Terms
- Announced
- 4 Nov 2024
- Instrument
- Equity
- Amount
- US$2.13mReported as over EUR 2m, converted at 1.0636 USD/EUR (November 2024 average)
- Source
- seao2.com
Parties
- Project developer
- SeaO2
- Recipient type
- Technology company
- Country
- Netherlands
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis DOEN Participaties Investor US$0.53m Estimated: an even share, 1 of 4 NEW-TTT fund Investor US$0.53m Estimated: an even share, 1 of 4 Future Tech Ventures Investor US$0.53m Estimated: an even share, 1 of 4 CarbonFix Investor US$0.53m Estimated: an even share, 1 of 4
Carbon
- Pathway
- Ocean alkalinity / marine CDR
What happened
- No lead identified by any party. Eduard Talman and Siddharth Kambe participated as angels and have no provider rows. The NEW-TTT fund is managed by NV NOM, the regional development agency owned by the Dutch state and three provinces; DOEN Participaties is the investment arm of a lottery-funded foundation.
Kumo note
- A seed in which a regional development fund and a lottery-funded foundation sit alongside two commercial funds and two named angels, so the commercial capital at risk is a fraction of the headline.
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