Low Carbon Accelerator (LCA), managed by Low Carbon Investors, has invested a further £500,000 into wind turbine manufacturer Proven Energy Ltd, increasing its equity holding in the business to 49.8%.
Earlybird, Hummingbird and Endeavour Catalyst have exited to US-based mobile game designer Zynga
GP invests via its renewable-energy-dedicated fund Green Arrow Energy Fund
Ingo Stoff will be part of the Munich-based team and joins from the PE division of a family office
Transaction is made via a club deal which saw participation of several private investors alongside Cherry Bay