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Hertha Metals secures $133.65M Series A funding to produce high-purity iron for domestic rare-earth magnets, featuring a $65M investment from the U.S. Government. The round was co-led by Khosla Ventures and Doerr Capital.

PRIVATESep 29, 2026

Amount Raised

$134 Million

Round Type

Series A

ConroeManufacturingMining

Investors

Doerr CapitalKhosla VenturesU.S. Government

Description

Hertha Metals has closed a $133.65 million Series A round aimed at producing high-purity iron for domestic rare-earth magnets. The funding includes a significant $65 million equity investment from the U.S. Government through its IBAS program. Khosla Ventures and Doerr Capital co-led this round, with additional participation from other investors

Company Information

Company

Hertha Metals

Location

Conroe, Texas, United States

About

Hertha Metals is pioneering a breakthrough single-step technology for steel and high-purity iron production. Their innovative process enhances efficiency and reduces costs while expanding the capacity to utilize various iron ore feedstocks. The company aims to revitalize American manufacturing of essential materials, thus contributing to national security and industrial growth.

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Predictive Intelligence
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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Hertha Metals raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.