Venture capitalists’ appetite for fusion startups has been up and down in the last few years. For instance, the Fusion Industry Association found that while nuclear fusion companies had attracted over $6 billion in investment in 2023, $1.4 billion more than in 2022, the 27% growth proved slower than in 2022, as investors battled external fears such as inflation. However, numbers don’t tell the full story: Venture interest in the field has remained strong as startups begin to find novel ways to potentially capture the power of the sun to produce safe, limitless energy. The field… Click below to read the full story from TechCrunch
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Proxima Fusion raises $21M to build on its ‘stellarator’ approach to nuclear fusion
