Press Release
Press Release
Press Contacts: Erik Cummins, Matt Hyams, Olivia Thomas
10.11.23
Pillsbury advised Blue Laser Fusion (BLF) in a $25 million seed funding round led by two Japan-based venture capital firms, JAFCO Group Co., Ltd. and SPARX Group Co., Ltd. (Mirai Creation Fund III).
The Palo Alto-based company was founded in 2022 and has developed a novel high-power laser technology for fusion, which they believe will be capable of achieving a high repetition rate and power to achieve clean energy generation.
According to a company press release, BLF intends to put the raised funds toward expanding its research and development operation to the Santa Barbara area, and Tokyo, to develop its prototype commercial reactor.
Click here to read the full press release.
The Pillsbury Corporate deal team included partner Allison Leopold Tilley and attorney Lisa Higa.