Tech Company Financing Transactions
KoBold Metals Funding Round
KoBold Metals closed a $195 million funding round on 6/20/2023. Investors included T. Rowe Price, Andreessen Horowitz and Breakthrough Energy Ventures.
Transaction Overview
Company Name
Announced On
6/20/2023
Transaction Type
Venture Equity
Amount
$195,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The company plans on using the new funding to develop copper reserves in Zambia. Last December, KoBold agreed to invest $150 million to buy a controlling stake in the large, undeveloped copper reserves.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
64 Shattuck Sq. 210
Berkeley, CA 94704
USA
Berkeley, CA 94704
USA
Phone
Undisclosed
Website
Email Address
Overview
KoBold is the first AI-powered mineral exploration company, innovating at the very upstream of the EV supply chain. Demand for the minerals essential for EVs and green energy transition is rapidly expanding. Replacing all gasoline-powered cars with electric vehicles is a critical need to avoid catastrophic impacts of climate change.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Kurt House
Chief Financial Officer
Josh Goldman
Chief Operating Officer
Jeffrey Jurinak
VP - Engineering
James Stevenson
VP - Finance
Traci Paramore
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We do our best to report on every notable VC transaction. All VC database entries on this site come from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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