Tech Company Financing Transactions
Novatron Fusion Group Funding Round
Climentum Capital, EIT InnoEnergy and KTH Holding participated in a $5.4 million Seed venture round for Novatron Fusion Group. The round closed on 8/29/2023.
Transaction Overview
Company Name
Announced On
8/29/2023
Transaction Type
Venture Equity
Amount
$5,400,000
Round
Seed
Investors
Proceeds Purpose
The company intends to use the funds to accelerate the development of pre-commercial prototypes.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
Mission Road 12 Place 167 33 Brake
Stockholm, Undisclosed
ES
Stockholm, Undisclosed
ES
Phone
Undisclosed
Website
Email Address
Overview
Novatron Fusion Group AB is a Swedish company headquartered in Stockholm. Established in 2019, we are commissioning and developing the NOVATRON fusion reactor design -- an innovative solution for stable magnetic plasma confinement. The NOVATRON concept is based on the idea by Swedish inventor and entrepreneur Jan Jäderberg. Theoretically and numerically, it has been demonstrated to minimize problems with plasma instabilities that have obstructed the commercial advancement of fusion energy.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Peter Roos
Chief Technical Officer
Jan Jäderberg
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We report on every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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