OpenStar Technologies raises NZ$10m in Seed round
1 August 2023
OpenStar Technologies has successfully closed its Seed Round, raising NZ$10 million (US$6.2m) from mainly New Zealand investors. Outset Ventures and other key players led the funding round. The company plans to utilize the raised funds over 18 months to develop and deploy its prototype 'levitated dipole' fusion reactor.
Lead investors: Outset Ventures
Fusion approach: Levitated Dipole, Magnetic Confinement
Country/Region: New Zealand
Tags: Blackbird, Icehouse Ventures, K1W1, OpenStar Technologies, Outset Ventures, Radar

