FloDesign speeds quest for midsize wind turbine
FloDesign Wind, a company developing a wind turbine that borrows technology from jet engines, has raised a second round of venture capital and hired a new CEO.
The Wilbraham, Mass.-based company on Tuesday said initial investor Kleiner, Perkins, Caufield & Byers led a $34.5 million series B round, which included money from a Goldman Sachs managed investment fund, Technology Partners, and VantagePoint Venture Partners.
The new CEO is Lars Andersen, who was last the president of wind turbine maker Vestas in China.
With the second round of investment and new CEO, the company is seeking to shift from … Read more