FloDesign Wind Turbine Lands $3,000,000 New Funding Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9ecdd9df-99e3-40d1-9eb2-25f8b1474498&Preview=1 -
Date
4/8/2010 -
Company Name
FloDesign Wind Turbine -
Mailing Address
380 Main Street Wilbraham, MA 01095 -
Company Description
The company develops wind turbines for electrical power production. -
Website
http://www.flodesignwindturbine.org -
Transaction Type
Debt, Venture Equity -
Transaction Amount
$3,000,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
It plans to expand its operation in the state with the addition of a new corporate headquarters and product development center in Waltham, the state announced today. FloDesign, which is developing wind turbines with technology reminiscent of jet engines, will keep its Wilbraham location as an aerodynamics research center. -
M&A Terms
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Venture Investor
Massachusetts Clean Energy Center
