Japanese Laser Fusion Company, Ex-Fusion, Raises $1.8 Billion Yen As Seed Round With Plans To Advance Laser Fusion Research And Development
Jul 06, 2023•over 2 years ago
Amount Raised
$1.8 Billion
Round Type
seed
Investors
Mitsubishi Ufj Capital
Description
EX-Fusion announced today the close of an over-subscribed $1.8 billion yen seed-round investment designed to accelerate the commercial development of laser fusion technology. EX-Fusion has raised 130 million yen to date, and this latest financing will bring the total amount raised to 1.93 billion yen.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers