General Fusion

Richmond, Canada · Founded 2002 · Privately Held (backing)

Developer of an alternative power generation system designed to transform energy supply with clean, safe, and abundant fusion energy. General Fusion is based in Richmond, Canada and was founded in 2002. It was valued at $395 million at its later-stage round in Dec 2025, the last priced event on record. It has raised $612 million across 5 recorded rounds; the latest was a $38.2 million early-stage round in Nov 2025.

PMV mark · valuation
$395.0M
Oct 2026
Priced at
its later-stage round
Dec 2025
Total raised
$612.0M
Last round
Early Stage VC
Nov 2025
How much has General Fusion raised?
$612.0Macross 5 recorded rounds · Dec 2012 – Nov 2025

Most recently, General Fusion raised $38.2M in its Early Stage VC (Nov 2025).

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General Fusion round by round

5 rounds
Nov 2025Early Stage VC$38.2MSEC filing▮
70 investors participated
Jul 2020Seed Round$500KSEC filing▮
1 investors participated
May 2015Seed Round$2.1MSEC filing▮
4 investors participated
Feb 2014Seed Round$2.1MSEC filing▮
2 investors participated
Dec 2012Seed Round$1.6MSEC filing▮
2 investors participated

How much has General Fusion raised?

General Fusion has raised $612 million in total; 5 of its rounds are on record, from 2012 on. The largest on record was a $500,000 seed round in Jul 2020; the most recent was a $38.2 million early-stage round in Nov 2025.

General Fusion has filed 10 Form Ds with the SEC since 2009, most recently in Feb 2026 ($350,000 sold to 1 investor).

General Fusion investors

51 investors are on record for General Fusion, including Climate Capital, Gaingels, Calm Ventures and BDC Capital. By type, the record holds 7 venture capital firms and 4 family offices. The early-stage round in Nov 2025 drew 70 investors.

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Frequently asked about General Fusion

How much has General Fusion raised?
General Fusion has raised $612.0M in total across 5 recorded funding rounds.
When was General Fusion's last funding round?
General Fusion's most recent recorded round was Early Stage VC in Nov 2025, raising $38.2M.