Fundz

Fusion Startup Type One Energy Gets $29M Seed Round To Fast-Track Its Reactor Designs

PRIVATEMar 28, 2023

Amount Raised

$29 Million

Round Type

Seed

KnoxvilleEnergyRenewable EnergyBiomass Energy

Description

One fusion startup is betting that a 70-year-old idea can help it leapfrog the competition, so much so that it’s planning to skip the experimental phase and hook its prototype reactor up to the grid.

Quick answer

Type One Energy raised $29 Million in a Seed round, dated March 28, 2023. Type One Energy is based in Knoxville, Tennessee, United States.

How much did Type One Energy raise?
Type One Energy raised $29 Million in a Seed round on March 28, 2023.
What does Type One Energy do?
Type One Energy Group is mission-driven to provide sustainable, affordable fusion power to the world.
Where is Type One Energy based and how big is it?
Type One Energy is based in Knoxville, Tennessee, United States. Fundz records about 237 employees.
Who are the decision-makers at Type One Energy?
Fundz holds 1 contact at Type One Energy. 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 Type One Energy that raised within 45 days of this round, from Fundz verified event records.

  • Reverion raised $9.4M (Funding Round) on April 25, 2023.
  • Modern Hydrogen raised $33M on March 14, 2023.
  • ViridiCO2 raised $3.9M (Seed) on March 7, 2023.
  • Bioreactor raised an undisclosed amount (Pre-Seed) on March 5, 2023.
  • Twenty20 Energy raised an undisclosed amount (Private Equity) on March 3, 2023.
  • Black Hills Corporation raised $350M (Debt Financing) on March 2, 2023.

Who to call at Type One Energy, and when

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

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

Works inside ChatGPT and Claude. Ask who to call at Type One Energy. With Fundz connected, it knows.

Watch Fundz in
See plan options
Trusted byOracleSnowflakeCloudflareLinkedInGoogleSalesforce 4.8/5 on G2

Company Information

Company

Type One Energy

Location

Knoxville, Tennessee, United States

About

Type One Energy Group is mission-driven to provide sustainable, affordable fusion power to the world. The company was formed in 2019 by a team of globally-recognized fusion scientists with a strong track record of building state-of-art stellarator fusion machines, together with veteran business leaders experienced in successfully scaling companies and commercializing energy technologies. Type One Energy applies proven advanced manufacturing methods, modern computational physics and high-field superconducting magnets to develop its optimized stellarator fusion energy system. Its FusionDirect development program pursues the lowest-risk, shortest-schedule path to a fusion power plant over the coming decade, using a partner-intensive and capital-efficient strategy.

AI made execution free. Knowing first is the whole game now.

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

Related People

1 contact
Predictive Intelligence
Strategic

ML-powered predictions for Type One Energy's next move

See what Strategic adds

Type One Energy 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.

5 screens from a live account. No signup.

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.