Hertha Metals Inc.
PrivateLast Round
Series A
Sep 29, 2026
Total Funding Raised
$152.4M
Momentum
Top 1%
of companies Caplight tracks
Company Overview
Hertha Metals Inc. operates in Energy & Sustainability and is based in Conroe, Texas. Its latest recorded funding round was a Series A round in September 2026.
Hertha Metals Inc. is a manufacturing company that has developed a breakthrough single-step process to convert low-grade iron ore directly into molten steel or high-purity iron.
Sector
Energy & Sustainability
Verticals
Advanced Materials, Clean Manufacturing, Defense Tech, Supply Chain, Sustainable Materials
Business Model
B2B
Customer Profile
Hardware Sales
AI Layer
Non-AI
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Hertha Metals Inc. Comparables
Compare Hertha Metals Inc. with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Limelight Steel | 79% | |
| GravitHy | 78% | |
| Element Zero | 78% |
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Hertha Metals Inc. Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series A | Sep 29, 2026 | ||||
| Seed | Jul 22, 2025 | ||||
| Grant | Jun 13, 2024 | ||||
| Grant | Oct 1, 2023 |
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Key People
Founding team and executive leadership
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Hertha Metals Inc. Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Siemens Financial Services | Series A |
| Khosla Ventures | Seed, Series A |
| Doerr Capital | Series A |
| Global Brain Corporation | Series A |
| DOE’s Office of EERE | Grant |
| Breakthrough Energy Foundation | Seed |
| Pear VC | Series A, Seed |
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Market signals
Structured signals derived from secondary market and firmographic data.
- Sep 29, 2026
$134M round led by Khosla Ventures.
- Sep 24, 2026
Grew 16% QoQ, from 19 to 22 employees.
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Recent news
Latest coverage and updates
- invests_into_assetsOct 15, 2026
Hertha Metals invests $100M into the steel mill in United States, which uses domestic iron ore mainly from Minnesota and natural gas from Texas; construction is planned to begin once Chalyx proves itself commercially.
- invests_into_assetsOct 13, 2026
Hertha Metals invests $100M in the Chalyx factory in Texas, which is designed to produce about 10,000 metric tons per year of steel-grade and magnet-grade high-purity iron, after breaking ground on Oct 8th '26.
- expands_facilitiesOct 12, 2026
Hertha Metals breaks ground on its $100 million first commercial steel mill and high-purity iron plant in Texas on Oct 12th '26, as it plans to scale steel and iron production to 500,000 tonnes per day.
- expands_facilitiesSep 30, 2026
Hertha Metals plans to build Hertha Chalyx, a United States facility producing 10,000 tonnes of steel-grade and magnet-grade high-purity iron, using $133.65 million in Series A financing.
- invests_into_assetsSep 30, 2026
Hertha Metals secures $134M to build Hertha Chalyx in United States
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Hertha Metals Inc. Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
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Frequently Asked Questions
Common questions about Hertha Metals Inc.'s valuation, stock price, and market status.
Is Hertha Metals Inc. a public or private company?
Hertha Metals Inc. is a private company.
What is the current stock price of Hertha Metals Inc.?
Hertha Metals Inc. is a private company, so its shares have no public market price. Caplight tracks Hertha Metals Inc.'s secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Hertha Metals Inc. worth (valuation)?
Valuation information for Hertha Metals Inc. is not publicly available.
Can I buy Hertha Metals Inc. stock?
Hertha Metals Inc. shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Hertha Metals Inc.'s last funding round?
Hertha Metals Inc.'s most recent funding round was Series A on September 29, 2026.
Who are the main investors in Hertha Metals Inc.?
Key investors in Hertha Metals Inc. include Khosla Ventures, Doerr Capital, DOE’s Office of EERE.
Will Hertha Metals Inc. IPO soon?
No public IPO plans have been announced for Hertha Metals Inc..
How can I track Hertha Metals Inc. secondary market activity?
Caplight tracks bids, offers, and trades in Hertha Metals Inc.'s shares on secondary markets.