Kyoto Fusioneering Raises US$18.6M in Oversubscribed Series B Funding Round and Debt Financing
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Wednesday, February 2, 2022
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KYOTO, Japan, Feb. 02, 2022 (GLOBE NEWSWIRE) -- Kyoto Fusioneering, the first fusion energy startup in Asia and Japan, has raised 1.33 billion yen (US$ 11.7 million) in its latest round of funding. The oversubscribed series B funding round was supported by existing investors, Coral Capital Co., and underwritten by five new investors from some of Japan's top VC firms (in alphabetical order): Daiwa Corporate Investment, DBJ Capital, JAFCO Group, JGC MIRAI Innovation Fund and JIC Venture Growth Investments. This capital increase brings the total amount of funds raised by Kyoto Fusioneering Ltd. to 1.67 billion yen (US$ 14.7 million).
Key Points:
- Kyoto Fusioneering Ltd - a fusion reactor technology company, based in Kyoto, Japan - has raised a total of US$18.6M in Series B funding and debt financing.
- KYOTO, Japan, Feb. 02, 2022 (GLOBE NEWSWIRE) -- Kyoto Fusioneering, the first fusion energy startup in Asia and Japan, has raised 1.33 billion yen (US$ 11.7 million) in its latest round of funding.
- This capital increase brings the total amount of funds raised by Kyoto Fusioneering Ltd. to 1.67 billion yen (US$ 14.7 million).
- Were excited to back Kyoto Fusioneering once again, and to see their incredible progress toward building out a fusion energy future.