First Light Fusion, an Oxford-based global leader in researching energy generation via inertial fusion, has raised $25 million from both existing and new investors. The funding round was led by Oxford Sciences Innovation (OSI) and includes IP Group plc and Hostplus.

First Light Fusion was founded by Professor Yiannis Ventikos, Head of the Mechanical Engineering Department at University College, London, and Dr Nicholas Hawker, formerly an Engineering lecturer at Lady Margaret Hall, Oxford.

First Light Fusion raises $25 million

First Light Fusion raises $25 million

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