Commonwealth Fusion Systems closes $1.8bn Series B
19 November 2021
Commonwealth Fusion Systems (CFS) has secured over $1.8bn in its Series B round, led by Tiger Global Management and backed by notable investors. The funds will support the development of SPARC, aiming to be the world's first net-energy fusion machine, and pave the way for the commercial fusion power plant, ARC. Investors are confident in fusion as a large-scale decarbonization solution.
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Lead investors: Tiger Global Management
Fusion approach: Magnetic Confinement, Tokamak
Country/Region: USA
Tags: Breakthrough Energy Ventures, Coatue, Commonwealth Fusion Systems, DFJ Growth, Emerson Collective, Eni, Equinor Ventures, Fine Structure Ventures, Footprint Coalition, Google, JIMCO, JIMCO Technology Fund, JS Capital, Safar Partners, Schooner Capital, Senator Investment Gropu, Soros Fund Management, Starlight Ventures, Temasek, The Engine, Tiger Global Management, TIME Ventures