Terms
- Announced
- 8 Dec 2022
- Instrument
- Equity
- Amount
- US$4.23mReported as EUR 4m, converted at 1.0585 USD/EUR (December 2022 average)
- Source
- en.morfo.rest
Parties
- Project developer
- MORFO
- Country
- France
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Demeter Investor US$1.06m Estimated: an even share, 1 of 4 RAISE Ventures Investor US$1.06m Estimated: an even share, 1 of 4 AFI Ventures Investor US$1.06m Estimated: an even share, 1 of 4 TeamPact Ventures Investor US$1.06m Estimated: an even share, 1 of 4
Carbon
- Pathway
- ARR (afforestation, reforestation, revegetation)
What happened
- Demeter and RAISE Ventures co-led. AFI Ventures is the impact fund of Ventech. Unnamed business angels also participated.
Kumo note
- A seed co-led by two French funds for drone-sown tropical reforestation, financed entirely with private capital and no public co-investment, which is uncommon for a French climate company at this stage.
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