Terms
- Announced
- 7 Nov 2023
- Instrument
- Grants
- Amount
- US$2.70mReported as EUR 2.5m, converted at 1.0809 USD/EUR (November 2023 average)
- Source
- skytree.tech
Parties
- Project developer
- Skytree B.V.
- Recipient type
- Grant recipient
- Country
- Netherlands
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis European Innovation Council Accelerator Investor US$2.70m Sole provider: the whole transaction
Carbon
- Pathway
- DAC
What happened
- A non-dilutive grant under Horizon Europe. The EIC separately committed to participate in a later Series A; that commitment is not capital advanced and is not recorded here.
Kumo note
- An award that is two instruments in one, a non-dilutive grant paid now and a commitment to invest in a later priced round, so the public body takes the technology risk before the private market prices it.
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