Japan fusion energy start-up a venture capital darling

On February 2, Kyoto Fusioneering announced it had raised 1.33 billion yen (US$11.7 million) in an oversubscribed Series B funding, the second round of financing arranged for a company by venture capitalists. 

Kyoto Fusioneering is a Japanese engineering company dedicated to solving the problem of global warming through the development of nuclear fusion energy, which produces no carbon dioxide. Spun out of Kyoto University in October 2019, it is Japan’s first fusion energy startup. 

As noted on the company’s website: “Kyoto Fusioneering’s mission is to tackle the reactor engineering and technology challenges, whilst cooperating with fusion developers around the world, to rapidly accelerate the growth of the fusion industry. 

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