The tidal turbine company secured funding from investors including Farinia and IWF Group as it aims to expand internationally.
France-based tidal turbine engineering company Sabella has closed an €8m ($8.5m) round featuring Farinia, an iron forging and casting products manufacturer, and IWF Group, an energy and gas processing company.
French public investment bank Bpifrance, which invested via its €150m environmental technology-focused Ecotechnologies fund, and investment firms Emertec and Go Capital also supported the round.
Two investment vehicles managed by French banks also participated – Crédit Agricole du Finistère’s Force 29 fund and BPA Litto Invest, a fund set up…
