Who invested in KoBold Metals

4 rounds we have observed, with the 14 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.

AIBig Data & AnalyticsClimate TechOil & Gas

Raised 12 months agoValuation: $1.0B, Mar 2026

Funding summaryUpdated 26 Oct 2026

$1.5Braised across 4 rounds since 2024, from 5 sources

$491MRound$537MSeries C$280MSeries C$163MVenture

Latest round: Series C, $280MNov 2025
Biggest round: $537MSeries C · Jan 2025
Investors: 14 (2 led)

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.

2025

$491MRound$537MSeries C$280MSeries C$163MVenture

First round: Round, $491M
Biggest round: $537M
Usual gap between rounds: 10 months

The rounds

Nov 2025
Series C$280M1 new3 returning
Source recordedSEC filing: $163M sold, first sale Oct 2025
Nov 2025
Venture$163M1 new3 returning
Source recordedSEC filing: $163M sold, first sale Oct 2025
Jan 2025
Series C$537M12 new
Reported by TechCrunchSEC filing: $491M sold, first sale Sept 2024
Oct 2024
Round$491M
No investor was named in the report.
Reported by TechCrunch and 1 otherSEC filing: $491M sold, first sale Sept 2024

Founders and team

From KoBold Metals's own website: 24 on the team.

Mfikeyi MakayiChief Executive Officer of KoBold Metals Africa
Damian RogersVice President of Projects
George GilchristVice President of Geoscience
Heather FriesenVice President of Field Operations
Lucas HughesVice President of Finance
Marc GreenbergSenior Vice President of Finance & People
Seb WagnerVice President of Project Financing
John QianChief Investment Officer
Michael StrevensChief Philosopher
Dave YoumansHead of Hardware
Kate FugateHead of Operations Data
Patrick GoodwillHead of Subsurface Imaging
Tralaena McCallHead of Procurement
Audrey LawrenceDirector of Engineering
Danny CharestDirector of Security
Fabiana PeekDirector of Community Engagement
Jennifer FendrickDirector of Government Affairs
John ThompsonBoard Director

And 6 more on the team.

AdvisersMurray Hitzman

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.

Round2024Series C2025Series C2025Venture2025

Durable Capital Partners LpLMitsubishi Corporation

Equinor Ventures

WCM Investment Management

Standard Investments

Everyone who backed them

Andreessen HorowitzVC firm3rounds

BondGrowth equity3rounds

Breakthrough EnergyVC firm2rounds

StepStone GroupFund of funds2rounds

T. Rowe PricePrivate equity1round, led 1

Durable Capital Partners LpPrivate equity1round, led 1

Mitsubishi CorporationVC firm1round

Equinor VenturesCorporate VC1round

WCM Investment ManagementGrowth equity1round

Standard InvestmentsPrivate equity1round

StepStonePrivate equity1round

Earthshot VenturesVC firm1round

July FundVC firm1round

MitsubishiInvestment firm1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

These 3 firms list KoBold Metals as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.