The company raised $1 billion from its SPAC merger, which included a private investment in a public entity, or PIPE, and a convertible note. VENTURE DEALS- KoBold Metals, a Berkeley, Calif.-based EV battery mineral exploration company, raised $195 million in Series B-prime funding. Scale Venture Partners led the round and was joined by Addition Capital, Shine Capital, Scale-Up Ventures, Funders Club, and Y-Combinator. Interlock Partners and Revolution Ventures co-led the round and were joined by Crawley Ventures, Mana Ventures, Access Ventures, Relay Ventures, and Denver Angels. VERSO Capital led the round and was joined by Gaingels Fund, Seven Seven Six, Craft Lane, and other angels.

Source: Forbes June 22, 2023 03:55 UTC