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Cleantech specialist tops target with first fundraising

Environmental Technologies Fund, the London-based venture capital fund focusing on clean technologies, has held a final close on its debut fund after raising a greater than expected £110m (€144m) from venture capital and institutional investors.

The amount raised was nearly triple the €50m ($76m) committed by the fund’s first close in November 2006, when it set a target of raising €150m to invest in companies across Europe that focused on clean technologies and services, according to statements by ETF.

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