Starfish has joined with five other managers to establish an equity funding facility for Ausra.
Venture capital manager Starfish Ventures has reinvested in California-based solar thermal energy company Ausra.
The Melbourne-headquartered manager is part of a group of five that has ploughed $25.5 million into an equity funding facility for the company.
Other members of the group are Al Gore-founded Generation Investment Management, Ausra founding investors Khosla Ventures and Kleiner Perkins Caufield & Byers, and Kern Partners.
Funds from the equity facility will be available to Ausra for acceleration of the company's solar thermal energy equipment supply business.
Ausra said the group had committed the funds to support global expansion opportunities for existing power generation and industrial steam applications.
Starfish Ventures has had a number of institutional investors, including Westscheme and MTAA Super.
Retirees face the risk of running out of money. We asked Macquarie Funds Group's head of longevity risk solutions Andrew Robertson how this can be avoided.... Watch»
Many in the industry would have been bogged down in submissions given the plethora of government reviews. Next year it will be the government's turn to act on the reviews. ... read more »
Home delivered!
Daily news, weekday mornings
Get the day's news delivered direct to your inbox. Register here (it's free!) and choose 'yes' to receive the InvestorDaily newsletter.
