KoBold Metals valuation, funding and investors

KoBold Metals works in critical mineral exploration and development, based in Berkeley, United States. Founded in 2018, it has about 366 employees.

Series C

VALUATION · TODAY

$4.45B +0% after Series C

Range $3.05B – $5.11B · Grade A

TODAY

+12 MO

$2.00B

$4.00B

$6.00B

2019

2020

2021

2022

2023

2024

2025

2026

2027

Series B $193M

Growth $492M

Series C $537M

ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then

HEADCOUNT · TODAY366 employees

+42%6m growth

+48%1y growth

+93%2y growth

250

500

Data from Jan 2021

TODAY

Predicted in 1 yr $4.45B +0% vs today

Predicted next raise $489M if a round comes

Winding-down probability 0%

Last round: Series C · $537M · Jan 2025
Valuation at last round: $2.96B
Headcount: 366 · growing
Grade: A
Founded: 2018

How VCMC values companies →

KoBold Metals valuation today

VCMC values KoBold Metals at $4.4B today, with a range of $3.0B to $5.1B and a grade of A. The valuation starts from its last funding round, a Series C round in Jan 2025.

Valuation by date (110 rows)

Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.

KoBold Metals: valuation by date, as the model would have shown it on each date
Date	Valuation	Range	Predicted in 1 yr	Phase	Headcount	Trend	Grade	Winding-down probability
1 Jan 2018	$9.63M	$3.51M – $26.5M	$13.2M (+37%)	before first round	–	unknown	D	0%
1 Feb 2018	$9.89M	$3.60M – $27.2M	$13.6M (+37%)	before first round	–	unknown	D	0%
1 Mar 2018	$10.1M	$3.69M – $27.8M	$13.9M (+37%)	before first round	–	unknown	D	0%
1 Apr 2018	$10.4M	$3.79M – $28.6M	$14.3M (+37%)	before first round	–	unknown	D	0%
1 May 2018	$10.7M	$3.89M – $29.3M	$14.6M (+37%)	before first round	–	unknown	D	0%
1 Jun 2018	$11.0M	$3.99M – $30.1M	$15.0M (+37%)	before first round	–	unknown	D	0%
1 Jul 2018	$11.3M	$4.10M – $30.9M	$15.4M (+37%)	before first round	–	unknown	D	0%
1 Aug 2018	$11.6M	$4.21M – $31.8M	$15.6M (+35%)	before first round	–	unknown	D	0%
1 Sep 2018	$11.9M	$4.33M – $32.6M	$15.7M (+32%)	before first round	–	unknown	D	0%
1 Oct 2018	$12.2M	$4.44M – $33.5M	$15.9M (+30%)	before first round	–	unknown	D	0%
1 Nov 2018	$12.5M	$4.56M – $34.4M	$16.0M (+28%)	before first round	–	unknown	D	0%
1 Dec 2018	$12.9M	$4.68M – $35.3M	$16.2M (+26%)	before first round	–	unknown	D	0%
1 Jan 2019	$13.2M	$4.81M – $36.3M	$16.3M (+24%)	before first round	–	unknown	D	0%
1 Feb 2019	$13.6M	$4.94M – $37.3M	$16.5M (+21%)	before first round	–	unknown	D	0%
