# USA Rare Earth funding: rounds and investors

> USA Rare Earth has raised $2.7B across 2 rounds since 2026. Investors include Evolution VC Partners and Ruttenberg Gordon Investments.

Source: https://millionrounds.com/company/usa-rare-earth (Millionrounds; every figure on the page links to its filing or article)

United States · [Funded startup](https://millionrounds.com/companies)

# Who invested in *USA Rare Earth*

2 rounds we have observed, with the 2 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Chemicals & Materials

Raised 2 months ago

Funding summary Updated 26 Oct 2026

**$2.7B** raised across 2 rounds since 2026, from 2 sources

**$1.5B** Round **$1.2B** Debt

- **Latest round:** Debt, $1.2B Sept 2026
- **Biggest round:** $1.5B Round · Jan 2026
- **Investors:** 2

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2026 2027

**$1.5B** Round

**$1.2B** Debt

- **First round:** Round, $1.5B
- **Biggest round:** $1.5B
- **Between rounds:** 8 months

## The rounds

- **Sept 2026** Debt **$1.2B** *1 returning* [Evolution VC Partners](https://millionrounds.com/fund/evolution-vc-partners) Source recorded
- **Jan 2026** Round **$1.5B** *2 new* [Evolution VC Partners](https://millionrounds.com/fund/evolution-vc-partners) [Ruttenberg Gordon Investments](https://millionrounds.com/fund/ruttenberg-gordon-investments) Source recorded

## Founders and team

From USA Rare Earth's own website: 8 on the team.

- **Thras Moraitis** President & Chief Executive Officer
- **Greg Bowman** Chief Global Policy Officer
- **Valerie Ford Jacob** Chief Legal Officer
- **David Bushi** Head of Downstream
- **David Ovejero** Group Head of Corporate Development
- **Dr. Alex Moyes** Head of Upstream, USA
- **Markus Noethiger** Group Head of Sustainability
- **Victoria Sprenger** Acting Head of People

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Round** 2026 **Debt** 2026 [Evolution VC Partners](https://millionrounds.com/fund/evolution-vc-partners) [Ruttenberg Gordon Investments](https://millionrounds.com/fund/ruttenberg-gordon-investments)

## Everyone who backed them

[Evolution VC Partners](https://millionrounds.com/fund/evolution-vc-partners) VC firm **2** rounds

[Ruttenberg Gordon Investments](https://millionrounds.com/fund/ruttenberg-gordon-investments) Family office **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=usa-rare-earth).

## Quick answers about USA Rare Earth

### Who invested in USA Rare Earth?

USA Rare Earth's investors include Evolution VC Partners and Ruttenberg Gordon Investments.

### How much has USA Rare Earth raised?

USA Rare Earth has raised $2.7B across 2 rounds since 2026.

### When did USA Rare Earth last raise?

USA Rare Earth's most recent round was a Debt of $1.2B in Sept 2026.

### What was USA Rare Earth's biggest round?

USA Rare Earth's largest round on record is $1.5B (Undisclosed round), in Jan 2026.

### Who backed USA Rare Earth first?

USA Rare Earth's first round on record, in Jan 2026, was backed by Evolution VC Partners and Ruttenberg Gordon Investments.

### What stage is USA Rare Earth at?

USA Rare Earth's latest named round is a Debt, in Sept 2026.

### Where is USA Rare Earth based?

USA Rare Earth is based in the United States.

## Companies like USA Rare Earth

In the same sector, and raised in the last eighteen months.

[**Albert Invent** $20M · Oct 2026](https://millionrounds.com/company/albert-invent)[**Albert** $57M · Oct 2026](https://millionrounds.com/company/albert)[**Azulene Labs** $3.4M · Sept 2026](https://millionrounds.com/company/azulene-labs)[**Critical Materials Group** $10M · Sept 2026](https://millionrounds.com/company/critical-materials-group)[**Rise Reforming** $500K · Sept 2026](https://millionrounds.com/company/rise-reforming)[**Fluxnium** $7.0M · Sept 2026](https://millionrounds.com/company/fluxnium)

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