Fundraising Fox

General Fusion

NASDAQ: GFUZ

Burnaby, CA · Founded 2023 · British Columbia, Canada corporation · 11 known investors

generalfusion.com ↗

General Fusion develops Magnetized Target Fusion (MTF) technology, combining plasma physics, mechanical compression, and liquid metal systems to build a practical, cost-competitive fusion power plant. The company operates large-scale demonstration machines, including LM26 at its Vancouver facility, on a roadmap toward a first fusion plant producing energy in the mid-2030s.

CleantechDeep TechEnergy

Founders & leadership

General Fusion was founded in 2023 by Michael Laberge.

ML
Michael LabergeFounder
NGNathan Gilliland
Nathan GillilandExecutive
SK
Susan KochExecutive
GT
Greg TwinneyExecutive
MW
Megan WilsonChief Strategy Officer
NH
Norman HarrisonNamed on SEC filing
ML
Mark LittleNamed on SEC filing
AR
Adam RodmanNamed on SEC filing
ZT
Zoltan TompaNamed on SEC filing
RC
Robert CrystalNamed on SEC filing
JL
Jan LaishleyNamed on SEC filing
ML
Michel LabergeNamed on SEC filing

Investors · 11

Braemar Energy VenturesNew York · $1M – $25M
ChrysalixDelft · $36.5K – $2.9Mvia Wal van Lierop · board
Evolution VC PartnersNew York
Helium-3 VenturesNew York
JIMCOSt. Helier
New Ground VenturesWestport
Pender Growth FundVancouver · $365K – $2.2M
SET VenturesAmsterdam · $2M – $5M
Sprint VcBangalore · $300
WUTIF CapitalVancouver · $50K – $300Kvia Mike Volker · inferred
Norrsken VCreportedStockholm · $1.1M – $3.2M

Reported raises · per SEC filings

Form D private placements

$150.9M disclosed across 6 rounds · 2014–2026

▶$107.7MraisedJul 2026 · 10 investors · Other Energy
Rule 506(b)
Officers, directors & promoters on the filing
  • Michel LabergeExecutive Officer
  • Klaas de BoerDirector
  • Kelly M. EdmisonDirector
  • Greg TwinneyExecutive Officer, Director
  • Norman HarrisonDirector
  • Wal van LieropDirector
  • Mark LittleDirector
  • Adam RodmanDirector
  • Zoltan TompaDirector
  • Robert CrystalExecutive Officer
  • Megan WilsonExecutive Officer
  • Jan LaishleyExecutive Officer
  • Michael DonaldsonExecutive Officer
  • Wendy KeiDirector
  • Thomas BoehlertDirector
Offering amount
$107.7M
Amount sold
$107.7M
Sales commissions
$3.6M
Placement agents
Cohen & Company Securities, LLC, Madison Global Partners LLC
First sale
Jul 2026
Incorporated
Corporation, British Columbia, Canada, 2023
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$350KraisedFeb 2026 · 1 investors · Other Energy
Rule 506(b)
Officers, directors & promoters on the filing
  • Megan WilsonExecutive Officer
  • Michel LabergeExecutive Officer
  • Adam RodmanDirector
  • Robert CrystalExecutive Officer
  • Wal van LieropDirector
  • Zoltan TompaDirector
  • Norman HarrisonDirector
  • Grant GardinerDirector
  • Klaas de BoerDirector
  • Mark LittleDirector
  • Greg TwinneyExecutive Officer, Director
  • Kelly M. EdmisonDirector
  • Michael DonaldsonExecutive Officer
  • Jan LaishleyExecutive Officer
Offering amount
$350K
Amount sold
$350K
Minimum investment
$350K
First sale
Jan 2026
Incorporated
Corporation, British Columbia, Canada, 2023
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$38.2MraisedDec 2025 · 70 investors · Other Energy
Rule 506(b)
Officers, directors & promoters on the filing
  • Megan WilsonExecutive Officer
  • Greg TwinneyExecutive Officer, Director
  • Michael DonaldsonExecutive Officer
  • Wal van LieropDirector
  • Grant GardinerDirector
  • Kelly M. EdmisonDirector
  • Klaas de BoerDirector
  • Michel LabergeExecutive Officer
  • Jan LaishleyExecutive Officer
  • Robert CrystalExecutive Officer
  • Norman HarrisonDirector
  • Zoltan TompaDirector
  • Adam RodmanDirector
  • Mark LittleDirector
Offering amount
$50M
Amount sold
$38.2M
Minimum investment
$10K
First sale
Nov 2025
Incorporated
Corporation, British Columbia, Canada
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$500KraisedAug 2020 · 1 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Michael LabergeExecutive Officer
  • Greg TwinneyExecutive Officer
  • Wal van LieropDirector
  • Michael W. CappelloExecutive Officer
  • Michael DelageExecutive Officer
  • Klaas de BoerDirector
  • Chip HambroDirector
  • Christopher M. MowryExecutive Officer, Director
  • Fred BuckmanDirector
Offering amount
$500K
Amount sold
$500K
First sale
Jul 2020
Incorporated
Corporation, British Columbia, Canada
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$2.1MraisedAug 2015 · 4 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Nathan GillilandExecutive Officer, Director
  • Rick WillsDirector
  • Michael LabergeExecutive Officer
  • Klaas de BoerDirector
  • Susan KochExecutive Officer
  • Jacques BesnainouDirector
  • Fred BuckmanDirector
  • Mike ShermanDirector
Offering amount
$2.1M
Amount sold
$2.1M
First sale
May 2015
Incorporated
Corporation, British Columbia, Canada
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$2.1MraisedFeb 2014 · 2 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Nathan GillilandDirector, Executive Officer
  • Fred BuckmanDirector
  • Rick WillsDirector
  • Michel LabergeExecutive Officer
  • Jacques BesnainouDirector
  • Klaas de BoerDirector
  • William D. LeseDirector
  • Doug RichardsonExecutive Officer
  • Michael J. BrownDirector
  • Susan KochExecutive Officer
Offering amount
$2.1M
Amount sold
$2.1M
First sale
Feb 2014
Incorporated
Corporation, British Columbia, Canada
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Founder mafia

