Durable Capital Partners and T. Rowe Price led a $537m Series C round in KoBold Metals.

Investment companies Durable Capital Partners and T. Rowe Price led a $537m Series C round in KoBold Metals, a US-based mining startup. The funding will accelerate the exploration of critical minerals like copper, lithium, and nickel, essential for technologies such as electric vehicles, renewable energy systems, and mobile phones. To date, KoBold has amassed $1bn in total funding.