1 Mar 2019	$13.9M	$5.06M – $38.2M	$16.6M (+19%)	before first round	–	unknown	D	0%
1 Apr 2019	$14.3M	$5.20M – $39.2M	$16.8M (+17%)	before first round	–	unknown	D	0%
1 May 2019	$14.6M	$5.33M – $40.2M	$16.9M (+15%)	before first round	–	unknown	D	0%
1 Jun 2019	$15.0M	$5.48M – $41.3M	$17.1M (+13%)	before first round	–	unknown	D	0%
1 Jul 2019	$15.4M	$5.62M – $42.4M	$17.2M (+11%)	before first round	–	unknown	D	0%
1 Aug 2019	$15.6M	$5.68M – $42.8M	$17.4M (+11%)	before first round	–	unknown	D	0%
1 Sep 2019	$15.7M	$5.73M – $43.2M	$17.5M (+11%)	before first round	–	unknown	D	0%
1 Oct 2019	$15.9M	$5.78M – $43.6M	$17.7M (+11%)	before first round	–	unknown	D	0%
1 Nov 2019	$16.0M	$5.83M – $44.0M	$17.8M (+11%)	before first round	–	unknown	D	0%
1 Dec 2019	$16.2M	$5.89M – $44.4M	$18.0M (+11%)	before first round	–	unknown	D	0%
1 Jan 2020	$16.3M	$5.94M – $44.8M	$18.2M (+11%)	before first round	–	unknown	D	0%
1 Feb 2020	$16.5M	$5.99M – $45.2M	$18.3M (+11%)	before first round	–	unknown	D	0%
1 Mar 2020	$16.6M	$6.05M – $45.6M	$18.5M (+11%)	before first round	–	unknown	D	0%
1 Apr 2020	$16.8M	$6.10M – $46.0M	$18.7M (+11%)	before first round	–	unknown	D	0%
1 May 2020	$16.9M	$6.16M – $46.4M	$18.8M (+11%)	before first round	–	unknown	D	0%
1 Jun 2020	$17.1M	$6.21M – $46.9M	$19.0M (+11%)	before first round	–	unknown	D	0%
1 Jul 2020	$17.2M	$6.27M – $47.3M	$19.2M (+11%)	before first round	–	unknown	D	0%
1 Aug 2020	$17.4M	$6.33M – $47.7M	$19.3M (+11%)	before first round	–	unknown	D	0%
1 Sep 2020	$17.5M	$6.38M – $48.2M	$19.5M (+11%)	before first round	–	unknown	D	0%
1 Oct 2020	$17.7M	$6.44M – $48.6M	$19.7M (+11%)	before first round	–	unknown	D	0%
1 Nov 2020	$17.9M	$6.50M – $49.0M	$19.9M (+11%)	before first round	–	unknown	D	0%
1 Dec 2020	$18.0M	$6.56M – $49.5M	$20.1M (+11%)	before first round	–	unknown	D	0%
1 Jan 2021	$19.4M	$7.06M – $53.3M	$21.6M (+11%)	before first round	24	unknown	D	0%
1 Feb 2021	$19.6M	$7.13M – $53.8M	$21.8M (+11%)	before first round	24	unknown	D	0%
1 Mar 2021	$19.7M	$7.19M – $54.2M	$21.9M (+11%)	before first round	24	unknown	D	0%
1 Apr 2021	$19.9M	$7.25M – $54.7M	$22.1M (+11%)	before first round	24	flat	D	0%
1 May 2021	$20.1M	$7.32M – $55.2M	$22.2M (+11%)	before first round	24	flat	D	0%
1 Jun 2021	$20.3M	$7.38M – $55.7M	$22.4M (+10%)	before first round	24	flat	D	0%
1 Jul 2021	$20.5M	$7.45M – $56.2M	$22.6M (+10%)	before first round	24	flat	D	0%
1 Aug 2021	$20.6M	$7.52M – $56.7M	$22.7M (+10%)	before first round	24	flat	D	0%
