On November 30, 2021, General Fusion announced that it closed an oversubscribed US$130 million Series E funding round led by a syndicate of global investors including Temasek, GIC, Business Development Bank (Canada) and Segra Capital. The recent financing will expand General Fusion’s portfolio of significant investors, preluding a large financing round being prepared for 2022.
The Series E round will support a number of initiatives in General Fusion’s program to commercialize Magnetized Target Fusion (MTF), shaping the clean fusion energy market.
We advised General Fusion with a team led by Shahrooz Nabavi and included Reina Mistry, Geoff Pedlow, Shanlee Von Vegesack and Brock Euper (Corporate Finance) and Mike Coburn (Tax).
Jurisdiction
- British Columbia
