Round Type
Series A
Hod HasharonEnergyVenture CapitalRenewable EnergyBiomass EnergyInvestors
Description
nT-Tao, the compact fusion energy company setting a new standard for the future of clean energy, today announced that MITSUI SUMITOMO INSURANCE Venture Capital, the Japanese asset management arm of Mitsui Sumitomo Insurance Company, has joined the Series A funding round in a deferred investment for an undisclosed sum. nT-Tao announced its Series A round in February of this year, closing $22M in funding led by Delek US - a Fortune 500 downstream energy company - Next Gear Ventures and Mayer Cars & Trucks Group, with additional participation from Honda, the Grantham Foundation, the lead investor in the company's seed round, J-IMPACT, East Innovate (the VC arm of East Alpha) and OurCrowd. These new funds enable nT-Tao to continue to develop and test its Compact Fusion Reactor, expand its team of physicists, and pursue other regional and global partnerships.
Quick answer
nT-Tao raised an undisclosed amount in a Series A round, dated August 31, 2023. Investors: Our Crowd, East Innovate, J Impact, The Grantham Foundation, Honda, Mayer Cars & Trucks Group, Next Gear Ventures and Delek US. nT-Tao is based in Hod Hasharon, Center District, Israel.
- How much did nT-Tao raise?
- nT-Tao raised an undisclosed amount in a Series A round on August 31, 2023.
- Who invested in nT-Tao?
- Our Crowd, East Innovate, J Impact, The Grantham Foundation, Honda, Mayer Cars & Trucks Group, Next Gear Ventures and Delek US are named as investors in this round.
- What does nT-Tao do?
- nT-Tao is disrupting the global energy sector by engineering a compact and scalable nuclear fusion energy technology with the goal of achieving commercialization this decade.
- Where is nT-Tao based and how big is it?
- nT-Tao is based in Hod Hasharon, Center District, Israel. Fundz records about 34 employees.
- Who are the decision-makers at nT-Tao?
- Fundz holds 1 contact at nT-Tao. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy and Venture Capital around the same time
Companies in the same sectors as nT-Tao that raised within 45 days of this round, from Fundz verified event records.
- Oneka Technologies raised $9.3M (Series A) on September 25, 2023.
- CH4 raised $29M (Series B) on August 29, 2023.
- Nodal Power raised $13M (Seed) on August 24, 2023.
- Greenbacker raised $75M (Funding Round) on August 17, 2023.
- OCOchem raised $4.6M (Seed) on October 12, 2023.
- SHINE raised $70M (Funding Round) on October 11, 2023.
Who to call at nT-Tao, and when
A new round usually means nT-Tao is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day nT-Tao raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at nT-Tao, from your own LinkedIn network
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Funding Insights
What this usually meansnT-Tao 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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