Terms
- Announced
- 18 Dec 2025
- Instrument
- Equity
- Amount
- US$2.68mReported as GBP 2m of a GBP 4m package, converted at 1.3387 USD/GBP (December 2025 average)
Parties
- Project developer
- Black Bull Biochar Ltd
- Recipient type
- Technology company
- Country
- United Kingdom
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis TSP Ventures Investor US$0.89m Estimated: an even share, 1 of 3 Greater Manchester Combined Authority Investment Fund Investor US$0.89m Estimated: an even share, 1 of 3 Old College Capital Investor US$0.89m Estimated: an even share, 1 of 3
Carbon
- Pathway
- Biochar
What happened
- The equity half of a GBP 4m package. TSP Ventures and the GMCA Investment Fund are described by trade press as co-leading. The debt half is recorded separately. No company release exists; the account is an investor-party page.
Kumo note
- A late seed split evenly between equity and debt, with the debt half provided by a UK government lender rather than a bank, and public money dominating the equity half too.
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