Exclusive: Westly Group Nears First Close Of Third Cleantech Fund

The Westly Group, the Menlo Park, Calif. venture fund, is beating the pavement, busy raising a third cleantech-focused venture fund and aims to reach a first close in the spring.

For its third fund Westly aims to raise $175 million, Managing Director Gary Dillabough, tells G.E.R.  So far it’s received commitments – from new and returning investors — for about 30 percent of the amount sought.

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