Medford-based UpWind Solutions Inc. has raised $10 million of what is expected to be a $18.8 million round.
Medford-based UpWind Solutions Inc. has raised $10 million of what is expected to be a $18.8 million round.
UpWind Solutions, formed in 2007, is a third-party service provider for the operations and maintenance needs of wind farms. It’s a service that will become increasingly necessary as more wind farms spring up around the country and company warranties of the wind turbines expire.
The investment comes about a year after UpWind closed a $28.8 million equity-financing round led by Sand Hill Road investors Kleiner Perkins Caufield & Byers and Connecticut-based MissionPoint Capital Partners.
Read more at Sustainable Business Oregon.
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