KoBold is a force in its field with significant financial backing, not just from the aforementioned tycoons, but thanks to Andreessen Horowitz, one of Silicon Valley’s leading venture capital funds. In 2019, this enabled KoBold to have funding available for four years, which, since then, has financed explorations at various locations, including Greenland.

As the climate crisis intensifies, the world has increasingly moved towards sustainability and hence demand for sustainable products like EVs has gone up, increasing the need for KoBold’s mineral exploration services. Forecasts for increased demand will likely lead to more investment in KoBold to ensure further explorations in different areas.