Helion, an Everett, WA-based fusion energy company, raised $425M in Series F funding, at $5.425 Billion valuation.
The round saw participation from new investors, including Lightspeed Venture Partners, SoftBank Vision Fund 2, and a major university endowment, and existing investors including Sam Altman, Mithril Capital, Capricorn Investment Group, Dustin Moskovitz through Good Ventures Foundation, and Nucor.
The company intends to sue the funds to expand operations and its development efforts.
Led by CEO David Kirtley, Helion is a fusion energy company focused on generating zero-carbon electricity from fusion. In 2023, the company announced a power purchase agreement (PPA) with Microsoft to deliver electricity from a 50 MW fusion plant starting in 2028 and a customer agreement with Nucor to develop a 500 MW power plant in the 2030s.
FinSMEs
28/01/2025