Hertha Metals

Hertha Metals is a Conroe, Texas-based steel company working to reshore American iron and steel production. Its Flex-HER single-step process converts any grade of iron ore directly into crude steel or high-purity iron in one continuous reactor, using natural gas or hydrogen as the reductant instead of coal-dependent blast furnaces, which the company says yields production costs about 25% lower and emissions reductions of 50% with natural gas and up to 98% with hydrogen. It operates a 360-ton-per-year demonstration plant in Conroe, supplies high-purity iron to rare-earth magnet manufacturers, and is in supplier qualification with major U.S. magnet producers

  • Hydrogen-as-a-Service
  • Series A
  • Cleantech
  • Mining & Metals
  • Renewable Energy
  • Manufacturing & Industrial

1

Round

1

Industry

5

Tags

Sep 29, 2026

Latest raise

Funding activity · 1 round

Raise timeline

  1. Sep 29, 2026

    $133.7M

    Series A

    Led by Khosla Ventures

    • Khosla Ventures
    • Gates Frontier
    • Pear VC
    • Clean Energy Ventures
    • Toyota Ventures
    • Siemens Financial Services
    • Doerr Capital
    • U.S. Department of Defense's Industrial Base Analysis and Sustainment (IBAS) program
    • Global Brain's Niterra SUISO no MORI Fund

    Article coming soon.

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