Terms
- Announced
- 3 Feb 2022
- Instrument
- Equity
- Amount
- US$80.0m
- Source
- esgtoday.com
Parties
- Project developer
- Verdox
- Recipient type
- Technology company
- Country
- United States
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Breakthrough Energy Ventures Investor US$26.7m Estimated: an even share, 1 of 3 Prelude Ventures Investor US$26.7m Estimated: an even share, 1 of 3 Lowercarbon Capital Investor US$26.7m Estimated: an even share, 1 of 3
Carbon
- Pathway
- DAC
- Project type as recorded
- Electro-swing carbon capture, point-source and direct air capture
What happened
- Verdox, the electro-swing carbon capture developer, raised US$80 million in committed capital from investors including Breakthrough Energy Ventures, Prelude Ventures and Lowercarbon Capital, announced 3 February 2022. The round is not labelled by the source and the lead is not named; the investor list is introduced by 'including' and may be incomplete.
Kumo note
- - A large unlabelled early round for an electrochemical capture developer: US$80m in committed capital with Lowercarbon among the named investors, alongside Breakthrough Energy Ventures and Prelude Ventures. - The investor list is not complete in the source, so the per-investor share shown is an even split of the named investors.
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