1 Sep 2021	$20.8M	$7.59M – $57.2M	$22.9M (+10%)	before first round	24	flat	D	0%
1 Oct 2021	$21.0M	$7.65M – $57.7M	$23.1M (+10%)	before first round	24	flat	D	0%
1 Nov 2021	$21.2M	$7.72M – $58.3M	$23.2M (+10%)	before first round	24	flat	D	0%
1 Dec 2021	$21.4M	$7.79M – $58.8M	$23.4M (+9%)	before first round	24	flat	D	0%
1 Jan 2022	$21.6M	$7.86M – $59.3M	$23.6M (+9%)	before first round	24	flat	D	0%
1 Feb 2022	$33.9M	$14.5M – $67.3M	$37.0M (+9%)	before first round	50	growing	C	0%
17 Feb 2022	$1.4B	$903M – $3.1B	$2.1B (+50%)	after a round	50	growing	C	0%
1 Mar 2022	$1.4B	$903M – $3.1B	$2.1B (+48%)	after a round	50	growing	C	0%
1 Apr 2022	$1.4B	$903M – $3.1B	$2.1B (+43%)	after a round	50	growing	C	0%
1 May 2022	$1.5B	$903M – $3.1B	$2.1B (+38%)	after a round	50	growing	C	0%
1 Jun 2022	$1.5B	$903M – $3.1B	$2.1B (+33%)	after a round	50	growing	C	0%
1 Jul 2022	$1.6B	$903M – $3.1B	$2.1B (+29%)	after a round	50	growing	C	0%
1 Aug 2022	$1.7B	$903M – $3.1B	$2.1B (+25%)	after a round	50	growing	C	0%
1 Sep 2022	$1.7B	$903M – $3.1B	$2.1B (+21%)	after a round	50	growing	C	0%
1 Oct 2022	$1.8B	$903M – $3.1B	$2.1B (+17%)	after a round	50	growing	C	0%
1 Nov 2022	$1.8B	$903M – $3.1B	$2.1B (+13%)	after a round	50	unknown	C	0%
1 Dec 2022	$1.9B	$903M – $3.1B	$2.1B (+9%)	after a round	50	unknown	C	0%
1 Jan 2023	$2.2B	$1.0B – $3.5B	$2.3B (+7%)	after a round	86	growing	C	0%
1 Feb 2023	$2.3B	$1.0B – $3.5B	$2.3B (+2%)	after a round	86	growing	C	0%
1 Mar 2023	$2.3B	$1.0B – $3.5B	$2.3B (0%)	after a round	86	growing	C	0%
1 Apr 2023	$2.3B	$1.0B – $3.5B	$2.3B (0%)	after a round	86	growing	C	0%
1 May 2023	$2.3B	$1.0B – $3.5B	$2.3B (0%)	after a round	86	growing	C	0%
1 Jun 2023	$2.3B	$1.1B – $3.5B	$2.3B (0%)	after a round	86	growing	C	0%
1 Jul 2023	$2.3B	$1.1B – $3.5B	$2.3B (0%)	after a round	86	growing	B	0%
1 Aug 2023	$2.3B	$1.1B – $3.5B	$2.3B (0%)	after a round	86	growing	B	0%
1 Sep 2023	$2.3B	$769M – $3.5B	$2.3B (0%)	after a round	86	unknown	C	0%
1 Oct 2023	$2.6B	$1.2B – $3.9B	$2.6B (0%)	after a round	140	growing	B	0%
1 Nov 2023	$2.6B	$1.3B – $3.9B	$2.6B (0%)	after a round	140	growing	B	0%
1 Dec 2023	$2.6B	$1.3B – $3.9B	$2.6B (0%)	after a round	140	growing	B	0%
1 Jan 2024	$2.6B	$1.3B – $3.9B	$2.6B (0%)	after a round	140	growing	B	0%
1 Feb 2024	$2.6B	$1.3B – $3.9B	$2.6B (0%)	after a round	140	growing	B	0%
1 Mar 2024	$2.7B	$1.2B – $4.1B	$2.7B (0%)	after a round	170	growing	B	0%
1 Apr 2024	$2.7B	$1.3B – $4.1B	$2.7B (0%)	after a round	170	growing	B	0%
