Terms
- Announced
- 10 Aug 2021
- Instrument
- Equity
- Amount
- US$5.00m
- Source
- techcrunch.com
Parties
- Project developer
- 44.01
- Recipient type
- Technology company
- Country
- Oman
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Apollo Projects Investor US$2.50m Estimated: an even share, 1 of 2 Breakthrough Energy Ventures Investor US$2.50m Estimated: an even share, 1 of 2
Carbon
- Pathway
- Mineralisation
What happened
- Apollo Projects led. Unnamed Omani families and European environmental organisations also participated. Hydrazine Capital and Systemanova.vc appear in third-party records and in no source.
Kumo note
- A seed backing mineralisation of CO2 into Oman’s peridotite, where the geology rather than an engineered vessel provides the permanence. Breakthrough Energy Ventures came in at seed and returned three years later at the Series A.
Know more about this transaction?
Tell us what is missing or wrong, and where you read it.
Next step
Capital Connections
Meet the other side of deals like these.
Kumo introduces assessed projects to capital providers whose mandate fits, whichever side you are on.
Get started
Free to explore. No card required.
Terminal
Compare the transactions behind these figures.
Pricing, structures and comparables across Kumo's carbon finance dataset.
Explore the Terminal