FloDesign Wind Turbine Lands $3,000,000 New Funding Round

  • Feed Type
  • 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
  • Venture Investor
    Massachusetts Clean Energy Center