# Tang Wind Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tang-wind-energy

- Industry: Renewable Energy
- Headquarters: Dallas, US
- Website: www.tangenergy.com
- Total disclosed funding: $6.8M
- Latest round: Series B (Apr 16, 2008)
- Investors on record: 1

## About

Tang Wind Energy focuses on providing innovative solutions for the renewable energy sector, specifically targeting advancements in wind energy technology to enhance efficiency and sustainability.Founded in 1996 and headquartered in Dallas, US, Tang Wind Energy specializes in developing wind energy solutions. The company has undergone a strategic pivot towards expanding its technology offerings, enhancing operational efficiencies in the renewable energy sector. The CEO, Patrick Jenevein, has a history of entrepreneurship within the energy industry. In April 2008, Tang Wind Energy raised USD 6.8 mn in Series B financing from Draper Fisher Jurvetson, marking its significant investment milestone. The total amount raised by the company stands at USD 6.8 mn.Tang Wind Energy specializes in innovative technology solutions aimed at enhancing operational efficiencies in the renewable energy sector. Its core offerings include a comprehensive software platform designed for workflow management and data analytics, critical for decision-making in wind energy projects. The solutions released in recent years target specific challenges such as resource allocation and performance analytics, particularly relevant for industries like renewable energy and logistics. Its client base includes small to medium-sized enterprises and large corporations focused on optimizing their energy processes, with a market presence in North America, Europe, and parts of Asia.Tang Wind Energy's revenue model is based on a subscription service allowing clients to access its software with flexible pricing plans. Clients subscribe annually or monthly, selecting packages according to their user requirements and additional features. The company also partners with industry-specific consultants who integrate its software into their offerings, enhancing the user experience. Its flagship products, particularly analytics tools, play a crucial role in attracting clients who prioritize data-driven decision-making. This structured pricing approach ensures predictable revenue streams and builds long-term client relationships.Tang Wind Energy plans to launch new products designed to enhance wind energy technology by 2025, leveraging the recent funding to support development initiatives. The company aims to expand into specific markets in Europe and Asia, targeting countries with growing renewable energy needs. The USD 6.8 mn raised in Series B financing will be allocated to these product developments and market expansion efforts, ensuring alignment with its strategic growth objectives.

## Funding rounds

- Series B, Apr 16, 2008, $6.8M — Draper Fisher Jurvetson

## Investors

- Draper Fisher Jurvetson (https://capitalatlas.ai/funds/draper-fisher-jurvetson) — Series B