Terms
- Announced
- 26 Jun 2024
- Instrument
- Equity
- Amount
- US$6.46mReported as EUR 6m, converted at 1.0765 USD/EUR (June 2024 average)
- Source
- sirona.tech
Parties
- Project developer
- Sirona Technologies
- Recipient type
- Technology company
- Country
- Belgium
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis LocalGlobe Investor US$0.92m Estimated: an even share, 1 of 7 XAnge Investor US$0.92m Estimated: an even share, 1 of 7 Look Up Ventures Investor US$0.92m Estimated: an even share, 1 of 7 Satgana Investor US$0.92m Estimated: an even share, 1 of 7 VOYAGERS Climate-Tech Fund Investor US$0.92m Estimated: an even share, 1 of 7 Syndicate One Investor US$0.92m Estimated: an even share, 1 of 7 Renaud Visage Investor US$0.92m Estimated: an even share, 1 of 7
Carbon
- Pathway
- DAC
What happened
- LocalGlobe and XAnge co-led. Genuinely euro denominated. Storage is contracted to Cella Mineral Storage in Kenya and sits outside the company.
Kumo note
- A European developer capitalised in euros to build in Kenya, with storage contracted to a third party rather than owned, so the capture and the mineralisation sit in separate hands.
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