Terms
- Announced
- 6 Dec 2022
- Instrument
- Equity
- Amount
- US$10.0m
- Source
- repair-carbon.com
Parties
- Project developer
- RepAir Carbon
- Recipient type
- Technology company
- Country
- Israel
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Extantia Capital Investor US$1.67m Estimated: an even share, 1 of 6 Equinor Ventures Investor US$1.67m Estimated: an even share, 1 of 6 Shell Ventures Investor US$1.67m Estimated: an even share, 1 of 6 Zero Carbon Capital Investor US$1.67m Estimated: an even share, 1 of 6 Repsol Investor US$1.67m Estimated: an even share, 1 of 6 Counteract Investor US$1.67m Estimated: an even share, 1 of 6
Carbon
- Pathway
- DAC
What happened
- Extantia Capital led. Consensus Business Group and Counteract belong to the 2021 seed and are not in this round.
Kumo note
- RepAir’s Series A brought two oil majors’ venture arms into the same syndicate behind an electrochemical capture cell, a route that avoids the thermal regeneration step most DAC designs depend on.
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