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
Company Name
Announced On
5/27/2020
Transaction Type
Venture Equity
Amount
$84,000,000
Round
Series A
Investors
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
Cambridge, MA 02139
USA
Phone
Website
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
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Robert Mumgaard
Chief Technical Officer
Daniel Brunner
Co-Founder
Martin Greenwald
VP - Engineering
Patrick Schweiger
VP - Manufacturing
Joy Dunn
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