General Fusion Closing Oversubscribed $130 Million Transitional Financing Round
Amount Raised
$130 Million
Round Type
Funding Round
VancouverEnergyDescription
General Fusion announced today it is closing an oversubscribed $130 million (USD) Series E funding round filled by a new syndicate of global investors. This financing, led by Temasek, significantly expands the company’s portfolio of institutional, sovereign, family office, and high net worth investors, providing the prelude to a large financing round being prepared for 2022. Combined with broad financial support from the Canadian, U.K., and U.S. governments, the General Fusion Series E round supports aggressive pursuit of several near-term initiatives and milestones in its program to commercialize Magnetized Target Fusion (MTF).
Quick answer
General Fusion raised $130 Million in a Funding Round round, dated November 30, 2021. General Fusion is based in Vancouver, Washington, United States.
- How much did General Fusion raise?
- General Fusion raised $130 Million in a Funding Round round on November 30, 2021.
- What does General Fusion do?
- General Fusion is developing fusion energy: a clean, safe, abundant and on-demand approach to generating electricity.
- Where is General Fusion based and how big is it?
- General Fusion is based in Vancouver, Washington, United States. Fundz records about 8 employees.
- Who are the decision-makers at General Fusion?
- Fundz holds 1 contact at General Fusion, including the Chairman and CEO of Spring Valley Acquisition I, II, III, IV. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy around the same time
Companies in the same sectors as General Fusion that raised within 45 days of this round, from Fundz verified event records.
- Daanaa Resolution Inc. raised $6.5M on January 14, 2022.
- Columbia Power Technologies, Inc. raised $2.5M (Seed) on January 14, 2022.
- Neighborhood Sun Benefit Corp. raised $1.5M (Seed) on January 13, 2022.
- W Energy Software raised an undisclosed amount (Corporate Round) on January 13, 2022.
- Spring Lane Capital raised an undisclosed amount on January 13, 2022.
- Qnovo raised an undisclosed amount on January 11, 2022.
Who to call at General Fusion, and when
A new round usually means General Fusion is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day General Fusion raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at General Fusion, from your own LinkedIn network
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Related People
General Fusion raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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