Terms
- Announced
- 29 Nov 2022
- Instrument
- Equity
- Amount
- US$3.00m
- Source
- prnewswire.com
Parties
- Project developer
- Carbon Reform
- Recipient type
- Technology company
- Country
- United States
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Azolla Ventures Investor US$0.60m Estimated: an even share, 1 of 5 Virya LLC Investor US$0.60m Estimated: an even share, 1 of 5 Revolution's Rise of the Rest Seed Fund Investor US$0.60m Estimated: an even share, 1 of 5 Plug and Play Investor US$0.60m Estimated: an even share, 1 of 5 Gaingels Investor US$0.60m Estimated: an even share, 1 of 5
Carbon
- Pathway
- Industrial CCS / CCUS
What happened
- Azolla Ventures led. Preston Schell also participated as an individual and has no provider row.
Kumo note
- Azolla Ventures, the philanthropically capitalised fund managed alongside Prime Coalition, led a seed for a device that sits inside existing commercial HVAC plant, making the carbon removal a by-product of an energy efficiency retrofit.
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