Terms
- Announced
- 12 Nov 2024
- Instrument
- Equity
- Amount
- US$22.0m
Parties
- Project developer
- Klim
- Country
- Germany
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis BNP Paribas Positive Impact Business Accelerator Investor US$2.75m Estimated: an even share, 1 of 8 Earthshot Ventures Investor US$2.75m Estimated: an even share, 1 of 8 Rabobank Investor US$2.75m Estimated: an even share, 1 of 8 AgFunder Investor US$2.75m Estimated: an even share, 1 of 8 Norinchukin Bank Investor US$2.75m Estimated: an even share, 1 of 8 Achmea Innovation Fund Investor US$2.75m Estimated: an even share, 1 of 8 Ananda Impact Ventures Investor US$2.75m Estimated: an even share, 1 of 8 Elevator Ventures Investor US$2.75m Estimated: an even share, 1 of 8
Carbon
- Pathway
- Soil carbon / regenerative agriculture
- Backed by offtakes from
- BABOR BEAUTY GROUP
What happened
- Ranks as BNP Paribas's venture arm, distinct from BNP Paribas the bank and arranger. The source names only 'BNP Paribas', so the specific vehicle is not stated in it.
Kumo note
- The round was led by BNP Paribas through its Positive Impact Business Accelerator, alongside the Ecological Transition and Impact strategy at BNP Paribas Asset Management. Two Dutch and Japanese agricultural banks, Rabobank and Norinchukin, sit in the same round, so the insetting platform is being funded by its eventual distribution channel rather than by climate capital alone.
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