Funding round
USA Rare Earth Series C
USA Rare Earth, which works in rare earth element mining and extraction in Stillwater, raised $50M in a Series C round announced on 20 May 2021. It is USA Rare Earth's first venture round on record.
$50M
Amount raised
Not disclosed
Post-money valuation
Valuation
What this round says about the price
USA Rare Earth did not disclose a valuation in this round. It is USA Rare Earth's first venture round on record, 2 years after it was founded in 2019. It is 1.1% of the $4.75B USA Rare Earth has raised in the venture rounds on record. USA Rare Earth raised again 56 months later: a Growth round of $1.50B in Jan 2026.
USA Rare Earth's funding rounds
USA Rare Earth has 4 venture rounds on record and 3 other deals. This one is highlighted.
- Series C this round 20 May 2021 $50M
- Other not a venture round 30 Apr 2025 $75M
- Growth 26 Jan 2026, led by Inflection Point Ventures $1.50B
- Grant not a venture round 1 May 2026, led by Texas Semiconductor Innovation Fund $14M
- Growth 30 Jun 2026 $1.60B
- Grant not a venture round 8 Oct 2026 $277M
- Growth 8 Oct 2026 $1.60B
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations and working capital.
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series C rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Trade Republic Financial Services | 20 May 2021 | $900M | $5.00B | Sequoia Capital |
| Payment Processing & Point of Sale | 18 May 2021 | $260M | $1.60B | SoftBank Vision Fund and SoftBank |
| Aurora Solar Tech Companies | 24 May 2021 | $250M | not disclosed | Coatue |
| Cryptocurrency | 5 May 2021 | $250M | $2.20B | Tiger Global and Coatue |
| Payment Processing & Point of Sale | 24 May 2021 | $250M | $1.45B | SoftBank Vision Fund |
| Biotechnology | 26 May 2021 | $200M | not disclosed | Cormorant Asset Management and HBM Healthcare Investments |
| Tech Companies | 18 May 2021 | $165M | not disclosed | D1 Capital Partners and Kaiser Permanente Ventures |
| Tech Companies | 7 May 2021 | $130M | $1.20B | Spark Capital |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did USA Rare Earth raise in its Series C round?
USA Rare Earth raised $50M in its Series C round, announced in May 2021.
What was USA Rare Earth's valuation at the Series C round?
It was not disclosed.
Did USA Rare Earth raise again after this round?
Yes: a Growth round in Jan 2026 of $1.50B.