{"id":2256,"date":"2024-04-11T10:00:00","date_gmt":"2024-04-11T01:00:00","guid":{"rendered":"http:\/\/kyotofusioneering.com\/kfwp\/?post_type=news&p=2256"},"modified":"2026-04-13T23:06:25","modified_gmt":"2026-04-13T14:06:25","slug":"kyoto-fusioneering-raises-1-5-billion-yen-in-series-c-extension-round","status":"publish","type":"news","link":"https:\/\/kyotofusioneering.com\/en\/news\/2024\/04\/11\/2256","title":{"rendered":"Kyoto Fusioneering Raises 1.5 Billion Yen in Series C Extension Round"},"content":{"rendered":"\n

The investment will accelerate landmark R&D initiatives for the world\u2019s first integrated testing facilities<\/em><\/strong><\/strong><\/p>\n\n\n\n

Kyoto Fusioneering (KF) has raised a total of 1.5 billion yen (US\uff04 9.9M) from three new investors in a Series C extension round. This brings the cumulative total raised in Series C to 12.0 billion (US\uff04 79.2M) yen and the overall total funds to 13.7 billion yen (US\uff04 90.4M).<\/p>\n\n\n\n

*Calculated from the TTM of the Bank of Tokyo-Mitsubishi UFJ on 28 March 2024 (1$ = 151.52 yen).<\/em><\/p>\n\n\n\n

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The funds will accelerate KF\u2019s research and development efforts including the UNITY-1 and UNITY-2 projects – the world\u2019s first test facilities for integrated fusion power plant systems. It will also drive ongoing efforts to bring its expertise in critical plant technologies and engineering to the forefront of the global fusion energy ecosystem.

Since raising 10.5 billion yen in its Series C round in May 2023, KF has landed a contract from General Atomics (San Diego, CA) to supply its best-in-class gyrotron plasma heating system to boost U.S. Department of Energy\u2019s DIII-D national fusion facility operations. Collaborations have also been fortified with public research institutions like the UK Atomic Energy Authority (UKAEA) and Canadian Nuclear Laboratories (CNL), as well as leading academic institutions including Germany\u2019s Karlsruhe Institute of Technology (KIT), US\u2019s Oak Ridge National Laboratory (ORNL), US\u2019s Savannah River National Laboratory (SRNL) and Japan\u2019s University of Tsukuba.

The landmark UNITY-1 in Japan and UNITY-2 with CNL represent the vanguard of KF\u2019s R&D acceleration. As world-first integrated testing facilities, they enable the maturation of the Thermal Cycle System and the Fuel Cycle Systems – which are critical path technologies for commercial fusion reactors. KF will continue to dedicate its R&D efforts to addressing the challenges faced by fusion players today.<\/p>\n\n\n\n

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[Summary of Series C (Extension) Funding]<\/strong><\/p>\n\n\n\n

Series C (Extension) Funding:<\/strong>
1.5 billion yen (Series C Funding 12.0 billion yen \/ Cumulative total: 13.7 billion yen)

New Equity Subscribers (in alphabetical order starting at lead investor):<\/strong><\/p>\n\n\n\n