General Fusion

Funding Information

Date	Amount	Type	Funders	Description
January 14, 2021		Investment Round	Thistledown Capital
September 03, 2020		In Kind Grant	DOE OFES (US Department of Energy Office of Fusion Energy Sciences)	INFUSE
December 16, 2019	$65,000,000	Investment Round	Temasek Business Development Bank of Canada DLF Group I2BF Global Ventures Disruptive Technology Advisers Hatch Bezos Expeditions Crysalix Ventures Khazanah National Braemar Energy Ventures Entrepreneurs Fund SET Ventures Hatch Ltd. GIC	Series E
October 26, 2018	$37,500,000	Investment Round	Government of Canada Strategic Innovation Fund	Federal investment
March 14, 2016	$8,700,000	Grant	SDTC (Sustainable Technology Development Canada)	Grant
August 11, 2015	$2,096,794	Investment Round	Entrepreneurs Fund
May 19, 2015	$19,400,000	Investment Round	Khazanah National GrowthWorks	Series D
May 19, 2015	$1,796,794	Investment Round	Entrepreneurs Fund
February 26, 2014	$2,081,772	Investment Round	Entrepreneurs Fund Braemar Energy Ventures
December 21, 2012	$1,570,740	Investment Round	Braemar Energy Ventures Entrepreneurs Fund PenderFund Capital Management
May 05, 2011	$1,641,139	Investment Round	PenderFund Capital Management Entrepreneurs Fund Braemar Energy Ventures
May 04, 2011	$19,500,000	Investment Round	Bezos Expeditions Cenovus Energy	Series B
June 01, 2010	$1,000,000	Investment Round	Entrepreneurs Fund Braemar Energy Ventures
July 24, 2009	$9,000,000	Investment Round	Entrepreneurs Fund Braemar Energy Ventures PenderFund Capital Management
Total:	$169,287,239

Description

General Fusion was founded by Dr. Michael Laberge in 2002 in Burbank, Canada.

They are developing a MTF (magnetized target fusion) power plant based around the concept of a spherical liquid metal piston compression approach.

They've raised money from venture capital firms, sovereign wealth funds and government grants.

General Fusion's strategy is to develop the individual components of a MTF power plant before putting them together into an integrated system. Their work includes plasma injector experiments to study the planned target plasma, liquid piston experiments to study the dynamics of liquid metal, and plasma compression tests utilizing single shot implosions experiments.