1 May 2024	$2.7B	$1.3B – $4.1B	$2.7B (0%)	after a round	170	growing	B	0%
1 Jun 2024	$2.7B	$1.3B – $4.1B	$2.7B (0%)	after a round	170	growing	B	0%
1 Jul 2024	$2.7B	$1.3B – $4.2B	$2.7B (0%)	after a round	180	growing	B	0%
1 Aug 2024	$2.8B	$1.3B – $4.2B	$2.8B (0%)	after a round	190	growing	B	0%
1 Sep 2024	$2.8B	$1.3B – $4.2B	$2.8B (0%)	after a round	190	growing	B	0%
1 Oct 2024	$2.0B	$1.7B – $2.5B	$2.2B (+10%)	after a round	190	growing	A	0%
2 Oct 2024	$2.0B	$1.7B – $2.5B	$2.2B (+10%)	after a round	190	growing	A	0%
1 Nov 2024	$2.0B	$1.7B – $2.5B	$2.2B (+9%)	after a round	190	growing	A	0%
1 Dec 2024	$2.0B	$1.7B – $2.5B	$2.2B (+8%)	after a round	190	growing	A	0%
1 Jan 2025	$2.0B	$1.7B – $2.5B	$2.2B (+7%)	after a round	190	growing	A	0%
4 Jan 2025	$3.0B	$2.6B – $4.4B	$3.8B (+30%)	after a round	190	growing	A	0%
1 Feb 2025	$3.0B	$2.6B – $4.4B	$3.8B (+27%)	after a round	190	growing	A	0%
1 Mar 2025	$3.1B	$2.6B – $4.4B	$3.8B (+25%)	after a round	190	growing	A	0%
1 Apr 2025	$3.2B	$2.6B – $4.4B	$3.8B (+22%)	after a round	190	growing	A	0%
1 May 2025	$3.2B	$2.6B – $4.4B	$3.8B (+19%)	after a round	190	up	A	0%
1 Jun 2025	$3.3B	$2.6B – $4.4B	$3.8B (+17%)	after a round	190	up	A	0%
1 Jul 2025	$3.4B	$2.6B – $4.4B	$3.8B (+14%)	after a round	190	up	A	0%
1 Aug 2025	$3.5B	$2.6B – $4.7B	$4.0B (+14%)	after a round	238	growing	A	0%
1 Sep 2025	$3.7B	$2.6B – $4.7B	$4.1B (+12%)	after a round	248	growing	B	0%
1 Oct 2025	$3.8B	$2.6B – $4.7B	$4.1B (+9%)	after a round	248	growing	B	0%
1 Nov 2025	$3.9B	$2.6B – $4.7B	$4.1B (+6%)	after a round	258	growing	B	0%
1 Dec 2025	$4.0B	$2.6B – $4.7B	$4.1B (+3%)	after a round	258	growing	B	0%
1 Jan 2026	$4.1B	$2.6B – $4.7B	$4.1B (0%)	after a round	258	growing	B	0%
1 Feb 2026	$4.1B	$2.6B – $4.7B	$4.1B (0%)	after a round	258	growing	A	0%
1 Mar 2026	$4.1B	$2.6B – $4.7B	$4.1B (0%)	after a round	258	growing	A	0%
1 Apr 2026	$4.1B	$2.7B – $4.7B	$4.1B (0%)	after a round	258	growing	A	0%
1 May 2026	$4.3B	$2.7B – $5.0B	$4.3B (0%)	after a round	326	growing	B	0%
1 Jun 2026	$4.3B	$2.8B – $5.0B	$4.3B (0%)	after a round	326	growing	A	0%
1 Jul 2026	$4.3B	$2.8B – $5.0B	$4.3B (0%)	after a round	326	growing	A	0%
1 Aug 2026	$4.4B	$2.9B – $5.0B	$4.4B (0%)	after a round	336	growing	A	0%
1 Sep 2026	$4.4B	$2.9B – $5.0B	$4.4B (0%)	after a round	336	growing	A	0%
1 Oct 2026	$4.4B	$3.0B – $5.1B	$4.4B (0%)	after a round	366	growing	A	0%
24 Oct 2026	$4.4B	$3.0B – $5.1B	$4.4B (0%)	after a round	366	growing	A	0%

