NZ Super Fund invests US$60 million in LanzaTech, taking 17% stake

Mon, 08 Dec 2014

By Fiona Rotherham Dec. 8 (BusinessDesk) - The New Zealand Superannuation Fund has invested US$60 million in LanzaTech, taking a 17 percent stake, in what may be the gas fermentation company's last capital raising before beginning to earn revenue. The investment values the company at about US$400 million and makes the Super Fund the second-biggest shareholder behind Silicon Valley-based Khosla Ventures with 42 percent. One of Lanzatech’s original investors was Stephen Tindall’s KIWI fund, which owns 8.66 percent, while founder Sean Simpso...

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