StoryFunding
Marvel Fusion extends its Series B by €50 million to €113 million, with EQT, Siemens Energy and the EIC Fund
Marvel Fusion added €50 million to its Series B, bringing the round to €113 million and total funding to €385 million, €170 million of it private. EQT Ventures, Siemens Energy and the European Innovation Council Fund joined. The company is building two laser prototypes and, with Siemens Energy, a concept design for a full fusion plant.
- Series B now €113M; total funding €385M (€170M private).
- New investors: EQT Ventures, Siemens Energy, EIC Fund; Tengelmann Ventures and Bayern Kapital returned.
- A plant would ignite fuel pellets several times a second, fed by an injector.