Terms
- Announced
- 16 Mar 2023
- Instrument
- Equity
- Amount
- US$2.00m
- Source
- accesswire.com
Parties
- Project developer
- The Next 150 SA de CV
- Country
- Mexico
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Kemexon Investor US$2.00m Sole provider: the whole transaction
Carbon
- Pathway
- Biochar
What happened
- Kemexon SA was the sole investor, citing synergy with its own biomass interests. The named legal entity is Mexican; the company presents Geneva as an operating base. No registry identifier has been obtained.
Kumo note
- A seed from a single investor whose stated rationale was synergy with its own biomass interests, so the capital and the feedstock relationship sit with the same counterparty. The recipient signed biochar removal offtakes with Microsoft and Shell within a year of the round.
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