Komaza raises $28M Series B to capture Africa’s $30B wood deficit while restoring degraded lands - press release - AXA Investment Managers

With this latest funding, Komaza is well on their way towards their goal of planting one billion trees by 2030 benefiting more than 2 million farmers in Sub-Saharan Africa.

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... Komaza, a tech-enabled, sustainable forestry company that is revolutionising 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.

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