A good two years ago, Marvel Fusion secured in a first financing round 35 million eurosNow the nuclear fusion startup, which is working on a laser-based fusion technology for energy generation, has significantly exceeded this amount. The company has raised over 60 million euros in Series B financing.
Bayern Kapital, HV Capital, b2Venture, Tengelmann Ventures, Sprind, Deutsche Telekom, Earlybird Venture Capital, Athos, Primepulse, Plural Platform, and several European family offices are participating in the round. Marvel Fusion plans to use the fresh funding primarily to increase production capacity. A full proof of concept for the technology of the company.
Marvel Fusion, founded in 2019, has developed a concept for generating fusion energy based on ultrashort pulse laser technology. start-up companies The nanostructured fusion fuels used are fused using this laser technology. This approach promises a higher fusion probability and eliminates challenges that have so far prevented the use of fusion energy, such as inefficient energy yield.
Marvel Fusion plans fusion power plant in the next decade
In developing the required laser technology, the startup supported by the Federal Agency for Disruptive Innovations SprindIn several experiments using the world's most powerful laser systems, the company was able to demonstrate the physical foundations of its concept. The startup is confident that it will be able to implement commercially viable fusion power plants for energy generation within the next decade.
As part of a public-private partnership between Colorado State University and Marvel Fusion, a high-performance laser facility is being built on the CSU Foothills Campus. The technology is scheduled to be demonstrated there by 2027. In addition, the startup has received a blended financing option of up to €17.5 million from the European Innovation Council (EIC) as part of its accelerator program.
Moritz von der Linden, CEO of Marvel Fusion, explains:
"With the funds from our successful Series B financing round and the EIC's financial commitment, we are able to confirm the physical validity and feasibility of our technology according to power plant requirements. In parallel with the construction of a demonstration plant in Colorado, we can also use the funds to advance the further development of our technology, reduce its costs, and further optimize its performance."
The Managing Director of Bayern Kapital Monika Steger commented:
"Marvel Fusion's fusion concept is interesting both as a venture capital investment in the deep tech sector and for the overall fusion strategy and future energy supply of the federal and state governments. The reason is clear: the demand for clean, yet affordable energy on a large scale continues to grow worldwide. With Marvel Fusion, we are now supporting another of the leading fusion technology pioneers in the Free State."
