Terms
- Announced
- 6 Mar 2024
- Instrument
- Equity
- Amount
- US$11.4mReported as EUR 10.5m, converted at 1.087 USD/EUR (March 2024 average)
- Source
- greenlyte.tech
Parties
- Project developer
- Greenlyte Carbon Technologies
- Recipient type
- Technology company
- Country
- Germany
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Earlybird Venture Capital Investor US$2.85m Estimated: an even share, 1 of 4 Green Generation Fund Investor US$2.85m Estimated: an even share, 1 of 4 Carbon Removal Partners Investor US$2.85m Estimated: an even share, 1 of 4 Partech Investor US$2.85m Estimated: an even share, 1 of 4
Carbon
- Pathway
- DAC
What happened
- Earlybird led; Partech is the new investor. Dr Udo Jung, a board member, also participated as an individual and is not given a provider row. The company holds two European Fund for Regional Development grants separately; they are public support and are not part of this figure.
Kumo note
- Greenlyte raised three times in eighteen months without changing its lead. The equity sits alongside two European regional development grants held separately, so the headline understates what has gone into the plant.
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