Terms
- Announced
- 30 Mar 2021
- Instrument
- Equity
- Amount
- US$2.00m
- Source
- businesswire.com
Parties
- Project developer
- Glanris
- Recipient type
- Technology company
- Country
- United States
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Riceland Investor US$0.50m Estimated: an even share, 1 of 4 Pittco Capital Investor US$0.50m Estimated: an even share, 1 of 4 Innova Investor US$0.50m Estimated: an even share, 1 of 4 Sage Investor US$0.50m Estimated: an even share, 1 of 4
Carbon
- Pathway
- Biochar
What happened
- No lead identified by the company. The release also states USD 2.8m invested in the company in total to that date. The company blog slug carries 23 March 2021 against 30 March on the wire. Registered at Olive Branch, Mississippi, in the Memphis metro.
Kumo note
- Rice hulls become both a water filtration media and a durable carbon sink, so the removal is carried by a product the customer buys for filtration performance. The round was funded by the rice supply chain and Memphis regional capital rather than by climate funds.
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