WHEB Ventures holds latest closing of cleantech fund on £90m

New investors include two German state funds of funds managed by the European Investment Fund: the ERP-EIF Fund of Funds and the LfA-EIF Fund of Funds, which between them have invested £21m.

Simultaneously, WHEB has expanded its office in Munich, Germany, with existing partner Jörg Sperling being joined by Alexander Domin as an associate and Thilo von Selchow and Dr Mike Mattner as venture partners.

Domin joins from Boston Consulting Group and holds a PhD in chemical engineering from Cambridge University. He was formerly the Co-Founder and a Director of ENVAL, a technology company developed for the treatment of packaging waste in Cambridge, UK.

Dr Mattner has experience in the clean technology sector, completing his PhD in chemistry under the former Chair of the Nobel Prize winner E.O. Fischer at TU München.

Von Selchow is CEO and President of ZMD, a provider of analogue mixed signal semiconductors.

Max-Arnold Köttgen has also been appointed to WHEB’s advisory board. He was formerly the CEO of OTTO Group Europe, the largest producer of waste containers in Europe.

Existing WHEB Fund 2 investments include AMCS in Limerick, Ireland which provides integrated technology solution to waste haulers in Ireland, Scandinavia, the UK and now the US.

WHEB Ventures was founded in 2002. The firm raised its first fund of £24m in May 2005.

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