KoBold Metals, founded in 2018 and headquartered in Berkeley, California, has raised a total of $938 million across three major funding rounds, reaching a $1.15 billion valuation. The company secured $201 million (Series B) in 2022, $200 million (Series C) in 2023, and $537 million (Series D) in 2024, backed by investors such as T. Rowe Price, Andreessen Horowitz, Breakthrough Energy, and BHP. Using its AI-powered Machine Prospector platform, KoBold Metals accelerates global exploration for critical minerals like nickel, copper, and lithium essential for clean energy systems.

How Much Did KoBold Metals Raise? Funding & Key Investors

KoBold Metals has raised a total of $938 million across multiple funding rounds, achieving a $1.15 billion valuation. The company, headquartered in Berkeley, United States, operates in the AI-Native and Mining Tech sector, applying machine learning and statistical modeling to discover new sources of critical minerals.

What Is KoBold Metals and What Does It Do?

KoBold Metals, founded in 2018 by Kurt House, Josh Goldman, and Jeff Jurinak, is headquartered in Berkeley, United States. The company combines geoscience, big data analytics, and AI to revolutionize mineral exploration and enable sustainable sourcing of materials for electric vehicles and renewable energy systems.

It employs 106 professionals as of December 2024, working across geology, data science, and engineering disciplines.

KoBold Metals’ proprietary Machine Prospector platform integrates geochemical, geophysical, and geological datasets with advanced statistical models to identify promising mineral deposits. By applying data-driven insights, the company reduces exploration time and increases discovery accuracy, minimizing environmental impact and exploration risks.

How Much Funding Has KoBold Metals Raised?

1. Series B

Amount Raised: $201M
Date: January 2022
Lead Investors: T. Rowe Price, Apollo Projects, Bond Capital, BHP, CPP Investments, Cleo Capital, Breakthrough Energy, Mitsubishi Motors North America, Andreessen Horowitz, Equinor, Standard Industries, Climate Capital, John Zimmer
Motivation: To expand exploration infrastructure, develop predictive analytics systems, and strengthen global partnerships.

2. Series C

Amount Raised: $200M
Date: March 2023
Lead Investors: Breakthrough Energy, Andreessen Horowitz, Bond Capital, T. Rowe Price, Standard Industries, BHP, Mitsubishi Corporation, Earthshot Ventures, July Fund, Equinor
Motivation: To fund global exploration initiatives and invest in advanced AI-driven geoscience R&D.

3. Series D

Amount Raised: $537M
Date: September 2024
Lead Investors: Durable Capital Partners, T. Rowe Price, Breakthrough Energy, Andreessen Horowitz
Motivation: To scale exploration projects globally and enhance machine learning-driven mineral modeling capabilities.

Total Funding Raised: $938 Million

Current Valuation: $1.15 Billion (as of Jun 2023)

Latest Funding Date: September 2024

Key Investors

1. T. Rowe Price

Details: Global asset management firm with a strong focus on sustainable investment strategies.
Investment Focus Areas: Clean energy, AI, data analytics, and industrial innovation.
Notable Investments: KoBold Metals, Anthropic, Rivian.

2. CPP Investments

Details: Canada Pension Plan Investment Board managing diversified global investments.
Investment Focus Areas: Infrastructure, energy transition, and technology.
Notable Investments: KoBold Metals, Enbridge, Orsted.

3. Andreessen Horowitz

Details: Leading Silicon Valley venture capital firm focused on frontier technology.
Investment Focus Areas: AI, software, deep tech, and clean energy.
Notable Investments: OpenAI, Character.ai, KoBold Metals.

4. Breakthrough Energy Ventures

Details: A climate-focused investment fund founded by Bill Gates.
Investment Focus Areas: Clean tech, sustainable materials, and renewable energy.
Notable Investments: KoBold Metals, Commonwealth Fusion Systems, Redwood Materials.

Where Is KoBold Metals’ Headquarters?

KoBold Metals is headquartered in Berkeley, California, a hub for innovation and scientific research. Its strategic location enables collaboration with top research institutions and technology partners, driving advancements in clean energy and sustainable mining.

What’s Next for KoBold Metals?

KoBold Metals is expanding its global exploration footprint with active projects across Africa, Australia, and North America. The company plans to deploy its AI-driven Machine Prospector technology to identify new sources of nickel, copper, and lithium critical to the electric vehicle supply chain.

With over $900 million in funding and backing from top global investors, KoBold Metals is accelerating efforts to make mineral exploration faster, cleaner, and more accurate. As demand for energy transition materials surges, the company is well-positioned to become a cornerstone in the future of sustainable resource discovery.

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