Principle Power takes $2.3M for clean energy development

Principle Power, a San Francisco company with offices in Seattle, has raised a $2.3 million seed funding made up of convertible debt to build and operate clean energy assets. The company issued a release on the news a week ago, which was recently discovered by VentureWire.

The company says the round was oversubscribed by more than 50 percent, with eight Keiretsu Forum investors joining. The funds will go toward efforts in offshore wind, solar and hydro.

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