Terms
- Announced
- 6 Dec 2023
- Instrument
- Equity
- Amount
- US$11.4mReported as GBP 9m, converted at 1.2664 USD/GBP (December 2023 average)
- Source
- agricarbon.co.uk
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 Shell Ventures Investor US$1.90m Estimated: an even share, 1 of 6 Barclays' Sustainable Impact Capital Investor US$1.90m Estimated: an even share, 1 of 6 The Nest Family Office Investor US$1.90m Estimated: an even share, 1 of 6 Ananke Investor US$1.90m Estimated: an even share, 1 of 6 Counteract Investor US$1.90m Estimated: an even share, 1 of 6 MFS Investor US$1.90m Estimated: an even share, 1 of 6
Carbon
- Pathway
- Soil carbon / regenerative agriculture
What happened
- Shell Ventures led. Adelpha Group acted as corporate adviser and is not a provider. Sterling denominated; the USD 11.3m in trade press is a conversion.
Kumo note
- A soil carbon measurement business drew in the venture arm of an oil major alongside a bank’s sustainable impact balance sheet, which is unusual for a measurement layer rather than a project developer.
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