TPI Composites raises US$ 20 million of growth capital

TPI Composites, Inc. has announced it has received US$ 20 million from GE's investment arm, Landmark Growth Capital Partners, NGP Energy Technology Partners and Angeleno Group to support its growth.

The Series B funding, announced reflects an increase in the company's valuation since Series A financing was completed a year earlier. Details of the Series B Convertible Preferred equity financing, which closed Dec. 30, were not disclosed.