Terms
- Announced
- 29 Sept 2021
- Instrument
- Equity
- Amount
- US$36.0m
- Source
- prnewswire.com
Parties
- Project developer
- Mast Reforestation
- Recipient type
- Technology company
- Country
- United States
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Social Capital Lead investor US$4.50m Estimated: an even share, 1 of 8 Seven Seven Six Lead investor US$4.50m Estimated: an even share, 1 of 8 DBL Partners Investor US$4.50m Estimated: an even share, 1 of 8 Resilience Reserve Investor US$4.50m Estimated: an even share, 1 of 8 TIME Ventures Investor US$4.50m Estimated: an even share, 1 of 8 Spero Ventures Investor US$4.50m Estimated: an even share, 1 of 8 Massive Capital Partners Investor US$4.50m Estimated: an even share, 1 of 8 Drone.vc Investor US$4.50m Estimated: an even share, 1 of 8
Carbon
- Pathway
- Afforestation / reforestation
What happened
- DroneSeed (now Mast Reforestation) raised a $36 million Series A led by Social Capital and Seven Seven Six, with DBL Partners, Resilience Reserve, TIME Ventures and Spero Ventures, plus continuing investors Massive and Drone.vc. DroneSeed has operated as Mast Reforestation since March 2023.
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