Leosphere : Major Equity Raise to Boost Global Expansion in the Wind and Air Trafic Industry

Leosphere, an established and recognized global leader in the laser radar remote sensors market (LIDAR), has finalized its first institutional fund raising. The first part of a total fund raising of €20 million was closed with Oraxys, a leading European cleantech private equity firm for an investment exceeding €10 million. The second part of this transaction will be completed in 2013. (press release)