Novatron Fusion Group has successfully closed its Series A1 funding round, with lead investor St1 joining to accelerate fusion energy development in the Nordics. This partnership marks a significant step towards achieving fossil-free energy independence.
Round Type
Series A
StockholmManufacturingInformation TechnologyBiotechnologyInvestors
Description
Novatron Fusion Group (NFG) has announced the successful closing of its Series A1 funding round, enhanced by a strategic partnership with lead investor St1. This collaboration aims to reduce society's dependence on fossil fuels while addressing future energy demands. CEO Henrikki Talvitie of St1 joins NFG's board, bringing vital expertise for their ambitious roadmap. The partnership follows the assembly of the first prototype of NFG’s NOVATRON fusion solution, with plans for continued experiments and future phases of development.
Quick answer
Novatron Fusion Group AB raised an undisclosed amount in a Series A round, dated March 19, 2025. Investors: Axon Partners Group, Santander InnoEnergy Fund, Climentum Capital, TomEnterprise, St1, Unit E Limited, Granitor and Industrifonden. Novatron Fusion Group AB is based in Stockholm, Stockholm County, Sweden.
- How much did Novatron Fusion Group AB raise?
- Novatron Fusion Group AB raised an undisclosed amount in a Series A round on March 19, 2025.
- Who invested in Novatron Fusion Group AB?
- Axon Partners Group, Santander InnoEnergy Fund, Climentum Capital, TomEnterprise, St1, Unit E Limited, Granitor and Industrifonden are named as investors in this round.
- What does Novatron Fusion Group AB do?
- Novatron Fusion Group AB is a Swedish company aiming to revolutionize the field of nuclear fusion for energy production and fast-track the transition to commercial fusion power.
- Where is Novatron Fusion Group AB based and how big is it?
- Novatron Fusion Group AB is based in Stockholm, Stockholm County, Sweden. Fundz records about 43 employees.
- Who are the decision-makers at Novatron Fusion Group AB?
- Fundz holds 1 contact at Novatron Fusion Group AB, including the Executive Officer, Director, Promoter. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Manufacturing and Biotechnology around the same time
Companies in the same sectors as Novatron Fusion Group AB that raised within 45 days of this round, from Fundz verified event records.
- Solena Materials raised $6.7M (Seed) on May 3, 2025.
- iBio raised $11M on April 29, 2025.
- Trethera raised $250K on April 29, 2025.
- Conavi Medical raised $16M on April 23, 2025.
- Ensysce Biosciences raised $2.2M (Seed) on April 23, 2025.
- Lexington Medical raised an undisclosed amount (Corporate Round) on April 17, 2025.
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