General Fusion raises $27 mln, signs on Malaysian strategic investor
General Fusion Inc has netted an additional $27 million in venture capital funding. The round was led by Khazanah Nasional Berhad, the Malaysian government's strategic investment fund, and was joined by the company's existing investors. They include: BDC Capital, Bezos Expeditions, Braemar Energy Ventures, Cenovus Energy, Chrysalix Energy Venture Capital, Entrepreneurs Fund, GrowthWorks, SET Ventures and Sustainable Development Technology Canada. The Vancouver-based General Fusion said the deal's proceeds will be used to further develop its commercial fusion energy technology. It also said the round will see a second close later this year. General Fusion was founded in 2002 by Dr. Michel Laberge.
19 May 2015•3 mins read
