# Open Star Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/open-star-technologies

- Industry: Renewable Energy
- Headquarters: Wellington, New Zealand
- Website: www.openstar.tech
- Total disclosed funding: $10M
- Latest round: Seed (Aug 7, 2024)
- Investors on record: 7

## About

Based in Wellington, New Zealand, and founded in 2021, Open Star Technologies Limited operator of a plasma energy firm intended to generate safe, clean, carbon-free, baseload electricity. The company was founded by Ratu Mataira, who is leading the firm as CEO, as of 2024. In August 2024, the firm raised USD 10 million in Seed funding led by investor Outset Ventures, with participation from other investors Icehouse Ventures, Blackbird, Radar, Ngai Tahu Holdings, K1W1, and Aspire Invest.

The company's product line includes several classes of fusion reactors. The Marsden Class device is designed to demonstrate the feasibility of using HTS for plasma confinement. Following this, the Rutherford Class will conduct key experiments to verify fusion reactions and address remaining physical challenges. The Hasegawa Class reactors will aim to produce power-positive fusion, contributing to the grid and marking a significant milestone in energy technology.

The company plans to use the August 2024 funding for new product innovation and development.

## Funding rounds

- Seed, Aug 7, 2024, $10M — Ngai Tahu Holdings, K1W1, Blackbird, Icehouse Ventures, Radar, Aspire Invest, Outset Ventures

## Investors

- Ngai Tahu Holdings — Seed
- K1W1 — Seed
- Blackbird (https://capitalatlas.ai/funds/blackbird) — Seed
- Icehouse Ventures (https://capitalatlas.ai/funds/icehouse-ventures) — Seed
- Radar — Seed
- Aspire Invest — Seed
- Outset Ventures (https://capitalatlas.ai/funds/outset-ventures) — Seed