Terms
- Announced
- 9 Oct 2024
- Instrument
- Equity
- Amount
- US$25.0m
- Source
- paebbl.com
Parties
- Project developer
- Paebbl
- Recipient type
- Technology company
- Country
- Netherlands
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Capnamic Investor US$3.13m Estimated: an even share, 1 of 8 Amazon Climate Pledge Fund Investor US$3.13m Estimated: an even share, 1 of 8 Holcim MAQER Ventures Investor US$3.13m Estimated: an even share, 1 of 8 Aurum Impact Investor US$3.13m Estimated: an even share, 1 of 8 Antti Herlin family office Investor US$3.13m Estimated: an even share, 1 of 8 2050 Investor US$3.13m Estimated: an even share, 1 of 8 Pale Blue Dot Investor US$3.13m Estimated: an even share, 1 of 8 Grantham Foundation Investor US$3.13m Estimated: an even share, 1 of 8
Carbon
- Pathway
- Mineralisation
What happened
- Capnamic led. The company reports in US dollars; the EUR 22.8m figure in trade press is a conversion. Goldbeck, carried by the third-party database, is not named by the company and is not recorded. Distinct from GR-010, the 2026 European consortium grant.
Kumo note
- A Series A in which the world’s largest cement group invested alongside Amazon’s climate fund, reported by a Dutch recipient in dollars rather than euro. Mineralisation into a supplementary cementitious material only reaches scale through the existing cement chain, so the strategic investor is also the route to market.
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