Terms
- Announced
- 5 Jul 2022
- Instrument
- Equity
- Amount
- US$2.45mReported as EUR 2.4m, converted at 1.0203 USD/EUR (July 2022 average)
- Source
- pina.earth
Parties
- Project developer
- Pina Technologies GmbH
- Recipient type
- Technology company
- Country
- Germany
Carbon
- Pathway
- Improved forest management
What happened
- XAnge and Nordstar co-led. Gustaf Alstromer, Sundeep Ahuja, Lea-Sophie Cramer and Anselm Bauer-Wohlleb participated as individuals and have no provider rows. Y Combinator’s pre-seed is a separate earlier transaction.
Kumo note
- A seed co-led by two funds, closed six months after a Y Combinator pre-seed, backing measurement and certification infrastructure for small European forest owners rather than the credits themselves.
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