2018 Lab proponent Komaza has secured the first close of $28m of the company’s planned $33m Series B equity financing. This is one more step towards fundraising for the Smallholder Forestry Vehicle.

“Komaza is a vertically integrated forestry company. We work on the entire chain of forestry, we own and operate the largest seedling nursery in Kenya, so we make our own seedlings, and distribute and plant them with our partner farmers. Africa is really the last palace that has an insatiable demand for construction and furniture products as these cities and towns grow over the next few decades,” Komaza CEO Tevis Howard told Reuters

Read more about Komaza in this article on Forbes and also on Business Wire.