Terms
- Announced
- 14 Feb 2024
- Instrument
- Equity
- Amount
- US$6.50m
- Source
- environment.uw.edu
Parties
- Project developer
- Banyu Carbon
- Recipient type
- Technology company
- Country
- United States
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Grantham Foundation Investor US$1.30m Estimated: an even share, 1 of 5 United Airlines Ventures Investor US$1.30m Estimated: an even share, 1 of 5 ReGen Ventures Investor US$1.30m Estimated: an even share, 1 of 5 Carbon Removal Partners Investor US$1.30m Estimated: an even share, 1 of 5 Propeller Investor US$1.30m Estimated: an even share, 1 of 5
Carbon
- Pathway
- Ocean alkalinity / marine CDR
What happened
- No lead identified. Banyu issued no release of its own, so the date rests on the University of Washington notice and on trade press coverage running 13 to 17 February 2024.
Kumo note
- An airline venture arm backing marine carbon removal at seed stage, with a Frontier pre-purchase already signed the previous September, so the capital was raised against a demand signal rather than ahead of one.
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