# Novatron Fusion Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/novatron-fusion-group

- Industry: Power & Utilities
- Headquarters: Stockholm, Sweden
- Website: www.novatronfusion.com
- Total disclosed funding: $19M
- Latest round: Series A (Mar 19, 2025)
- Investors on record: 11

## About

Based in Sweden, and founded in 2019, Novatron Fusion Group AB operates as a fusion energy research and development firm. In March 2025, Novatron Fusion Group AB raised EUR 10 million in series A funding led by new investor St1 Lähienergia, with participation from other new investors TomEnterprise, Unit E Investments Ltd. and Axon Partners Group. Returning investors Climentum Capital, Santander Asset Management , Granitor Invest AB and Industrifonden also participated in the round. As of 2022, the company’s CEO is Peter Roos. Novatron Fusion offers Novatron™ fusion reactor, which is a power generation equipment that generates fusion power. Fusion power is a power generation process that generates electricity by using heat from nuclear fusion reactions. The components of the reactor include tokamaks and stellarators. The company develops a fusion power plant that produces clean energy while reducing greenhouse gas emissions and carbon emissions. The company will use the March 2025 funding to expand operations and its development efforts.

## Funding rounds

- Series A, Mar 19, 2025, $11M — Axon Partners Group, Industrifonden, Santander Asset Management, Granitor Invest AB, InnoEnergy, St1 Lähienergia, Climentum Capital, TomEnterprise AB, Unit E Investments Ltd.
- Seed, Jul 1, 2023, $5.5M — Industrifonden, KTH Holding, InnoEnergy, Climentum Capital, Santander Alternative Investments
- Seed, Dec 4, 2022, $3.2M — KTH Holding, InnoEnergy

## Investors

- KTH Holding (https://capitalatlas.ai/funds/kth-holding) — Seed
- InnoEnergy (https://capitalatlas.ai/funds/innoenergy) — Seed, Series A
- Industrifonden (https://capitalatlas.ai/funds/industrifonden) — Seed, Series A
- Climentum Capital (https://capitalatlas.ai/funds/climentum-capital) — Seed, Series A
- Santander Alternative Investments (https://capitalatlas.ai/funds/santander-alternative-investments) — Seed
- Axon Partners Group (https://capitalatlas.ai/funds/axon-partners-group) — Series A
- Santander Asset Management — Series A
- Granitor Invest AB — Series A
- St1 Lähienergia — Series A
- TomEnterprise AB — Series A
- Unit E Investments Ltd. — Series A