Press Release August 05, 2020

Komaza Raises $28 Million Series B to Capture Africa’s $30 Billion Wood Deficit While Restoring Degraded Lands

The Technology team advised Komaza on its $28 million Series B equity financing. 

Komaza is a tech-enabled, sustainable forestry company that is revolutionizing the wood industry in Africa through its innovative smallholder platform. The Kenya-based company has planted over 6 million trees with 25,000 smallholder farmers to date, with annual plantings nearly doubling Kenya’s rate of commercial tree planting. 

With continued investment and support from Komaza’s 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.

The Goodwin team was led by Kristin Gerber, Julia White, Sophie Stramm, and Nick Barnard.

For more details, read the press release and article in Forbes