Terms
- Announced
- 6 Apr 2022
- Instrument
- Equity
- Amount
- US$12.0m
- Source
- prnewswire.com
Parties
- Project developer
- Brilliant Planet Limited
- Recipient type
- Technology company
- Country
- United Kingdom
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Union Square Ventures Investor US$1.50m Estimated: an even share, 1 of 8 Toyota Ventures Investor US$1.50m Estimated: an even share, 1 of 8 Future Positive Capital Investor US$1.50m Estimated: an even share, 1 of 8 AiiM Partners Investor US$1.50m Estimated: an even share, 1 of 8 S2G Ventures Investor US$1.50m Estimated: an even share, 1 of 8 Hatch Investor US$1.50m Estimated: an even share, 1 of 8 Pegasus Tech Ventures Investor US$1.50m Estimated: an even share, 1 of 8 Grantham Foundation Investor US$1.50m Estimated: an even share, 1 of 8
Carbon
- Pathway
- Microalgae / biological CDR
What happened
- Union Square Ventures and Toyota Ventures co-led. UK Research and Innovation appears in the release as a research partner, not a capital provider. Grantham Foundation is not in the company release and is included on a separate confirmation held by Kumo.
Kumo note
- A Series A co-led by two generalist venture funds backed an unusually physical removal pathway: algae grown in open ponds on coastal desert land using seawater, with the biomass buried.
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