MIT's fusion energy spinout Commonwealth Fusion Systems secured the return of The Engine and Eni for a $84m series A2 round that followed a $115m series A last year.
Commonwealth Fusion Systems (CFS), a US-based fusion energy technology spinout of Massachusetts Institute of Technology (MIT), has attracted $84m in a series A2 round featuring MIT-aligned tough tech incubator and venture fund The Engine.
The deal was led by Singaporean government-owned investment firm Temasek, with participation from oil producers Equinor and Eni, the latter through cleantech-focused investment unit Eni Next.
Devonshire Investors, a private equity arm of financial services group Fidelity, also took part, as did pension fund Hostplus,…
