Funding round
Koloma Growth
Reported as "Growth Equity"
Koloma, which works in natural hydrogen exploration and production in Denver, raised $91M in a Growth round announced on 23 Jul 2023, led by Breakthrough Energy. 5 firms took part. It is Koloma's third venture round on record; the one before was a Growth in Aug 2022.
$91M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
Koloma did not disclose a valuation in this round; its last disclosed one was $800M at the Growth (Aug 2022). It came 11 months after Koloma's Growth. It is 20% of the $447M Koloma has raised in the venture rounds on record. Koloma raised again 7 months later: a Growth round of $246M in Feb 2024.
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 2 Aug 2022 $56M$800M post-money
- Debt not a venture round 7 Jun 2023 amount not disclosed
- Growth this round 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
Investors
Who put money in
Breakthrough Energy led the round with 4 other firms.
Lead investor
- Breakthrough Energy backs 113 venture-backed companies new investor
Also in the round
- Energy Impact Partners backs 99 venture-backed companies new investor
- backs 17 venture-backed companies new investor
- backs 62 venture-backed companies new investor
- backs 20 venture-backed companies new investor
Comparable rounds
How it compares
6 Growth rounds in Oil & Gas - Extraction & Distribution within a year either side disclosed an amount; the median was $209M, and this round was 44% 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 | 22 Jun 2023 | $60M | not disclosed | not named |
| Saxum Energy Partners Oil & Gas - Extraction & Distribution | 10 Oct 2023 | $435M | not disclosed | not named |
| Oil & Gas - Extraction & Distribution | 20 Apr 2023 | $300M | not disclosed | Energy Capital Partners |
| 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 | 10 Apr 2024 | $40M | not disclosed | not named |
Sources
Where this comes from
Reported by 3 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Koloma raise in its Growth round?
Koloma raised $91M in its Growth round, announced in Jul 2023.
Who led Koloma's Growth round?
Breakthrough Energy led it, with Energy Impact Partners, Evok Innovations, Prelude Ventures and Piva Capital.
What was Koloma's valuation at the Growth round?
It was not disclosed; its last disclosed one was $800M at the Growth (Aug 2022).
How does it compare with other Growth rounds in Oil & Gas - Extraction & Distribution?
6 Growth rounds in Oil & Gas - Extraction & Distribution within a year either side disclosed an amount; the median was $209M, and this round was 44% of the median.
Did Koloma raise again after this round?
Yes: a Growth round in Feb 2024 of $246M.