Blue Laser Fusion Conducts Subsequent Closing of Seed Round for Total Investment of $37.8 Million; Fusion Energy Prototype Expected in 2025

This is the second closing of the seed round. Click here to see information about the initial closing.

Existing investors JAFCO Group Co., Ltd., SPARX Group Co., Ltd (Mirai Creation Fund III), and Waseda University Ventures participated in the funding round along with new investors SoftBank Corp., a major Japan-based telecommunication and IT operator, a private investor Yusaku Maezawa through the Maezawa Fund, and Itochu Corporation, one of the largest trading companies.

Blue Laser Fusion developed a proprietary novel laser fusion technology capable of achieving the world's first fusion for energy generation for power grids. According to a company press release, Blue Laser Fusion intends to complete its first prototype in 2025 and demonstrate and commercial-ready fusion reactor by 2030.

Click here to read the official press release.

The Pillsbury deal team included Corporate partner Allison Leopold Tilley and attorney Lisa Higa.