Westly Group whets corporate interest for $130m fund

Jul 24, 2018 • Robert Lavine

Innogy and Duke Energy are the anchor investors for a fund where CLP Group, American Electric, Chubu Electric and Bridgestone are LPs.

US-based venture capital firm The Westly Group has raised $130m for its latest fund, with several corporates among the limited partners, Bloomberg has reported.

Duke Energy and Innogy were among the anchor investors, and the limited partners (LPs) included fellow energy utilities CLP Group, American Electric Power and Chubu Electric Power as well as tire manufacturer Bridgestone.

Founded in 2007, Westly focuses on energy, transportation and smart building technology developers, and the latest fund will provide between $3m and $5m…

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