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Leosphere has finalised its first institutional fund raising. The first part of a total fund raising of €20 million was closed with Oraxys, a European cleantech private equity firm for an investment exceeding €10 million.

The second part of this transaction will be completed in 2013. The wind industry has been a key market catalyst for LIDARs with increasing acceptance by the wind power community. Leosphere is also expanding into other attractive markets such as airports, severe weather forecast, climate change and also air quality and industrial security.
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