Terms
- Announced
- 22 Jan 2024
- Instrument
- Equity
- Amount
- Undisclosed
- Source
- sumitomocorp.com
Parties
- Project developer
- Inherit Carbon Solutions
- Recipient type
- Technology company
- Country
- Norway
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Sumitomo Corporation Investor Undisclosed No value disclosed Farvatn Investor Undisclosed No value disclosed Momentum Investor Undisclosed No value disclosed Arkwright X Investor Undisclosed No value disclosed Equinor Ventures Investor Undisclosed No value disclosed Stratel Investor Undisclosed No value disclosed
Carbon
- Pathway
- BECCS
What happened
- Sumitomo Corporation led as a new investor. No party has disclosed the amount. The company later describes the round as oversubscribed.
Kumo note
- A Japanese trading house took the lead of a Norwegian seed extension, buying distribution into Asian compliance and corporate demand rather than technology.
Know more about this transaction?
Not yet known: deal size.
Tell us what is missing or wrong, and where you read it.
Next step
Capital Connections
Meet the other side of deals like these.
Kumo introduces assessed projects to capital providers whose mandate fits, whichever side you are on.
Get started
Free to explore. No card required.
Terminal
Compare the transactions behind these figures.
Pricing, structures and comparables across Kumo's carbon finance dataset.
Explore the Terminal