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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