Komaza Raises $28M Series B to Capture Africa’s $30B Wood Deficit While Restoring Degraded Lands
07/14/20, 7:11 AM
Location
nairobiMoney raised
$28 million
Round Type
series b
Komaza, a tech-enabled, sustainable forestry company that is revolutionizing the wood industry in Africa through its innovative smallholder platform, has secured a first close of $28m of the company’s planned $33m Series B equity financing. With continued investment and support from their Series A lead Novastar Ventures, this financing round was co-led by Novastar LPs AXA Investment Managers (through the AXA Impact Fund: Climate & Biodiversity), and the Dutch development bank FMO, with further participation by Mirova’s Land Degradation Neutrality Fund.
Company Info
Location
nairobi, kenya
Additional Info
Komaza unlocks the potential of small-scale farmers to solve Africa's wood supply crisis. With a dramatically lower-cost and more-scalable forestry model, our vision is to become Africa’s largest forestry company, growing an environmentally-sustainable wood supply and generating truly life-changing income for millions of farmers. Komaza is proud to be a StartX company.