Announcing Helion’s $425 million Series F
We’re using this funding to accelerate our path to commercialized fusion power.
Today we’re sharing news of our oversubscribed and upsized $425 million fundraise!
I am very excited for what this funding will enable for us. We will be radically scaling up our manufacturing in the U.S. – enabling us to build capacitors, magnets, and semiconductors much faster than we have been able to before. This accelerates the construction of the world’s first fusion power plant and then all our plants to come.
We brought on several new investors this round, including Lightspeed, SoftBank Vision Fund 2, and a major university endowment, who completed extensive due diligence in our science, engineering, and business. Their decision to invest in Helion reflects how much we have built, how fast we have done it, and their belief in Helion’s approach to getting fusion to the grid as quickly as possible. The round also had participation from existing investors, including Sam Altman, Mithril Capital, Capricorn Investment Group, Dustin Moskovitz through Good Ventures Foundation, and Nucor.
To have such a prestigious group behind our mission to bring fusion power to the world is very special. We are thankful for their commitment and belief in what the world could be with abundant, clean energy everywhere.
There’s still a lot of work to do, and our team is excited to keep pushing to do what no one has done before. If you’re excited by solving hard problems and big missions, we’re hiring!