# Hertha Metals

> Produces high-purity iron and steel with a flexible electric-smelting process designed for lower emissions.

## Why it is interesting

Hertha pairs a first-of-a-kind industrial decarbonization process with an unusually large Series A that includes a $65 million U.S. government equity investment, creating both strategic validation and meaningful execution risk.

## Profile

- **Latest funding:** Series A — $133.65M (September 29, 2026)
- **Latest known valuation:** Not publicly disclosed
- **Total disclosed equity funding:** $134M
- **Stage:** series-a
- **Status:** private
- **Industries:** climate-tech, deep-tech
- **Coverage:** full
- **Last updated:** 2026-09-29T20:35:00.000Z
- **Latest funding investors:** Khosla Ventures, Doerr Capital, Clean Energy Ventures, Pear VC, Gates Frontier, Niterra SUISO no MORI Fund, Toyota Ventures, Siemens Financial Services, U.S. Government

## Key facts

- Raised $133.65M Series A in September 2026
- Series A includes $65M of U.S. government equity
- Plans a 10,000-tonne-per-year commercial plant

## Funding history

- Series A · $133.65M · September 29, 2026
  Source: https://www.businesswire.com/news/home/20260929199684/en/

## Investors in our directory

- https://venturecapitaltracker.com/fund/khosla-ventures
- https://venturecapitaltracker.com/fund/doerr-capital
- https://venturecapitaltracker.com/fund/clean-energy-ventures
- https://venturecapitaltracker.com/fund/pear-vc
- https://venturecapitaltracker.com/fund/gates-frontier
- https://venturecapitaltracker.com/fund/niterra-suiso-no-mori-fund
- https://venturecapitaltracker.com/fund/toyota-ventures
- https://venturecapitaltracker.com/fund/siemens-financial-services

## Related articles

- https://venturecapitaltracker.com/2026-hertha-metals-133-65m-series-a-government-equity

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)
**Last updated:** September 29, 2026

**Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.

---
Source: https://venturecapitaltracker.com/startup/hertha-metals