Eni, GV and Equinor Ventures were among the investors in a round billed as the largest so far for a nuclear fusion technology developer.

US-based fusion energy technology developer Commonwealth Fusion Systems (CFS) raised more than $1.8bn today in a its series B round featuring internet technology conglomerate Alphabet and petroleum suppliers Eni and Equinor.

Tiger Global Management led the round, which attracted family office Jimco’s Technology Fund, The Engine, Coatue Management, DFJ Growth, Emerson Collective, Footprint Coalition, JS Capital, Time Ventures, Future Ventures, Senator Investment Group and Breakthrough Energy Ventures.

Fine Structure Ventures, Khosla Ventures, Lowercarbon, Moore Strategic Ventures, Safar Partners, Schooner Capital,…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?
Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
Email LinkedIn