Terms
- Announced
- 28 Oct 2021
- Instrument
- Equity
- Amount
- US$29.6mReported as AUD $40 million, converted at 0.7404 USD/AUD (October 2021 average)
- Source
- virescent.vc
Parties
- Project developer
- Loam Bio
- Recipient type
- Technology company
- Country
- Australia
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis TIME Ventures Lead investor US$3.70m Estimated: an even share, 1 of 8 Main Sequence Investor US$3.70m Estimated: an even share, 1 of 8 Horizons Ventures Investor US$3.70m Estimated: an even share, 1 of 8 Clean Energy Finance Corporation Investor US$3.70m Estimated: an even share, 1 of 8 Acre Venture Partners Investor US$3.70m Estimated: an even share, 1 of 8 Grok Ventures Investor US$3.70m Estimated: an even share, 1 of 8 Lowercarbon Capital Investor US$3.70m Estimated: an even share, 1 of 8 Thistledown Capital Investor US$3.70m Estimated: an even share, 1 of 8
Carbon
- Pathway
- Soil carbon / regenerative agriculture
What happened
- Loam Bio (formerly Soil Carbon Co.) raised an A$40m Series A led by TIME Ventures, joined by Main Sequence, Horizons Ventures, the Clean Energy Finance Corporation, Acre Venture Partners, Grok Ventures, Lowercarbon Capital and Thistledown Capital. Source: 'The round is led by Marc Benioff's TIME Ventures'.
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