Laser radar remote sensors (LIDAR) specialist Leosphere has finalised the second tranche of a EUR20 million equity transaction.
The second tranche was closed with Electranova Capital, the venture capital fund managed by Idinvest Partners and sponsored by EDF, the world’s second largest utility company.
The first tranche of EUR10.5 million had been concluded in December 2012 with Oraxys.
Philippe Schmitt, co-founder of Natureo Finance, Leosphere’s sole financial advisor, says: “We are extremely pleased to have supported Leosphere, one of the leading cleantech companies in France over the last three years. Since inception in 2004, Leosphere has transformed the LIDAR into turnkey real-time diagnostic systems, expanding profitably and globally at a very rapid pace. We have seen tremendous interest from first class investors from different parts of the world, showing the relevance of Leosphere’s positioning.”
Christophe Rouvière, co-founder of Natureo Finance, adds: “Natureo Finance was set up six years ago with the ambition to serve leading small and medium size companies and to provide them with the relevant tools to face the challenges of growth in a global environment. We see that our clients need advisors who fully understand their specific constraints, not only from a financial standpoint but also from sectorial, industrial and operational ones. Being able to understand our clients and to develop long term relationships with them is essential, it is our raison d’être.”
