Inveniam Corporate Finance have assisted Vortex Wind Technology with the delivery of a significant equity investment.
Vortex have developed proprietary technology to be used on both onshore and offshore wind farms. The funding will secure the business through proof of concept and full-scale product commercialisation.
Lee Humble, Corporate Finance Director at Inveniam, commented “Vortex is a fantastic early stage business with a truly market leading offering. Their technology is proven to improve turbine efficiency and energy yield, of which we anticipate considerable market demand. Given the growth in alternative and renewable energy sources management have a great opportunity to penetrate an expanding market.”
Inveniam sourced the funding through a syndicate of investors and managed the investment through to completion. Martyn Tennant of Swinburne Maddision supported Inveniam on the transaction and going forward Inveniam also provide the business with accounting input on a monthly basis and provide board representation.