KO Client MetOx Closes Additional $15M of $40M Series B

KO client MetOx International, Inc., a leading U.S.-based developer and manufacturer of high-temperature superconducting (HTS) wire, recently announced the successful closing of an additional $15 million in its Series B funding round, bringing the total to $40 million.

Investors for the additional funding include a strategic syndicate of investors, including Duquesne Family Office, LLC, Piedmont Capital, Crosscut Ventures, New System Ventures, John Doerr’s Family Office together with Ryan Panchadsaram, among others.

“We are thrilled by the confidence our strategic investors have placed in MetOx, particularly as we accelerate our efforts to scale HTS manufacturing capacity here in the U.S.,” said Arthur (Bud) Vos, President and CEO of MetOx, in the announcement. “This critical new funding allows us to continue building a robust supply chain for HTS technology, ensuring the U.S. becomes a global leader in advanced superconducting solutions.”

This funding announcement follows MetOx’s $25 million Series B funding announced in September 2024 and $80 million in funding from the Department of Energy announced in October 2024.

KO partner Jennifer Rosenthal, attorneys Ryan Sykora and Michael Wysolmerski, and paralegal Caitlyn Knudson represented MetOx in the Series B financing.

Read more in the press release, The Business Journals, and Pulse 2.0.