
KoBold Metals discovers the materials critical for the electric vehicle and renewable energy revolutions.

KoBold Metals discovers the materials critical for the electric vehicle and renewable energy revolutions.
What they do: AI-driven mineral exploration for critical battery metals (copper, lithium, nickel, cobalt)
Founded / HQ: 2018; Berkeley, California
Notable discovery: Major copper discovery in Zambia (Mingomba) reported
Recent funding: Large late-stage rounds including a reported $491M SEC filing (Oct 2024) and a reported $537M Series C close (Jan 2025)
Employee count: 350 (reported)
Critical-minerals discovery and development for clean-energy supply chains
2018
Mineral exploration / Clean energy supply chain
$195 million
$491 million (reported as raised toward a $527M target)
Disclosed via SEC filing
$537 million (reported)
Reported final close and valuation reported around $2.96B
“Participation from institutional and prominent investors including Durable Capital Partners, T. Rowe Price, Andreessen Horowitz and Breakthrough Energy Ventures (reported)”