ROMO Wind is a product-led technology and service company that develops patented wind measurement technology and rotor-adjustment solutions to optimize wind farm performance. The company’s iSpin measurement products accurately measure wind speed and direction at the turbine, enabling performance assessment, correction and control. ROMO has signed contracts with large utility wind-farm owners jointly owning approximately 18 GW of installed capacity. Founded in Switzerland in 2011, the company is headquartered in Zug and maintains offices in Aarhus, Ostenfeld and Madrid. Management says the financing is an endorsement of the technology, team and business model and will help ROMO penetrate the global market for wind-farm optimization. The company reported closing a new financing round that strengthens its financial position amid difficult financing conditions for new companies.

Total raised

$6M

Funding rounds

1

Latest round

Equity

Latest activity

Apr 2013