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Pacific Fusion Corp. raised $900 million in a Series A funding round led by General Catalyst to develop a nuclear fusion-based energy source.

PRIVATEOct 25, 2024

Amount Raised

$900 Million

Round Type

Series A

FremontEnergyRenewable Energy

Investors

Breakthrough Energy VenturesKen GriffinPatrick CollisonEric SchmidtGeneral CatalystJohn DoerrMustafa SuleymanHemant TanejaHillspire

Description

Pacific Fusion Corp. has successfully raised over $900 million in a Series A funding round, led by General Catalyst. The funding reflects the significant capital required for developing nuclear fusion technology, amidst rising global interest in alternative energy sources.

Quick answer

Pacific Fusion raised $900 Million in a Series A round, dated October 25, 2024. Investors: Breakthrough Energy Ventures, Ken Griffin, Patrick Collison, Eric Schmidt, General Catalyst, John Doerr, Mustafa Suleyman and Hemant Taneja. Pacific Fusion is based in Fremont, California, United States.

How much did Pacific Fusion raise?
Pacific Fusion raised $900 Million in a Series A round on October 25, 2024.
Who invested in Pacific Fusion?
Breakthrough Energy Ventures, Ken Griffin, Patrick Collison, Eric Schmidt, General Catalyst, John Doerr, Mustafa Suleyman and Hemant Taneja are named as investors in this round.
What does Pacific Fusion do?
Pacific Fusion Corp. is a power company focused on developing a nuclear fusion-based energy source.
Where is Pacific Fusion based and how big is it?
Pacific Fusion is based in Fremont, California, United States. Fundz records about 130 employees.
Who are the decision-makers at Pacific Fusion?
Fundz holds 2 contacts at Pacific Fusion. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Renewable Energy around the same time

Companies in the same sectors as Pacific Fusion that raised within 45 days of this round, from Fundz verified event records.

  • Vermont Electric Power Company raised $150M on December 9, 2024.
  • GBM Works raised $6.3M (Seed) on December 6, 2024.
  • enSights raised $10M (Series A) on December 4, 2024.
  • Brenmiller Energy raised $1.1M (Seed) on December 4, 2024.
  • Illumion raised $2.7M (Seed) on December 4, 2024.
  • FTC Solar raised $15M on December 4, 2024.

Who to call at Pacific Fusion, and when

A new round usually means Pacific Fusion is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Pacific Fusion raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Pacific Fusion, from your own LinkedIn network

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Company Information

Company

Pacific Fusion

Location

Fremont, California, United States

About

Pacific Fusion Corp. is a power company focused on developing a nuclear fusion-based energy source. The company has recently attracted significant funding, placing it among the leaders in a rapidly expanding industry. Their goal is to create a new form of energy that could revolutionize power generation, although no fusion power plants currently exist. They are part of a growing group globally working to commercialize fusion technology.

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Fundz sees it the moment Pacific Fusion raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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2 contacts
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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Pacific Fusion raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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