General Fusion, headquartered in Vancouver, Canada, is advancing the field of fusion energy with its proprietary Magnetized Target Fusion technology. The company aims to deliver economical carbon-free fusion energy by the 2030s. General Fusion has garnered support from a global syndicate of institutional investors, venture capital firms, and technology pioneers. The company's collaboration with governments across North America and Europe demonstrates its strong international backing. With a foundation laid in 2002, General Fusion has established additional centers near London, UK, and in Oak Ridge, Tennessee, USA, co-located with renowned fusion research laboratories. Notably, the company recently secured a $5.00M grant investment from the Strategic Innovation Fund (SIF), signaling ongoing support and recognition for its innovative approach to revolutionizing the energy industry. General Fusion's commitment to creating a sustainable future through cleaner energy and comprehensive infrastructure approaches positions it as a key player in the renewable energy sector. Explore the future of fusion at generalfusion.com.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Grant | $5.00M | 1 | Strategic Innovation Fund | 04 Dec 2023 |
Series F | $33.50M | 3 | Strategic Innovation Fund | 09 Aug 2023 |
Grant | $5.00M | 1 | 09 Aug 2023 | |
Series E | $166.00M | 10 | Tobias Lütke, Kam Ghaffarian +3 | 30 Nov 2021 |
Venture Round | Unknown | 2 | IBX | 22 Jul 2020 |
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