Terms
- Announced
- 15 Oct 2021
- Instrument
- Equity
- Amount
- US$1.10m
- Source
- labusinessjournal.com
Parties
- Project developer
- Mote, Inc.
- Recipient type
- Technology company
- Country
- United States
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Preston-Werner Ventures Investor US$0.55m Estimated: an even share, 1 of 2 Counteract Investor US$0.55m Estimated: an even share, 1 of 2
Carbon
- Pathway
- BECCS
- Project type as recorded
- Bio-oil / biomass burial
What happened
- Mote raised $1.1 million in seed funding in the fall of 2021, with investors including Preston-Werner Ventures and Counteract Partners.
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