EDF-backed fund Electranova Capital has provided the funds for the second close of a $27.7m round for the wind sensor company.
Leosphere, a France-based producer of laser radar remote sensor (LIDAR) technology, has closed the second tranche of a €20m ($27.7m) equity round supported by Electranova Capital, the venture capital fund sponsored by power company EDF.
Leosphere completed the round’s €10.5m ($14.6m) first tranche in December 2012 with an investment from cleantech private equity firm Oraxys. The company said at the time of the first close that it planned to use the cash to buy out investors Scientipôle Capital and Hedera…
