Terms
- Announced
- 7 Nov 2025
- Instrument
- Equity
- Amount
- US$7.00m
- Source
- techcrunch.com
Parties
- Project developer
- Terranova, Inc.
- Recipient type
- Technology company
- Country
- United States
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Outlander VC Investor US$1.40m Estimated: an even share, 1 of 5 Congruent Ventures Investor US$1.40m Estimated: an even share, 1 of 5 GoAhead Ventures Investor US$1.40m Estimated: an even share, 1 of 5 Gothams Investor US$1.40m Estimated: an even share, 1 of 5 Ponderosa Ventures Investor US$1.40m Estimated: an even share, 1 of 5
Carbon
- Pathway
- Bio-oil / biomass burial
What happened
- Formerly Levitree. Outlander VC and Congruent Ventures co-led. The injected slurry is waste-biomass derived and creates a durable sink, but the company sells flood defence and its own funding release makes no carbon claim.
Kumo note
- Terranova raised seed equity to commercialise robotic land elevation for flood defence. The carbon sink is a by-product of the business model rather than its purpose, so the storage is created by a service the customer buys for another reason.
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