TPI Composites, Inc., a Scottsdale, Ariz.-based supplier of turbine blades to the wind energy industry, announced today that it completed a $26m Series B-1 funding.
The round was led by Element Partners with participation from existing investors Landmark Growth Capital Partners, NGP Energy Technology Partners, Angeleno Group and GE Capital.
The company, which operates factories throughout the US, Mexico and China, also announced the addition of Michael DeRosa of Element Partners and Daniel Weiss of Angeleno Group to TPI’s board of directors.
According to Paul Giovacchini, TPI Chairman and member of Landmark Growth Capital Partners, “The Series B-1 investment further strengthens the TPI balance sheet and its board”.
FinSMEs
03/12/2009