Terms
- Announced
- 12 Dec 2023
- Instrument
- Equity
- Amount
- US$3.49mReported as EUR 3.2m, converted at 1.0917 USD/EUR (December 2023 average)
- Source
- chemie.de
Parties
- Project developer
- NeoCarbon GmbH
- Recipient type
- Technology company
- Country
- Germany
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis RAISE Ventures Investor US$0.87m Estimated: an even share, 1 of 4 PropTech1 Ventures Investor US$0.87m Estimated: an even share, 1 of 4 Speedinvest Investor US$0.87m Estimated: an even share, 1 of 4 Antler Investor US$0.87m Estimated: an even share, 1 of 4
Carbon
- Pathway
- DAC
What happened
- RAISE Ventures led through RAISE Seed For Good; the other three are existing backers. Christian Vollmann and Matthias Gotta also participated as individuals and have no provider rows. Investitionsbank Berlin Pro FIT funding is a separate later event.
Kumo note
- NeoCarbon is a retrofit rather than a build: it bolts capture onto industrial cooling towers and runs it on waste heat that is already being thrown away, which moves the economics from capital expenditure to access to host sites.
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