Leosphere closes second tranche from Electranova Capital

Leosphere has finalized the second tranche of a 20 million euro equity transaction. The second tranche was closed with Electranova Capital, the venture capital fund managed by Idinvest Partners and sponsored by EDF. Leosphere is a laser radar remote sensors business.


The corporate finance advisory firm, Natureo Finance, has announced that Leosphere, an established and recognized global leader in the laser radar remote sensors (LIDAR) market has just finalized the second tranche of a €20 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 €10.5 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”.
Philippe comments:
“We have helped major innovative cleantech companies to achieve their growth requirements. It has now been the case with Leosphere. And it also was the case with OXIS Energy, a British company which has developed cutting edge polymer lithium sulfur battery technology. Our sectorial expertise was fully brought to service for both Leosphere and OXIS Energy. For the latter we not only arranged an equity raise of USD24 million with the South African strategic investor SASOL, but we also helped the company to enter into Joint Development Agreements with Arkema (France) and Bayer (Germany, as well as into a production agreement with a leading Asian manufacturer”.
Christophe concludes:
“These cases illustrate that our sectorial knowledge and expertise in which we have invested throughout the development of our Sectorial Research, can be brought to service for our clients. At the end, it shows what Natureo Finance is all about, bringing our financial proficiency and industry knowledge to help our clients to broaden the scope of commercial activities”.

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