Helion closes $500m Series E
5 November 2021
Helion successfully completed its Series E funding round, securing $500 million led by Sam Altman and supported by existing investors like Dustin Moskovitz, Mithril Capital, and Capricorn Investment Group. The funds, totaling a potential $2.2 billion, will aid in completing the construction of their fusion generator, Polaris, with a goal of achieving net electricity production in 2024.
Lead investors: Sam Altman
Fusion approach: Magneto-Inertial, Magneto-inertial Fusion
Country/Region: USA
Tags: Capricorn Investment Group, Dustin Moskovitz, Helion Energy, Mithril Capital, Sam Altman

