OSI has reinvested in the Oxford fusion energy spinout now set to expand its R&D capacity and headcount.
First Light Fusion, a UK-based inertial fusion energy technology spinout of University of Oxford, has raised $25m in a round led by university venture fund Oxford Sciences Innovation (OSI) and backed by IP Group and superannuation fund Hostplus.
Founded in 2011, First Light Fusion is exploring fusion energy, an experimental source of electricity created using heat from nuclear fusion reactions. The capital is intended to increase its headcount and R&D capacity.
First Light initially raised $1.6m in a…
