Terms
- Announced
- 4 Aug 2021
- Instrument
- Equity
- Amount
- US$2.76mReported as GBP 2m, converted at 1.3799 USD/GBP (August 2021 average)
- Source
- techround.co.uk
Parties
- Project developer
- Supercritical Tech Ltd
- Recipient type
- Marketplace
- Country
- United Kingdom
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis LocalGlobe Investor US$2.76m Sole provider: the whole transaction
Carbon
- Pathway
- Carbon market infrastructure
What happened
- LocalGlobe led and was the only fund in the round. Taavet Hinrikus, Alice Bentinck, Peter Reinhardt, Yancey Strickler, Amit Gudka, Frank Strauss and Evelyn Bourke participated as individuals and have no provider rows. Distinct from EQ-082 and EQ-009.
Kumo note
- A pre-seed with a single institutional investor and seven named angels, among them Peter Reinhardt, who was at the same time building Charm Industrial on the supply side of the market Supercritical intermediates. The round funded a buyer-side marketplace when almost all capital in permanent removal was going to suppliers.
Know more about this transaction?
Tell us what is missing or wrong, and where you read it.
Next step
Capital Connections
Meet the other side of deals like these.
Kumo introduces assessed projects to capital providers whose mandate fits, whichever side you are on.
Get started
Free to explore. No card required.
Terminal
Compare the transactions behind these figures.
Pricing, structures and comparables across Kumo's carbon finance dataset.
Explore the Terminal