Investors: US Innovative Technology Fund, General Innovation Capital Partners, Linse Capital, Calm Ventures, Climate Capital, Divergent Capital, Emerald Technology Ventures, Gaingels, Idemitsu Kosan, Overlay Capital, Timescale Ventures, Whatif Ventures, Alumni Ventures, Hitachi Ventures, Lowercarbon Capital, Mercator Partners, Orion Industrial Ventures, Prelude Ventures, Starlight Ventures
Thea Energy, a stellarator fusion technology company, raised $100 million to expand magnet manufacturing and fast-track construction of its Eos demonstration device.
Investors: US Innovative Technology Fund (USIT), General Innovation Capital Partners (GICP), Linse Capital, Calm Ventures, Climate Capital, Divergent Capital, Emerald Technology Ventures, Gaingels, Idemitsu Kosan, Overlay Capital, Timescale Ventures, Whatif Ventures, Alumni Ventures, Hitachi Ventures, Lowercarbon Capital, Mercator Partners, Orion Industrial Ventures, Prelude Ventures, Starlight Ventures
<cite index="53-1">Thea Energy, a technology company advancing the stellarator for the commercialization of an abundant source of baseload fusion power, raised $100 million in Series B funding</cite> to <cite index="51-2">expand the company's magnet manufacturing capacity, fast-track the construction of its integrated fusion system, and ultimately accelerate progress toward commercial deployment</cite>.