Tech Company Financing Transactions

Commonwealth Fusion Systems Funding Round

Temasek Holdings, Breakthrough Energy Ventures and Devonshire Investors participated in a $84 million Series A capital raise for Commonwealth Fusion Systems. This VC investment round closed on 5/27/2020.

Transaction Overview

Announced On
5/27/2020
Transaction Type
Venture Equity
Amount
$84,000,000
Round
Series A
Investors

Temasek Holdings (Lead Investor)

Breakthrough Energy Ventures

Devonshire Investors

Eni

Equinor

Future Ventures (Steve Jurvetson)

Hostplus

Khosla Ventures (Vinod Khosla)

Moore Strategic Ventures

Safar & Partners

Schooner Capital

Starlight Ventures

The Engine

Proceeds Purpose
The company intends to use the funds to continue to grow its capabilities to offer fusion power plants, fusion engineering services, and HTS magnets.

Company Information

Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
501 Massachusetts Ave.
Cambridge, MA 02139
USA
Email Address
Overview
Commonwealth Fusion Systems (CFS) is on track to bring fusion energy technology to market. CFS was spun out of MIT and is collaborating with MIT's Plasma Science and Fusion Center to leverage decades of research combined with the innovation and speed of the private sector.
Profile
Commonwealth Fusion Systems LinkedIn Company Profile
Social Media
Commonwealth Fusion Systems Company Twitter Account
Company News
Commonwealth Fusion Systems News
Facebook
Commonwealth Fusion Systems on Facebook
YouTube
Commonwealth Fusion Systems on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Robert Mumgaard
  Robert Mumgaard LinkedIn Profile  Robert Mumgaard Twitter Account  Robert Mumgaard News  Robert Mumgaard on Facebook
Chief Technical Officer
Daniel Brunner
  Daniel Brunner LinkedIn Profile  Daniel Brunner Twitter Account  Daniel Brunner News  Daniel Brunner on Facebook
Co-Founder
Martin Greenwald
  Martin Greenwald LinkedIn Profile  Martin Greenwald Twitter Account  Martin Greenwald News  Martin Greenwald on Facebook
VP - Engineering
Patrick Schweiger
  Patrick Schweiger LinkedIn Profile  Patrick Schweiger Twitter Account  Patrick Schweiger News  Patrick Schweiger on Facebook
VP - Manufacturing
Joy Dunn
  Joy Dunn LinkedIn Profile  Joy Dunn Twitter Account  Joy Dunn News  Joy Dunn on Facebook


 

 

Browse more venture capital transactions:

Prev: 5/27/2020: Monte Rosa Therapeutics venture capital transaction
Next: 5/27/2020: insitro venture capital transaction

 

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We do our best to record funding rounds that are announced publicly. All VC database entries reported here are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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