CEO Kurt HouseFounded 2018HQ Berkeley, California, US
KoBold Metals is a privately held scientific mineral exploration company focused on critical minerals for the clean-energy transition. It uses AI, data science, and geoscience to identify copper, lithium, nickel, and cobalt deposits more efficiently.
Access to pre-IPO shares is available to accredited investors through UpMarket.
Latest Price
Previous Price
Series C Jan 2024
How to Invest in KoBold Metals Through UpMarket
KoBold Metals shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
Step 01
Verify accredited investor status
Confirm eligibility under SEC Rule 501 of Regulation D. Income or net worth threshold applies.
Step 02
Create an UpMarket account
Complete KYC/AML onboarding. Typically 1–2 business days. Licensed rep assigned on signup.
Step 03
Review available KoBold Metals offerings
Full offering memoranda and risk disclosures provided before any commitment is required.
Step 04
Complete subscription documents
Review and sign subscription agreement. All documents handled digitally through the platform.
Step 05
Fund your investment
Wire transfer or ACH. $50K minimum. Funds held in custodial account until close.
Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.
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UpMarket has brokered over ${{aum_amount_brokered_en}} billion in alternative investments*
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Valuation Growth Over Time
Post-money valuation by round
Previous roundsMost recent
Date
Round
PPS (split-adj.)
Valuation
Jan 2025
Series C - II
$2.96B
Jan 2024
Series C
Feb 2022
Series B
Oct 2019
Series A
KoBold Metals Revenue and Growth
Annual revenue
Why Investors Are Watching KoBold Metals
Growth Signal
KoBold raises $537M to fund new exploration and R&D
KoBold Metals raised $537 million in a Series C round to expand new exploration, advance projects toward production, and strengthen R&D. Bloomberg-linked reporting says the company is targeting the Mingomba copper project in Zambia after announcing a major copper deposit there in February 2024.
Competitive Moat
AI-led mining model draws Gates, Bezos and miners
KoBold Metals uses artificial intelligence to discover critical minerals for batteries and the energy transition, positioning data science at the center of exploration. Its investor base includes Bill Gates' Breakthrough Energy Ventures, Khosla Ventures, and mining majors such as Rio Tinto and Glencore, indicating strong strategic validation.
Market Opportunity
Mingomba copper find targets early-2030s output in Zambia
Reuters reported that KoBold aims for early-2030s copper output from its Zambia project, with development centered on the Mingomba asset. The project matters because copper demand is tied to electrification and the company is also pursuing other global exploration opportunities.
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No. As of August 2026, KoBold Metals is a private company and does not trade on any public stock exchange. Accredited investors can access KoBold Metals shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
KoBold Metals does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in KoBold Metals shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered alternative investments since 2019.
Pre-IPO investments carry significant risks. KoBold Metals shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
UpMarket's valuation estimate is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
KoBold Metals uses AI, data science, and geoscience to discover critical minerals for the clean-energy transition, and raised $537M to fund new exploration and R&D. Accredited investors can access KoBold Metals stock through UpMarket.