Funding round
Koloma Growth
Reported as "Growth Equity"
Koloma, which works in natural hydrogen exploration and production in Denver, raised $56M in a Growth round announced on 2 Aug 2022, at a $800M post-money valuation. It is Koloma's second venture round on record; the one before was a Seed in Aug 2021.
$56M
Amount raised
$800M
Post-money valuation
7.0%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Koloma at $800M after the new money. The $56M bought investors about 7.0% of the company. It came 12 months after Koloma's Seed. It is 12% of the $447M Koloma has raised in the venture rounds on record. Koloma raised again 11 months later: a Growth round of $91M in Jul 2023.
Koloma's funding rounds
Koloma has 5 venture rounds on record and 1 other deal. This one is highlighted.
- Seed 19 Aug 2021 $5.0M
- Growth this round 2 Aug 2022 $56M$800M post-money
- Debt not a venture round 7 Jun 2023 amount not disclosed
- Growth 23 Jul 2023, led by Breakthrough Energy $91M
- Growth 9 Feb 2024, led by Khosla Ventures $246M
- Series B 15 Oct 2024, led by Osaka Gas and Mitsubishi Heavy Industries $50M
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
7 Growth rounds in Oil & Gas - Extraction & Distribution within a year either side disclosed an amount; the median was $268M, and this round was 21% of the median. The closest in time, other companies' Growth rounds in Oil & Gas - Extraction & Distribution:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Oil & Gas - Extraction & Distribution | 2 May 2022 | $300M | not disclosed | not named |
| Caliche Development Partners Oil & Gas - Extraction & Distribution | 29 Nov 2022 | $268M | not disclosed | not named |
| Oil & Gas - Extraction & Distribution | 7 Nov 2022 | $150M | not disclosed | not named |
| Oil & Gas - Extraction & Distribution | 1 Mar 2022 | $250M | not disclosed | Continental Resources |
| Oil & Gas - Extraction & Distribution | 18 Jan 2022 | $400M | not disclosed | EnCap Flatrock Midstream |
| Oil & Gas - Extraction & Distribution | 20 Apr 2023 | $300M | not disclosed | Energy Capital Partners |
| Oil & Gas - Extraction & Distribution | 22 Jun 2023 | $60M | not disclosed | not named |
Questions
Frequently asked
How much did Koloma raise in its Growth round?
Koloma raised $56M in its Growth round, announced in Aug 2022.
What was Koloma's valuation at the Growth round?
$800M post-money.
How does it compare with other Growth rounds in Oil & Gas - Extraction & Distribution?
7 Growth rounds in Oil & Gas - Extraction & Distribution within a year either side disclosed an amount; the median was $268M, and this round was 21% of the median.
Did Koloma raise again after this round?
Yes: a Growth round in Jul 2023 of $91M.