Funding round
Koloma Series B
Koloma, which works in natural hydrogen exploration and production in Denver, raised $50M in a Series B round announced on 15 Oct 2024, led by Osaka Gas and Mitsubishi Heavy Industries. 9 firms took part. It is Koloma's fifth venture round on record; the one before was a Growth in Feb 2024.
$50M
Amount raised
Not disclosed
Post-money valuation
9
Investors
2 leads
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 8 months after Koloma's Growth. It is 11% of the $447M Koloma has raised in the venture rounds on record. No later venture round is on record for Koloma.
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 23 Jul 2023, led by Breakthrough Energy $91M
- Growth 9 Feb 2024, led by Khosla Ventures $246M
- Series B this round 15 Oct 2024, led by Osaka Gas and Mitsubishi Heavy Industries $50M
Investors
Who put money in
Osaka Gas and Mitsubishi Heavy Industries led the round with 7 other firms.
Lead investors
- Osaka Gas new investor
- Mitsubishi Heavy Industries new investor
Also in the round
- Breakthrough Energy backs 113 venture-backed companies new investor
- Amazon’s Climate Pledge Fund new investor
- United Airline’s Sustainable Flight Fund new investor
- 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 11 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, scaling operations and working capital.
- Hiring
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Oil & Gas - Extraction & Distribution, then Series B rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Oil & Gas - Extraction & Distribution | 1 Jan 2025 | $20M | not disclosed | Tamarack Global and Cantos |
| Poolside Software Development Services | 2 Oct 2024 | $500M | $3.00B | Bain Capital Ventures |
| Impulse Space Aerospace and Defence | 1 Oct 2024 | $150M | not disclosed | Founders Fund |
| Biotechnology | 2 Oct 2024 | $115M | $310M | Goldman Sachs Alternatives |
| Biotechnology | 22 Oct 2024 | $112M | not disclosed | Novo Holdings |
| Biotechnology | 9 Oct 2024 | $105M | not disclosed | Sofinnova Partners |
| Tech Companies | 29 Oct 2024 | $100M | $500M | JMI Equity |
| Biotechnology | 3 Oct 2024 | $84M | not disclosed | Syncona Ltd |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Koloma raise in its Series B round?
Koloma raised $50M in its Series B round, announced in Oct 2024.
Who led Koloma's Series B round?
Osaka Gas and Mitsubishi Heavy Industries led it, with Breakthrough Energy, Amazon’s Climate Pledge Fund, United Airline’s Sustainable Flight Fund, Energy Impact Partners and Evok Innovations and 2 more.
What was Koloma's valuation at the Series B round?
It was not disclosed; its last disclosed one was $800M at the Growth (Aug 2022).