A consortium of investors completed a $22m investment in General Fusion.

A consortium of investors including Segra Capital, Pender Growth Fund, Chrysalix Venture Capital, MILFAM, JIMCO, Gaingels, Thistledown Capital, Presight Capital, and Hatch completed a $22m investment in General Fusion, a Canadian company developing a Magnetized Target Fusion (MTF) technology to produce commercial, carbon-free fusion energy. “We’re driving forward to achieve transformational technical results with LM26. This new funding from a strong mix of existing and new shareholders is a group that deeply supports our mission to transform the world with practical MTF. This financing is not only a vote of confidence in our technology but our extraordinary team, who designed, built, and began operating our world-first machine in less than two years, which speaks to the depth of their experience and dedication to our mission,” Greg Twinney, General Fusion CEO.