# Windlab

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/windlab

- Industry: Renewable Energy
- Headquarters: Canberra, Australia
- Website: http://www.windlab.com
- Total disclosed funding: $4M
- Latest round: Series A (Jul 1, 2007)
- Investors on record: 1

## About

Windlab is an Australian company focused on developing renewable energy projects, primarily specializing in wind energy generation to create carbon-free electricity solutions for various stakeholders.Founded in 2003, Windlab operates out of Canberra, Australia, specializing in the development of renewable energy projects. The company was established by Nathan Steggel and has successfully raised AUD 50 mn in its latest funding round, which occurred on August 17, 2017, through an IPO. Windlab has conducted a total of 5 deals to date, indicating its active engagement in the renewable energy sector.Windlab specializes in the development and delivery of renewable energy projects, with a strong emphasis on wind energy generation. The company's expertise, stemming from its origins in the CSIRO, allows it to effectively locate, design, and implement high-performance clean energy solutions. Their portfolio includes wind farm developments that contribute to both carbon-free electricity production and regional economic growth, serving a diverse clientele including energy retailers and government bodies across Australia, South Africa, Tanzania, and North America.In 2016, Windlab reported a revenue of AUD 12,709,038.5 and an EBITDA of AUD 4,421,821.2, primarily generated through the operation of renewable energy projects, focusing on wind power generation. Their business model relies on partnerships with energy retailers and local governments, structured around long-term power purchase agreements (PPAs) that ensure stable revenue from electricity sales to clients.Windlab plans to utilize funds raised through its AUD 50 mn IPO to expand its project portfolio and enhance its capabilities in developing renewable energy solutions. The company is expected to launch new wind energy projects in targeted markets, further solidifying its position. Their strategic focus includes exploring opportunities in additional geographic regions, particularly in emerging markets within Asia and Africa, within the next few years, aiming to address the increasing demand for renewable energy.

## Funding rounds

- Series A, Jul 1, 2007, $4M — Innovation Capital

## Investors

- Innovation Capital — Series A