Just over a year after securing an initial $50m tranche backed by Eni, MIT’s Commonwealth Fusion Systems has closed its series A round with $115m in capital.
Commonwealth Fusion Systems (CFS), a US-based fusion power technology spinout of Massachusetts Institute of Technology (MIT), yesterday closed a $115m series A round backed by MIT’s The Engine.
The company secured an initial $50m tranche in May 2018, provided in its entirety by energy supplier Eni according to a press release, though Maria Zuber, vice-president for research at MIT, said at the time that other investors had also participated.
The Engine, Eni, Breakthrough Energy Ventures and several…
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
