Terms
- Announced
- 18 Sept 2025
- Instrument
- Equity
- Amount
- US$3.00m
- Source
- prnewswire.com
Parties
- Project developer
- DACLab
- Recipient type
- Technology company
- Country
- United States
- Capital providers
- Not recorded
Carbon
- Pathway
- DAC
What happened
- Funded entirely by named individuals: Peter Relan of the YouWeb incubator as lead, Dave Roux and Jane Woodward. House convention excludes individuals as capital providers, so this deal carries no participation rows and its value falls to the unattributed pool. The company separately holds an unnamed grant against delivery of its first 100 tonne Kelvin Pod.
Kumo note
- A seed funded entirely by named individuals, led by the incubator founder who built the company, with no institutional fund on the cap table at close.
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