Terms
- Announced
- 21 Feb 2024
- Instrument
- Equity
- Amount
- US$6.75m
- Source
- techcrunch.com
Parties
- Project developer
- Clairity Technology, Inc.
- Recipient type
- Technology company
- Country
- United States
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Lowercarbon Capital Investor US$3.38m Estimated: an even share, 1 of 2 Initialized Capital Investor US$3.38m Estimated: an even share, 1 of 2
Carbon
- Pathway
- DAC
What happened
- Co-led. No hosted company release exists; the announcement was made by the founder on LinkedIn and carried by trade press. One outlet says USD 6.5m against USD 6.75m in four others.
Kumo note
- A seed backing a direct air capture design that deliberately targets about 80 per cent CO2 purity rather than the 99 per cent industry norm, trading purity for capital cost, with the CO2 mineralised into concrete.
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