A consortium of investors led a $45m Series C round in First Light Fusion.

A consortium of investors including OSI, Hostplus, IP Group, Braavos Capital and Tencent, led a $45m Series C round in First Light Fusion, an energy company that focuses on researching energy generation by inertial confinement fusion. "I would like to thank our existing investors for their continued support and welcome our new investors to First Light. With their backing we are excited about the outlook for this year and have a series of ambitious targets. These include delivering a maiden fusion result, accelerating towards our next 'gain' experiment, while also increasing our work on the development of a full scale fusion power plant, with more detailed design and engineering work planned. We remain very confident in our technology, our people and the potential of our unique approach. We continue to believe our inertial confinement approach offers the fastest and above all, most cost competitive route to grid ready fusion energy," Nick Hawker, First Light Fusion CEO.