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FloDesign Wind Sails With Series B Venture Capital

Thursday, January 21, 2010 5:51:00 AM PDT | VentureDeal Staff

Wilbraham, Massachusetts  --  Alternative energy company FloDesign Wind Turbine has secured $34.5 million in its second round of institutional venture capital investment.

FloDesign develops the latest technology wind turbines for electrical power grid production.

Investors in the round included Kleiner Perkins Caufield & Byers, Goldman Sachs, Technology Partners and VantagePoint Venture Partners.  Proceeds purposes from the financing were not disclosed.

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