Funding round
KoBold Metals Growth
Reported as "Growth Equity"
KoBold Metals, which works in critical mineral exploration and development in Berkeley, raised $492M in a Growth round announced on 1 Oct 2024, at a $2.00B post-money valuation. It is KoBold Metals' second venture round on record; the one before was a Series B in Feb 2022.
$492M
Amount raised
$2.00B
Post-money valuation
$1.51B pre-money
25%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced KoBold Metals at $2.00B after the new money. The $492M bought investors about 25% of the company. It came 32 months after KoBold Metals' Series B. It is 40% of the $1.22B KoBold Metals has raised in the venture rounds on record. KoBold Metals raised again 3 months later: a Series C round of $537M in Jan 2025, at $2.96B post-money.
Comparable rounds
How it compares
The closest in time, other companies' Growth rounds in Mining & Gas Exploration:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Mining & Gas Exploration | 1 Oct 2024 | $341M | not disclosed | not named |
| Serra Verde Group Mining & Gas Exploration | 21 Oct 2024 | $150M | not disclosed | Energy and Minerals Group and Vision Blue |
| Mining & Gas Exploration | 22 Apr 2024 | $50M | not disclosed | not named |
| Mining & Gas Exploration | 29 Sep 2025 | $169M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did KoBold Metals raise in its Growth round?
KoBold Metals raised $492M in its Growth round, announced in Oct 2024.
What was KoBold Metals' valuation at the Growth round?
$2.00B post-money ($1.51B pre-money).
Did KoBold Metals raise again after this round?
Yes: a Series C round in Jan 2025 of $537M at $2.96B post-money.