Terms
- Announced
- 15 Nov 2023
- Instrument
- Equity
- Amount
- US$1.91mReported as EUR 1.765m, converted at 1.0809 USD/EUR (November 2023 average)
- Source
- cdpventurecapital.it
Parties
- Project developer
- CarpeCarbon SRL Societa Benefit
- Recipient type
- Technology company
- Country
- Italy
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Tech4Planet Investor US$0.48m Estimated: an even share, 1 of 4 360 Capital Investor US$0.48m Estimated: an even share, 1 of 4 Club degli Investitori Investor US$0.48m Estimated: an even share, 1 of 4 PiemonteNext Investor US$0.48m Estimated: an even share, 1 of 4
Carbon
- Pathway
- DAC
What happened
- Tech4Planet, managed by CDP Venture Capital, and 360 Capital co-led. Club degli Investitori is a Turin angel club subscribing through Simon Fiduciaria. PiemonteNext sits behind Finpiemonte, the Piedmont regional financial arm. LCA Studio Legale advised and is not a provider.
Kumo note
- Italy’s first direct air capture company was funded almost entirely from public and regional pockets, with the state’s technology transfer vehicle and the Piedmont region’s co-investment fund sitting alongside a single commercial venture fund and a Turin angel club. The money is for designing a plant rather than building one.
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