May 06, 2010

Public-Private Fund To Invest In Wind Power Start-up

Innovation Network Corp. of Japan (INCJ), public-private fund, has decided to purchase a 1.1 billion yen stake in Zephyr Corp., a start-up developing small wind power generators, according to the Nikkei. This is the fund's first investment in a venture company. The Tokyo-based wind power company will use the proceeds to expand its production facilities and overseas sales offices.
Zephyr has fundraised from many VCs and is expected to go public in 2014.

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