Biomass company Cycleenergy raises €10m in venture capital

30 Sep 2009

Austrian biomass power plant developer Cycleenergy Beteiligungs has raised €10m in second round funding. Portuguese private equity firm Banif Investment Managers led the round with a €6m investment through its New Energy Fund, with participation from 3i, a London fund advised by 3TS Capital Partners, and Cycleenergy.

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