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

Who backs General Fusion?

51 investors
InvestorType
Climate CapitalVenture capital
GaingelsVenture capital
Calm VenturesVenture capital
BDC CapitalGrowth equity
GIC PrivateOther
I2BF Global VenturesVenture capital
Government of CanadaOther
Business Development Bank of CanadaOther
Helium-3 Ventures—
Norrsken VCOther
+ 41 more investors · a free account shows the complete list
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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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