Pure Klimaschutz Raises $1.25M Following IPO

Dec 16 2009 | 12:13pm ET

Swiss carbon offset player Pure Klimaschutz has received a capital injection CHF 1.3 million ($1.25 million) following a successful IPO on the Berne Stock Exchange.

Swiss venture capital fund Cleantech Invest AG participated in the capital increase along with several investors including a “well-known Swiss investor group.”

Pure Klimaschutz says it will use the capital to continue financing innovative carbon offset projects in South East Asia and South Africa. As a second-generation carbon player, the company concentrates on a small number of specifically targeted greenhouse gas reduction sectors such as waste water treatment, energy efficiency and waste heat recycling.

“The successful capital injection into Pure Klimaschutz shows that innovative carbon businesses continue to attract capital – in a year that has seen very little new investment in carbon funds” said Jürgen F. Habichler, president of the Cleantech Invest board of directors, in a statement.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain Capital: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of