Tech Company Financing Transactions
Modvion Funding Round
On 2/6/2023, Modvion raised $11.8 million in funding from Vestas Ventures, Almi Invest GreenTech and Course Corrected VC.
Transaction Overview
Company Name
Announced On
2/6/2023
Transaction Type
Venture Equity
Amount
$11,800,000
Round
Undisclosed
Investors
Proceeds Purpose
The �11 million round will help to deliver Modvion's first wind turbine installation, a 150-metre structure an-ticipated to produce 2MW of electricity.
Company Information
Company Status
Private & Independent
Industry
Clean Tech
Mailing Address
Transportgatan 39
Gothenburg, 422 46
SE
Gothenburg, 422 46
SE
Phone
Undisclosed
Website
Email Address
Overview
Modvion is a tech company -- focusing on engineered wood We are challenging the potential within wood. This precious material should be used strategically and replace concrete and steel whenever appropriate. It simply does the job better whilst lowering levels of CO2. We believe that wooden towers certainly will be a great part of the next generation of wind power. We are equally excited over the technical potential in the wooden fibre and the additional function as a carbon sink.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Otto Lundman
Chief Financial Officer
Maria Hedlund
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Where The Data Comes From
We do our best to record tech company VC transactions. VC investment data records reported here are sourced from a variety of public sources. The data is sourced from VentureDeal.com, an affiliated venture.
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