Terms
- Announced
- 18 Aug 2021
- Instrument
- Equity
- Amount
- Undisclosed
Parties
- Project developer
- Agricarbon UK Limited
- Recipient type
- Technology company
- Country
- United Kingdom
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis First Milk Investor Undisclosed No value disclosed Counteract Investor Undisclosed No value disclosed
Carbon
- Pathway
- Soil carbon / regenerative agriculture
What happened
- Never announced as a round. Companies House records share allotments on 4 and 18 August 2021; First Milk announced a 5 per cent stake on 24 August 2021. Counteract confirms it is an investor but gives no date. Adelpha Group is the corporate adviser, not an investor, and Addie Pinkster sat on the board from October 2021 to February 2023.
Kumo note
- Agricarbon’s first outside capital came from its customer base rather than from venture funds, with a dairy co-operative taking a five per cent stake in the soil carbon measurement business its own supply chain relies on.
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