Tech Company Financing Transactions
Realta Fusion Funding Round
Realta Fusion, based in Madison, secured $12 million from Khosla Ventures, U.S. Department of Energy SunShot Initiative and WARF.
Transaction Overview
Company Name
Announced On
6/1/2023
Transaction Type
Venture Equity
Amount
$12,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The startup intends to use the funds to build out its team and complete the physics design for its device, BEAM.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
901 South Whitney Way
Madison, WI 53711
USA
Madison, WI 53711
USA
Phone
Undisclosed
Website
Email Address
Overview
Realta Fusion is an early-stage spin-out from the University of Wisconsin-Madison developing the lowest capital and least complex path to commercially competitive fusion energy. We are applying advances in super-conducting materials, plasma physics, and computing power to a simple linear fusion reactor configuration. These advances allow for a much lower capex power plant, utilizing abundant fuel sources to provide a new, zero-carbon source of heat and power.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Kieran Furlong
Chief Scientific Officer
Cary Forest
Co-Founder
Ben Lindley
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