General Fusion
Latest round
- Series F
Last raised
- Aug 2023
Total raised
- $240M
Investors
- 22
About General Fusion
Based in Canada, General Fusion Inc.General Fusion Inc. specializes in developing Magnetized Target Fusion technology for energy generation. Founded in 2002 in Richmond, Canada, the company was established by Michel Laberge.General Fusion's core offering revolves around the development and commercialization of Magnetized Target Fusion (MTF) technology, which aims to produce clean, zero-carbon energy. The flagship product is the Lawson Machine 26 (LM26), designed to achieve fusion conditions exceeding 100 million degrees Celsius by 2025, with a goal of reaching scientific breakeven by 2026. General Fusion primarily serves utility companies and energy providers seeking sustainable energy solutions, with a client base focused on regions that prioritize clean energy adoption, including North America, Europe, and parts of Asia.General Fusion's revenue model is centered on partnerships and collaborations with utility companies and government entities interested in adopting MTF technology for energy production. The company engages in long-term contractual agreements and strategic partnerships to facilitate technology deployment, typically involving joint ventures or licensing agreements. The business model involves charging clients for technology access, ongoing support, and integration services associated with the LM26 and other fusion systems, generating revenue from both initial deployment and subsequent operational support. The company plans to launch the Lawson Machine 26 by 2025, aiming to reach scientific breakeven by 2026. Additionally, General Fusion is targeting expansion into new markets in North America, Europe, and parts of Asia, capitalizing on the increasing demand for clean energy. In August 2025, General Fusion Inc.
Who invested in General Fusion
22 investors across 7 rounds
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Funding rounds
Series F
Aug 9, 2023
Amount
Undisclosed
Investors
Series E
Nov 30, 2021
Amount
$130M
Investors
Series E
Dec 16, 2019
Amount
$65M
Investors
Series C
Jul 31, 2013
Amount
$10M
Investors
Series B
May 5, 2011
Amount
$20M
Investors
Series A
Aug 4, 2009
Amount
$14M
Investors
Seed
Sep 5, 2007
Amount
$1.2M
Investors
Questions about General Fusion
Who invested in General Fusion?
General Fusion has 22 investors on record across 7 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has General Fusion raised?
General Fusion has raised 7 venture rounds. Sign up free to see how much each round raised and the total.
When did General Fusion last raise money?
General Fusion's most recent round on record is a Series F, in Aug 2023.
What does General Fusion do?
Based in Canada, General Fusion Inc.
Where is General Fusion headquartered?
General Fusion is headquartered in Richmond, Canada.
Which VCs invest in companies like General Fusion?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back power & utilities companies at General Fusion's stage. Their profiles are linked below.
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