About this raise: Flower Turbines, with a valuation of $124.57 million, is raising funds on StartEngine through Reg A+ crowdfunding. The company has created small wind turbines that are sleek, innovative, and efficient. The turbines of Flower Turbines also address the problems of turbulence and design and are disrupting the industry through the cluster effect of its turbines. The company has launched US manufacturing and sales and is scaling up within the EU and other international markets. Dr. Daniel Farb founded Flower Turbines in 2013. The current crowdfunding campaign has a maximum target of $12.42 million. The campaign proceeds will be used for engineering, R&D, manufacturing, marketing and sales, public relations, patents and IP, and certifications.

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Investment Overview

Invested this round: $4,558,015

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
02/17/2023
Close Date
Not Provided
Min. Goal
$600
Max. Goal
$12,420,000
Min. Investment

$600

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$12.00

Pre-Money Valuation

$124,570,000

Company & Team

Company

Year Founded
2013
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Location
Lawrence, New York
Business Type
Growth
Company Website
Visit Website

Team

Employees
10
Prior Founder Exits?
No
Founder Name
Dr Daniel Farb
Title
CEO

Financials

 Revenue +130% YoY
$338,643
 Monthly Burn
$261,806
 Runway
9 months

Balance Sheet

Cash and Cash Equivalents

$2,350,678

Accounts and Notes Receivable

$133,151

Property, Plant and Equipment (PP&E)

$40,850

Total Assets

$5,205,282

Accounts Payable & Accrued Liabilities

$496,479

Long Term Debt

$53,258

Total Liabilities

$549,737

Total Stockholders' Equity

$4,655,545

Total Liabilities and Equity

$5,205,282

Statement of Comprehensive Income Information

Total Revenues

$338,643

Costs & Expenses Applicable to Rev

$477,995

Net Income

$-3,141,666

Earnings Per Share - Basic

$-0.33

Earnings Per Share - Diluted

$-0.33

Auditor: Fruci & Associates II, PLLC
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Ratings Kingscrowd Startup Rating Methodology Article

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$11,000,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/05/2025 StartEngine $148,106,364 $944,617 Equity - Common Active RegCF
05/31/2024 StartEngine $133,682,160 $1,798,586 Equity - Common Funded RegCF
02/22/2024 StartEngine $124,570,000 $4,558,015 Equity - Common Funded RegA+
12/30/2021 StartEngine $61,700,000 $9,175,306 Equity - Common Funded RegA+
02/25/2021 StartEngine $26,017,770 $1,032,120 Equity - Common Funded RegCF
11/30/2019 StartEngine $7,600,000 $1,069,804 Equity - Common Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

Founder Profile

Flower Turbines Founder Daniel Farb on Bringing Beauty and Energy Together

Large wind turbines are an important part of the renewable energy movement. But they’re typically placed in remote areas. Small wind turbines can be used in cities and other more densely populated areas, but they come with their own problems. They’re often noisy, inefficient, and dangerous for birds. 

Flower Turbines is trying to change that. Its small tulip-shaped turbines are quiet, aerodynamic, durable, and beautifully designed. We sat down with Flower Turbines founder Daniel Farb to learn about how the company’s turbines compare to solar energy and how much progress the company has made since its last funding round.

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview

Company Updates

Flower Turbines was one of 2021’s most popular online raises. The startup sells small, beautiful wind turbines to businesses. Their unique and elegant design can produce cheap and clean electricity while enhancing the aesthetic of any facility. 

The company’s last round was rated a Deal to Watch. It raised $9.2 million from 4,768 investors at a $61.7 million valuation. This is pretty impressive but not surprising. Even though the market for small distributive wind turbines has yet to really take off, Flower Turbines seems to have one of the few products that has the potential to generate interest from customers.

I contacted Flower Turbines founder and CEO Daniel Farb to learn more about the company’s progress since its last raise and its plans for the future.

View Company Update

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Flower Turbines on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $124,570,000
Price per Share: $12.00

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