The profile is currenly unclaimed by the seller. All information is provided by CB Insights.

komaza.com

Founded Year

2006

Stage

Debt | Alive

Total Raised

$47.91M

Last Raised

$10M | 6 mos ago

About Komaza Group

Komaza is a forestry company that focuses on the growth of environmentally-sustainable wood supply.

Komaza Group Headquarter Location

855 El Camino Real #13A-161

Palo Alto, California, 94301,

United States

415-513-5787

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Komaza Group News

FMO invests US$7.5mn into sustainable forestry company Komaza

Jul 20, 2020

14 Jul 2020 FMO signed a USD 7.5 million investment in Komaza Group Inc., as part of a USD 28 million series B round with Novastar Ventures East Africa Fund, AXA Investment Managers (through the AXA Impact Fund: Climate & Biodiversity) and Mirova’s Land Degradation Neutrality Fund. Komaza is a forestry company designed to get Kenyan smallholder farmers out of poverty and to address a large and fast-growing wood market in Africa. FMO’s investment is funded by the  Dutch Fund for Climate and Development  (DFCD). Many smallholder farmers in Africa leave large parts of their land untouched, and only plant what they need to survive. Komaza offers these farmers the option to plant fast growing trees, like eucalyptus and melia (a native, drought resistant species) on their untapped parts of land. This provides farmers with the opportunity to generate additional income over a longer period of time. Komaza and its partner farmers plant woodlots that are managed collectively as a “virtual plantation.” Farmers contribute land and labour and are paid a fair price for harvested trees. Komaza provides them with training and the support across the entire value chain, from supplying seedlings and other planting inputs to establish tree farms, during the lifetime of the trees and ultimately the company harvests and processes the wood to local markets. Komaza has already planted with more than 25,000 partner farmers. The first plots that were planted are starting to generate their first income for Komaza’s partner farmers. In addition to supporting smallholder farmers, Komaza aims to plant 2,500 hectares per year in its greenfield operations and plant 3 trees for each tree cut down in its brownfield operations, yielding significant carbon sequestration. Jaap Reinking, Director Private Equity at FMO commented: “We are very proud to support this innovative and promising company with large scale social and environmental impact in these challenging times. Not only is the investment in Komaza fully aligned with our impact agenda; it is also a real game changer as it is one of the first deals for which we have completed a virtual due diligence!” “For every acre of habitat lost on Kenya’s coast, more species go extinct than anywhere on the planet” says Tevis Howard, Komaza’s Founder and CEO. “Massive challenges need ambitious companies fighting to create value and align incentives around solutions that work for both people and planet. At Komaza, our vision is to become Africa’s largest forestry company, by partnering with farmers to provide a sustainable and hyper-scalable domestic supply of wood. As a result, farmers get a climate-resilient, zero-risk, source of wealth creation for their families, and investors get commercial returns, all while relieving the intense pressure on remaining natural forests.” Komaza has set itself the goal to plant 1 billion trees with 2 million farmers across 10+ countries by 2030. FMO’s funding will support the growth of Komaza within Kenya and potentially across sub-Saharan Africa. -END-

Komaza Group Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Komaza Group Rank

  • When was Komaza Group founded?

    Komaza Group was founded in 2006.

  • Where is Komaza Group's headquarters?

    Komaza Group's headquarters is located at 855 El Camino Real, Palo Alto.

  • What is Komaza Group's latest funding round?

    Komaza Group's latest funding round is Debt.

  • How much did Komaza Group raise?

    Komaza Group raised a total of $47.91M.

  • Who are the investors of Komaza Group?

    Investors of Komaza Group include Serra Ventures, FMO, Novastar Ventures, AXA Investment Managers and Mirova Natural Capital.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.