2025 set a new record for equity funding to fusion companies. Below is a plot of these equity investments broken down by the country of origin of the fusion company through the end of 2025.
One note, the recent merger between Trump Media and Technology Group and TAE Technologies included up to $200 million in cash at signing, with an additional $100 million available upon filing Form S-4. We exclude these amounts from the plot because they were provided as part of a pending merger rather than an equity investment. The funding is, however, reflected as deal-related financing on our TAE Technologies detail page, where TAE is now listed as a subsidiary of Trump Media and Technology Group.
