{"id":2533,"date":"2024-07-23T10:00:00","date_gmt":"2024-07-23T01:00:00","guid":{"rendered":"http:\/\/kyotofusioneering.com\/kfwp\/?post_type=news&p=2533"},"modified":"2026-04-13T23:05:59","modified_gmt":"2026-04-13T14:05:59","slug":"kyoto-fusioneering-closes-2nd-round-of-1-1-billion-yen-series-c-extension-led-by-in-q-tel-iqt-marubeni-and-nichicon","status":"publish","type":"news","link":"https:\/\/kyotofusioneering.com\/en\/news\/2024\/07\/23\/2533","title":{"rendered":"Kyoto Fusioneering Closes 2nd Round of 1.1 Billion Yen Series C Extension Led by In-Q-Tel (IQT), Marubeni and Nichicon"},"content":{"rendered":"\n

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Kyoto Fusioneering (KF), an engineering firm focused on the development of advanced technologies for commercial fusion plants, has secured a total of 1.07 billion yen from four new investors in a 2nd close on its Series C extension round. This brings the cumulative total raised in Series C to 13.1 billion yen, with 14.8 billion yen raised since the company\u2019s inception in 2019.<\/p>\n\n\n\n

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Additional funding to drive innovation and development of our technology<\/strong><\/h3>\n\n\n\n

Recent accomplishments by KF underscore our commitment to leading the fusion engineering and integration field. Earlier this year, we announced our joint venture, Fusion Fuel Cycle, Inc, in partnership with Canadian Nuclear Laboratories (CNL)<\/a>, to develop “UNITY-2,” a state-of-the-art fusion fuel cycle test facility. Through our new European subsidiary, led by industry expert Dr. Christian Day and his team from Karlsruhe Institute of Technology (KIT)<\/a>, we are solidifying UNITY-2’s position as a premier open platform. Progress with UNITY-1, our fusion power generation test facility in Japan, has included installation of the first large-scale equipment, commissioning and commencement of demonstration tests using liquid metal for high-temperature heat transportation. Through collaborations between industry and academia on our gyrotron system, we are verifing high frequency and multi-frequency oscillations.<\/p>\n\n\n\n

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Kyoto Fusioneering \u2013 Japan\u2019s leading private fusion company and a global solution provider<\/strong><\/h3>\n\n\n\n

On a global level, the communiqu\u00e9<\/a> from the recent G7 summit in Italy included the establishment of a G7 working group on fusion energy and a commitment to work together towards a consistent regulatory strategy. In addition, the UK launched a call for industrial partners<\/a> to build a prototype device for the government-led STEP fusion energy reactor development programme. In May, a workshop organised by ITER<\/a>, an international fusion consortium comprising 35 nations, called for participation from a wide range of industries. These developments clearly demonstrate a concerted move towards advancements in fusion through public-private cooperation, including collaborations between public institutions and private companies.

Amidst these changes, KF is actively strengthening both its technological prowess and its leading presence in Japan\u2019s fusion sector. As chair of the Japan Fusion Energy Council (J-Fusion)<\/a>, KF plays an important role in bringing together stakeholders from industry, government, and academia nationwide. The council will strengthen Japan\u2019s presence in the fusion sector in support of fusion energy efforts and stronger international ties, as highlighted in a recent Joint Statement on the Strategic Partnership between Japan’s Ministry of Education, Culture, Sports, Science and Technology (MEXT) and the US Department of Energy (DOE<\/a>). In addition, the Japanese Cabinet approved the Fusion Energy Policy and Growth Strategy in June this year, which strengthens public and private sector development capacity, promotes international cooperation and calls for a power generation demonstration in the 2030s.

KF is committed to serving as a leading solution provider for fusion engineering challenges globally and as a gateway to Japan’s fusion-related technologies.<\/p>\n\n\n\n

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[Summary of 2nd close on Series C (Extension) Funding]<\/strong>
2nd close on Series C (Extension) Funding:<\/strong>
1.07 billion yen (Series C Funding 13.1 billion yen \/ Cumulative total: 14.8 billion yen)<\/p>\n\n\n\n

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New Equity Subscribers include (in alphabetical order):<\/strong><\/p>\n\n\n\n