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Loam Bio completes $105m raise
Decarbonisation start-up Loam Bio has been advised by G+T Ventures on its $105 million Series B funding round.
Jerome Doraisamy
Firm: Gilbert + Tobin (Loam Bio)
The funds raised will be used, the firm said in a statement, to expand the availability of Loam Bio’s seed coating that supercharges plants’ ability to store carbon in the soil.
Area: Venture capital
Value: $105 million (US$73 million)
Key players: The G+T team was led by G+T Ventures head Xavier Keary, who was supported by lawyers Henry Simpson and Alex Berry.
Deal significance: Speaking about the raise, Mr Keary said: “We are thrilled to have supported Loam Bio in its latest fundraising round.
“Soil carbon sequestration is a vital tool in the battle against climate change, and we are proud to be able to support Loam Bio in its mission to simultaneously increase soil carbon sequestration while improving soil health.”
Loam chief executive Guy Hudson added: “Funding rounds can be complicated at the best of times; having specialist legal advisors with deep expertise in the field was crucial to running a smooth process.
“I would highly recommend Xavier and the G+T Ventures team.”
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.
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