Bill Gates-backed Type One Energy raises $87M ahead of $250M Series B

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Fusion power startup Type One Energy recently raised $87 million, TechCrunch has learned from sources familiar with the deal.

The new funding is a convertible note that brings the total venture investment in the startup to more than $160 million. Type One is also in the midst of raising a $250 million Series B at a $900 million pre-money valuation, according to sources and later confirmed by the company.

Like other energy startups, Type One has benefited from a surge in demand from data centers and the broader electrification of the economy….



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Bill Gates-backed Type One Energy raises $87M ahead of $250M Series B


Fusion power startup Type One Energy recently raised $87 million, TechCrunch has learned from sources familiar with the deal.

The new funding is a convertible note that brings the total venture investment in the startup to more than $160 million. Type One is also in the midst of raising a $250 million Series B at a $900 million pre-money valuation, according to sources and later confirmed by the company.

Like other energy startups, Type One has benefited from a surge in demand from data centers and the broader electrification of the economy….



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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