DevvStream Corp. (NASDAQ: DEVS) entered into a binding term sheet on January 14, 2026 with Fayafi Investment Holding Limited, a Dubai International Financial Centre‑registered investment platform. The agreement creates a jointly governed special purpose vehicle (SPV) that will pursue investment opportunities in environmental assets and digital currency, leveraging DevvStream’s blockchain‑enabled carbon credit tracking platform and Fayafi’s capital and regional market access.
The partnership is designed to combine DevvStream’s technology with Fayafi’s financial resources and Middle East and North Africa (MENA) network. The SPV is targeting a $100 million capital commitment by the end of 2027, with profits split 80 % to Fayafi and 20 % to DevvStream. The structure allows DevvStream to scale its carbon‑offset platform while gaining exposure to new markets and project pipelines that were previously out of reach.
DevvStream’s market capitalization stands at approximately $5.97 million, and the company’s stock has fallen nearly 79 % over the past year. The partnership represents a strategic effort to secure additional capital and broaden revenue streams amid financial challenges. By aligning with a regional investor, DevvStream aims to mitigate liquidity constraints and accelerate deployment of its carbon‑tracking solutions.
"This Investment Agreement is an important step forward toward the goal of expanding DevvStream's international reach and advancing a structured investment platform with a differentiated partner," said Carl Stanton, Chairman of DevvStream. "The proposed SPV framework aligns strong sourcing and execution capabilities with strategic capital and cross‑border sponsorship, and we believe it can accelerate the pace at which high‑quality energy transition projects are developed and monetized."
"Fayafi has been scouting for like‑minded partners to invest into future cleantech, decarbonization, and regulatory compliant blockchain technologies, and with DevvStream we aim to align our mutual roadmaps. By combining Fayafi's access to capital and regional relationships with DevvStream's global network and capabilities, we intend to move from strategy to execution as opportunities are approved," added Michael Perschke, Chief Strategist & Lead Investment Impact Officer at Fayafi.
The SPV’s focus on decarbonization and energy transition projects positions DevvStream to tap into a rapidly expanding global environmental asset market, projected to reach $1.2 trillion by 2026. While the $100 million target is non‑binding, the partnership signals a commitment to scaling the platform and accessing new project pipelines in the MENA region, potentially transforming DevvStream’s growth trajectory and competitive positioning.
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