General Fusion Closing Oversubscribed $130 Million Transitional Financing Round

General Fusion Closing Oversubscribed $130 Million Transitional Financing Round

11/30/21, 4:00 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgvancouver
Money raised
$130 million
General Fusion announced today it is closing an oversubscribed $130 million (USD) Series E funding round filled by a new syndicate of global investors. This financing, led by Temasek, significantly expands the company’s portfolio of institutional, sovereign, family office, and high net worth investors, providing the prelude to a large financing round being prepared for 2022. Combined with broad financial support from the Canadian, U.K., and U.S. governments, the General Fusion Series E round supports aggressive pursuit of several near-term initiatives and milestones in its program to commercialize Magnetized Target Fusion (MTF).

Company Info

Company
General Fusion
Location
vancouver, washington, united states
Additional Info
The company has also accelerated MTF technology development activities associated with its new Vancouver headquarters and opened a new facility adjacent to Oak Ridge National Laboratory in the U.S.