Terms
- Announced
- 4 Jul 2024
- Instrument
- Equity
- Amount
- US$4.34mReported as EUR 4M, converted at 1.0844 USD/EUR (July 2024 average)
- Source
- morfo.rest
Parties
- Project developer
- MORFO
- Country
- France
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis TeamPact Ventures Lead investor US$1.08m Estimated: an even share, 1 of 4 RAISE Ventures Investor US$1.08m Estimated: an even share, 1 of 4 Demeter Investor US$1.08m Estimated: an even share, 1 of 4 AFI Ventures Investor US$1.08m Estimated: an even share, 1 of 4
Carbon
- Pathway
- Afforestation / reforestation
What happened
- MORFO extended its seed round by EUR 4m (bringing the total to EUR 11m over 18 months, per Maddyness) with Teampact Ventures orchestrating and RAISE Seed For Good, Demeter and AFI Ventures increasing their investments, plus business angels Antoine Dupont and Raphael Varane. Source: 'Other long-standing shareholders RAISE Seed For Good, Demeter and AFI Ventures also increased their investments in this round of financing.'
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