Terms
- Announced
- 14 Feb 2023
- Instrument
- Equity
- Amount
- US$72.5mReported as A$105 million, converted at 0.6907 USD/AUD (February 2023 average)
- Source
- cefc.com.au
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 Lowercarbon Capital Lead investor US$10.4m Estimated: an even share, 1 of 7 Wollemi Capital Lead investor US$10.4m Estimated: an even share, 1 of 7 Horizons Ventures Investor US$10.4m Estimated: an even share, 1 of 7 Acre Venture Partners Investor US$10.4m Estimated: an even share, 1 of 7 Main Sequence Investor US$10.4m Estimated: an even share, 1 of 7 Clean Energy Finance Corporation Investor US$10.4m Estimated: an even share, 1 of 7 Grok Ventures Investor US$10.4m Estimated: an even share, 1 of 7
Carbon
- Pathway
- Soil carbon / regenerative agriculture
What happened
- Loam Bio closed an A$105m Series B co-led by Lowercarbon Capital and Wollemi Capital, with participation from Horizons Ventures, Acre Venture Partners, Main Sequence, the Clean Energy Finance Corporation (A$9m in this round, A$15m cumulative) and Grok Ventures. Source: 'Loam's Series B was co-led by Lowercarbon Capital and Wollemi Capital ...'.
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