Key facts about KoBold Metals

Founded: 2018
Headquarters: Berkeley, United States
Employees: about 366 +48% in a year
Total raised: $1.22B
Funding rounds: 3
Last round: Series C Jan 2025

KoBold Metals was founded in 2018 by Jeff Jurinak, Josh Goldman and Kurt House.

KoBold Metals funding history

KoBold Metals has 3 funding rounds on record, from Feb 2022 to Jan 2025, $1.22B in total. The latest disclosed valuation is $2.96B post-money (Series C, Jan 2025).

Series C 3 Jan 2025
Led by Durable Capital Partners, T. Rowe Price; with Andreessen Horowitz, BOND, Breakthrough Energy, Earthshot Ventures, Equinor, July Fund, Mitsubishi, Standard Investments, StepStone Group, WCM Investment Management.
Sources: me.smenet.org, nzherald.co.nz, ecofinagency.com and 1 more
$537M
$2.96B post-money
Growth Equity 1 Oct 2024
Investors not disclosed.
Sources: blumbergcapital.com, miningmx.com
$492M
$2.00B post-money
Series B 16 Feb 2022
Investors not disclosed.
Sources: lw.com, thedeepdive.ca
$193M

KoBold Metals investors

12 investors have backed KoBold Metals; Durable Capital Partners and T. Rowe Price led at least one round.

Durable Capital Partners lead
T. Rowe Price lead
Andreessen Horowitz
BOND
Breakthrough Energy
Equinor
July Fund
Mitsubishi
Standard Investments
StepStone Group
WCM Investment Management

What KoBold Metals does

KoBold Metals works in mining & gas exploration, with 13 recorded offerings and customers in energy and renewable energy.

KoBold Metals is a United States company engaged in scientific mineral exploration and development, with a focus on critical minerals such as copper, cobalt, lithium, and nickel. The company operates globally, managing both 100% owned projects and joint ventures, and utilizes artificial intelligence and scientific computing to support its exploration and development activities. KoBold Metals also engages in partnerships with companies, academic institutions, and governments to advance sustainable energy solutions.

Description from Veridion's company data.

Products and services

Critical Mineral Exploration and Development
Critical Mineral Resource Assessment
AI-Driven Exploration Hypothesis Generation
Scientific Computing Application in Exploration
Joint Venture Project Development
100% Owned Project Development
Critical Mineral Deposit Discovery
Sustainable Energy Materials Research
Electric Vehicle Mineral Supply Solutions
Renewable Energy Mineral Supply Solutions
Global Mineral Resource Consulting
Academic and Government Partnership Development
Industry Partnership Development

Markets

Energy
Renewable Energy

Technology

AI-Driven Exploration
Scientific Computing for Exploration

Business model

Business-to-Business
Enterprise

Industry codes (NAICS)

213114 Support Activities for Metal Mining 100% match

Questions about KoBold Metals

What is KoBold Metals worth?

Valuation $4.4B (range $3.0B to $5.1B), as of 24 Oct 2026. The last disclosed valuation was $2.96B (Series C, Jan 2025).

Has KoBold Metals raised money?

KoBold Metals has 3 funding rounds on record, from Feb 2022 to Jan 2025, $1.22B in total. The latest disclosed valuation is $2.96B post-money (Series C, Jan 2025).

Who has invested in KoBold Metals?

Durable Capital Partners, T. Rowe Price, Andreessen Horowitz, BOND, Breakthrough Energy and Earthshot Ventures, and 6 more. Lead investors include Durable Capital Partners and T. Rowe Price.

How many people work at KoBold Metals?

About 366, up 48% over the last year. Headcount grew from 24 in Jan 2021 to 366 in Sep 2026.

What does KoBold Metals do?

KoBold Metals works in mining & gas exploration, with 13 recorded offerings and customers in energy and renewable energy. Its main offerings are critical mineral exploration and development, critical mineral resource assessment and AI-Driven exploration hypothesis generation.

When was KoBold Metals founded, and where is it based?

KoBold Metals was founded in 2018 and is based in Berkeley, United States. It has about 366 employees, up 48% over the last year.

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