PE Tech Report


Like this article?

Sign up to our free newsletter

Altira participates in FlexGen Power Systems’ $100m Series C round

Altira Group (Altira) an energy venture capital firm headquartered in Denver, has participated in the recent Series C multi-investor funding round for its North Carolina-based portfolio company FlexGen Power Systems (FlexGen).

Altira invested from Altira Technology Fund VI LP and through a separate special purpose vehicle (SPV) for current investors, alongside other current and new investors.

FlexGen is an integration and software technology provider that delivers utility-scale energy storage projects integrated with traditional and renewable power generation. Since its founding in 2009, FlexGen has installed more than 3 GWh of energy storage systems across the US for utility, microgrid, and commercial and industrial customers.

Cooley served as legal counsel for Altira Group. DLA Piper LLP acted as legal counsel, and Citi acted as sole placement agent to FlexGen.

Like this article? Sign up to our free newsletter