# Komaza Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/komaza-group

- Industry: Forestry & Timber
- Headquarters: Kenya
- Website: www.komaza.com
- Total disclosed funding: $38M
- Latest round: Series B (Jul 14, 2020)
- Investors on record: 4

## About

Based in Kenya, Komaza Group Inc. focuses on carbon sequestration by planting millions of trees in sustainably managed micro plantations, promoting both environmental sustainability and local economic development.Komaza Group Inc. was founded in 2006 and operates out of Kenya, specializing in tree-planting initiatives. The company engages smallholder farmers in its operations without any reported changes in business strategy. As of July 2020, they secured USD 28 mn in Series B funding co-led by AXA IM Alts and Netherlands Development Finance Company (FMO), with participation from Land Degradation Neutrality Fund (Mirova) and returning investor Novastar Ventures. Mr. Tevis Howard serves as the CEO.Komaza's main service revolves around carbon sequestration, achieved through the planting of millions of trees within sustainably managed micro plantations. Their approach promotes local economic development by integrating smallholder farmers into their operations, addressing the reduction of carbon emissions through verified carbon offsets. Komaza serves businesses and organizations seeking to offset their carbon footprints, primarily in North America and Europe. They launched a carbon offset program that is set to issue its first verified offsets in 2022, engaging with environmental NGOs and corporate clients to promote sustainable practices.Komaza's revenue model is based on the sale of verified carbon offsets generated from their tree-planting initiatives. Businesses and organizations purchase these offsets to meet sustainability goals, engaging in direct-to-consumer arrangements with Komaza. Pricing structures are established based on market demand and the verified impact of the projects, with the flagship service being their verified carbon offset program that supports local communities in Kenya.In July 2020, Komaza Group Inc. raised USD 28 mn in Series B funding to support its growth initiatives. The company plans to expand its operations from its first site on Kenya’s coast to two additional sites across East Africa. They aim to grow their line of sustainable building materials and introduce a new direct-to-farmer app to enhance farmer enrollment and access to best practices. Mr. Tevis Howard continues to lead the company as CEO.

## Funding rounds

- Series B, Jul 14, 2020, $28M — Netherlands Development Finance Company (FMO), AXA IM Alts, Novastar Ventures, Land Degradation Neutrality Fund (Mirova)
- Series A, May 15, 2017, $9.9M — Novastar Ventures

## Investors

- Novastar Ventures (https://capitalatlas.ai/funds/novastar-ventures) — Series A, Series B
- Netherlands Development Finance Company (FMO) — Series B
- AXA IM Alts — Series B
- Land Degradation Neutrality Fund (Mirova) — Series B