U.K. Cleantech Venture Fund Holds Second Close

Jan 8 2009 | 8:56pm ET

U.K.-based WHEB Ventures has held a second closing of its latest clean technology fund, according to Environmental Finance

In its most recent round of fundraising, the firm secured £73.7 million ($112 million), with a previous fundraising round netting £57 million.  The fund is targeting a total of £150 million, which is more than 6 times as large as the firm’s first fund, which was launched in 2005.

The fund has already invested with one British company, Watson Brown HMS, which recycles rubber waste. 

WHEB Ventures is also expanding it footprint with the opening of an office in Germany, which will be led by Joerg Sperling. Sperling was previously with U.S.-based venture capital firm Ridgewood Capital.

 


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