Terms
- Announced
- 11 Apr 2023
- Instrument
- Equity
- Amount
- US$11.0m
- Source
- noya.co
Parties
- Project developer
- Noya
- Recipient type
- Technology company
- Country
- United States
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Union Square Ventures Investor US$1.38m Estimated: an even share, 1 of 8 Collaborative Fund Investor US$1.38m Estimated: an even share, 1 of 8 Lowercarbon Capital Investor US$1.38m Estimated: an even share, 1 of 8 Fifty Years Investor US$1.38m Estimated: an even share, 1 of 8 MCJ Collective Investor US$1.38m Estimated: an even share, 1 of 8 EQT Foundation Investor US$1.38m Estimated: an even share, 1 of 8 Climate Capital Investor US$1.38m Estimated: an even share, 1 of 8 Nexwell Group Investor US$1.38m Estimated: an even share, 1 of 8
Carbon
- Pathway
- DAC
What happened
- Union Square Ventures and Collaborative Fund co-led. A university endowment also participated and asked not to be named, so it has no participation row. EQT Foundation is the foundation, not EQT AB.
Kumo note
- Noya raised its Series A on the back of a pivot from retrofitting cooling towers to a modular unit, led jointly by a generalist software investor and a consumer fund rather than by a climate specialist.
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