Thea Energy raises $20M Series A for pixel-inspired fusion power plants

Feb 08, 2024•over 1 year ago

Amount Raised

$20 Million

PrincetonEnergyRenewable Energy

Investors

Starlight VenturesOrion Industrial VenturesMercator PartnersLowercarbon CapitalHitachi VenturesAnglo American11.2 CapitalPrelude Ventures

Description

Thea Energy has raised a $20 million Series A round led by Prelude Ventures with participation from 11.2 Capital, Anglo American, Hitachi Ventures, Lowercarbon Capital, Mercator Partners, Orion Industrial Ventures, and Starlight Ventures for their pixel-inspired fusion power plants.

Company Information

Company

Thea Energy

Location

Princeton, New Jersey, United States

About

Thea Energy Inc. is a fusion energy company focused on leveraging recent breakthroughs in stellarator physics and engineering to create a faster, simpler approach to commercializing fusion energy. They are reinventing the stellarator using computer-controlled arrays of planar coils, thus eliminating the intricate, complex modular magnets required in all other proposed stellarator architectures.

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Thea Energy raises $20M Series A for pixel-inspired fusion power plants

Investors

Description

.css-1v6jzuu{--tw-text-opacity:1;color:rgba(75, 85, 99, var(--tw-text-opacity));}Company Information

Funding Insights

Related People

Company Information