Westly Group Raises $160M Cleantech Venture Capital Fund

Menlo Park-based the Westly Group raised a $160m cleantech venture capital fund.

Limited Partners include Citi, E.ON, and Korea based SK Group.

The fund will invest in the clean technology sector targeting high growth companies with revenues as well as earlier stage opportunities with capital efficient business models.

Led by Mike Dorsey and Steve Westly, managing partners, the Westly Group is a cleantech venture firm focusing primarily on cleantech opportunities in North America. It has had four portfolio companies go public on the NASDAQ including Tesla Motors, Amyris, and China Recycling Energy Corporation.



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