General Fusion’s $130 Million Financing Round

Fasken Martineau DuMoulin LLP advised General Fusion on the round.

General Fusion closed an oversubscribed US$130 million Series E funding round led by a syndicate of global investors including Temasek, GIC, Business Development Bank (Canada) and Segra Capital. 

The recent financing will expand General Fusion’s portfolio of significant investors, preluding a large financing round being prepared for 2022. 

The Series E round will support a number of initiatives in General Fusion’s program to commercialize Magnetized Target Fusion (MTF), shaping the clean fusion energy market.

Established in 2002, General Fusion is pursuing the fastest and most practical path to commercial fusion energy and is based in Vancouver, Canada, with locations in London, U.K., and Oak Ridge, Tennessee, U.S.A.

The Fasken team was led by Shahrooz Nabavi (Picture) and included Reina Mistry, Geoff Pedlow, Shanlee Von Vegesack and Brock Euper (Corporate Finance) and Mike Coburn (Tax).  

Involved fees earner: Michael Coburn – Fasken Martineau; Brock Euper – Fasken Martineau; Reina Mistry – Fasken Martineau; Shahrooz Nabavi – Fasken Martineau; Geoff Pedlow – Fasken Martineau; Shanlee von Vegesack – Fasken Martineau;

Law Firms: Fasken Martineau;

Clients: General Fusion Inc.;

Sonia Carcano

Author: Sonia Carcano