Foresight invests in Vertal and Closed Loop

The cleantech venture specialist previously provided Closed Loop Recycling with £12m in 2007, and Vertal with £5m in 2009. Total funding from Foresight in the two companies now exceeds £25m, which would value this latest round at over £8m.

Both companies completed commissioning of their first plants in 2009 and have seen a jump in revenues in 2010, according to Foresight. The funding will be used to open further sites in London and around the UK.

Founded in 2006, Mitcham-based Vertal is specialised in food waste treatment. Closed Loop Recycling is based in Dagenham and focuses on plastic recycling.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com

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