Terms
- Announced
- 17 Oct 2023
- Instrument
- Equity
- Amount
- US$0.83mReported as undisclosed; Cohort 12 total US$12.5m across 15 companiesDerived: cohort total divided equally across 15 companies
- Source
- prnewswire.com
Parties
- Project developer
- Ebb Carbon
- Country
- United States
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Elemental Impact Lender US$0.83m Sole provider: the whole transaction
Carbon
- Pathway
- Ocean alkalinity / marine CDR
Structure and cover
- Structure flag
- Convertible note
What happened
- Elemental Excelerator Cohort 12 investment. Ebb's own amount is not disclosed; the US$12.5m cohort total is split equally across the 15 companies. Crunchbase and Dealroom record it as a convertible.
Kumo note
- A convertible note rather than an equity cheque.
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