Komaza, a tech-enabled, sustainable forestry company has secured a first close of $28 million of its planned $33 million series B equity financing. With continued investment and support from its 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 Kenya-based compa...