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Focused Energy Raises $15 Million In Seed Round To Pursue Commercial Fusion Energy Production

Sep 23, 2021•almost 4 years ago

Amount Raised

$15 Million

Round Type

seed

Darmstadt

Description

Focused Energy, a laser fusion startup dedicated to developing fusion as a means of generating clean alternative energy, has announced the successful completion of $15 million in seed funding. The funding was led by Prime Movers Lab with additional investment from Major League Baseball legend and entrepreneur Alex Rodriguez, serial entrepreneur Marc Lore, and investor Tony Florence.

Company Information

Company

Focused Energy

Location

Darmstadt, Hesse, Germany

About

Focused Energy is a startup dedicated to developing fusion as a means of generating clean alternative energy for the growing needs of society. The company is supported by the TU Darmstadt and was founded in July 2021 after years of extensive research. The founding and management team includes entrepreneur and company builder Thomas Forner (CEO Focused Energy), former ThyssenKrupp top management engineer Dr. Anika Stein (COO Focused Energy) as well as the two laser and fusion experts Prof. Dr. Markus Roth (TU Darmstadt, CSO Focused Energy) and Prof. Dr. Todd Ditmire (UT Austin/Texas, CTO Focused Energy), both members of the American Physical Society and DOE defense physics award winner of 2013 and former Scientists of Lawrence Livermore National Laboratory (LLNL). Further information can be found at www.focused-energy.world Company contact: [email protected] press contact:M3E GmbH Metzer Straße 14 10405 Berlin, GERMANY Sascha Brandenburg[email protected] 0049 30 403 672 121 SOURCE Focused Energy

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