Terms
- Announced
- 25 Jun 2024
- Instrument
- Equity
- Amount
- US$8.50m
- Source
- prweb.com
Parties
- Project developer
- Travertine
- Recipient type
- Technology company
- Country
- United States
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Holcim MAQER Ventures Investor US$2.13m Estimated: an even share, 1 of 4 Clean Energy Ventures Investor US$2.13m Estimated: an even share, 1 of 4 Bidra Innovation Ventures Investor US$2.13m Estimated: an even share, 1 of 4 Grantham Environmental Trust Investor US$2.13m Estimated: an even share, 1 of 4
Carbon
- Pathway
- Mineralisation
What happened
- Holcim MAQER Ventures is identified as lead in the company release. The company does not letter the round. A non-dilutive Frontier pre-purchase the company cites is separate and not inside this figure.
Kumo note
- Travertine put the world’s largest cement producer’s venture arm alongside a climate philanthropy in the same round, on a business case where the carbon removal is a by-product of regenerating sulfuric acid from mining waste. The revenue is in the acid and the critical minerals.
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