2 people who came through General Fusion went on to found or lead other companies.

Alfred LamBoard Member (Observer)Founded Mangrove LithiumWal van LieropDirectorFounded MineSense

Competitors · 7

by search overlap
Pacific Fusion66 shared keywordsPacific Fusion is developing a high-gain pulsed magnetic inertial fusion system designed to achieve net facility gain, using a modular fast electric pulser, a meter-scale fusion chamber, and small fuel containers. The company aims to produce affordable, on-demand fusion power to meet global energy demand and address climate change.
F61 shared keywordsFuse Energy develops fusion energy technology, with work spanning hardened electronics and radiation testing (HEART) and recycling of radioactive waste, aiming to provide an on-demand clean energy source. It brings together a team across engineering, fusion science, energy policy, and manufacturing.
Helion Energy61 shared keywordsHelion develops fusion energy systems designed to generate clean electricity for commercial use. The company builds pulsed magnetic fusion prototypes with applications for industrial and commercial electricity generation.
Commonwealth Fusion Systems59 shared keywordsCommonwealth Fusion Systems develops commercial fusion power plants using high-temperature superconducting magnet technology to provide grid-scale energy.
Interestingengineering48 shared keywordsInteresting Engineering is an online media publication covering news and analysis on engineering, science, and technology topics including nuclear energy, semiconductors, robotics, quantum computing, and defense. It offers articles, columns, case studies, and research along with a subscription for ad-free access.
Marathon Fusion28 shared keywordsMarathon Fusion develops fuel cycle technologies for fusion energy, including neutron-driven transmutation to produce radioisotopes and gold, advanced pumping for tritium burn efficiency, and isotope separation for fusion and industrial applications. The company supplies critical materials and processing technologies to the fusion energy industry.
Avalanche Energy28 shared keywordsAvalanche Energy develops compact fusion technology to generate high-energy neutrons for materials testing, radioisotope production, and advanced nuclear battery systems serving defense, space, and commercial power applications. The company also provides high-voltage vacuum components and operates FusionWERX, a commercial-scale fusion testing facility.

Companies competing with General Fusion for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

General Fusion lists on Nasdaq with $150 million in cash By Investing.cominvesting.com · Aug 2026General Fusion Provides First Public Company Business Update | The Manila Timesmanilatimes.net · Aug 2026Fusion startups with over $100M raised: A 2026 funding landscapestockpil.com · Aug 2026Every fusion startup that has raised over $100M | TechCrunchtechcrunch.com · Aug 2026Commonwealth Fusion Systems Raises Another $1 Billion as Work on Commercial Power Plant Continuespowermag.com · Jul 2026As General Fusion makes historic Nasdaq debut, report shows global funding surged to $4.5B – GeekWiregeekwire.com · Jul 2026

Frequently asked questions

What does General Fusion do?
General Fusion develops Magnetized Target Fusion (MTF) technology, combining plasma physics, mechanical compression, and liquid metal systems to build a practical, cost-competitive fusion power plant. The company operates large-scale demonstration machines, including LM26 at its Vancouver facility, on a roadmap toward a first fusion plant producing energy in the mid-2030s.
Who founded General Fusion?
General Fusion was founded by Michael Laberge in 2023.
Who are General Fusion's investors?
General Fusion's investors include Braemar Energy Ventures, Chrysalix, Evolution VC Partners, Helium-3 Ventures, JIMCO, New Ground Ventures, Pender Growth Fund, SET Ventures and 3 more.
How much funding has General Fusion raised?
General Fusion has disclosed $150.9M raised across 6 rounds.
Where is General Fusion headquartered?
General Fusion is headquartered in Burnaby, CA.