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Kyoto Fusioneering Raises Us$18.6M In Oversubscribed Series B Funding Round And Debt Financing

Feb 02, 2022•over 3 years ago

Amount Raised

$18.6 Million

Round Type

series b

Kyoto

Description

Kyoto Fusioneering, the first fusion energy startup in Asia and Japan, has raised 1.33 billion yen (US$ 11.7 million) in its latest round of funding. The oversubscribed series B funding round was supported by existing investors, Coral Capital Co., and underwritten by five new investors from some of Japan's top VC firms (in alphabetical order): Daiwa Corporate Investment, DBJ Capital, JAFCO Group, JGC MIRAI Innovation Fund and JIC Venture Growth Investments. This capital increase brings the total amount of funds raised by Kyoto Fusioneering Ltd. to 1.67 billion yen (US$ 14.7 million).

Company Information

Company

Kyoto Fusioneering

Location

Kyoto, Kyoto Prefecture, Japan

About

The company can also accelerate its global expansion to recruit talented engineers and business professionals globally, including at its subsidiary in the UK, whilst at the same time furthering its reach by leveraging existing industrial capabilities unique to Japan. While many startups talk about how they want to change the world, this company is actually doing it. KF is a unique fusion start-up and we expect the company to play an important role in making fusion power a reality. Supporting both public and private fusion developers around the world, the company will accelerate the realization of fusion as the ultimate energy source for humankind. Kyoto Fusioneering is a privately held technology start-up founded in 2019, with its headquarters in Kyoto, Japan.

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