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 editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
