Acceleron Secures Series A Funding for Fusion Technology Advancements
Deal News | Dec 10, 2024 | Goodwin
Acceleron, a frontrunner in muon-catalyzed fusion technology, has successfully secured Series A funding, co-led by Lowercarbon Capital and Collaborative Fund, to further develop its innovative fusion reactor components. The funding will enable the company to harness its revolutionary plasma-free approach, enhancing their ability to generate clean and abundant energy. Acceleron, which originated from NK Labs in 2023 following the reception of two ARPA-E grants, has since gathered a robust investor base, including notable figures and firms like Sergey Gorbunov and AE Blue Capital. Leading the advisory on this strategic funding round was Goodwin's team of experts, ensuring that Acceleron's ambitious goals are backed by substantial financial and strategic insight.
Sectors
- Energy
- Venture Capital
- Technology
Geography
- United States – Acceleron is a U.S.-based company, engaging with U.S. investors and advisors like Goodwin.
- Switzerland – The Paul Scherrer Institute in Switzerland is where Acceleron has been conducting experiments.
Industry
- Energy – The article focuses on Acceleron's work in fusion energy technology, a segment of the broader energy industry.
- Venture Capital – The Series A funding round highlights the involvement of venture capital firms such as Lowercarbon Capital and Collaborative Fund.
- Technology – Acceleron's innovative plasma-free approach to fusion is a significant technological development.
Financials
- Series A Funding – Acceleron received Series A funding to develop fusion reactor components.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Acceleron | Target Company | Company | Acceleron is a leader in muon-catalyzed fusion technology, advancing clean energy solutions. |
| Lowercarbon Capital | Investor | Company | Lowercarbon Capital co-led the Series A funding round for Acceleron. |
| Collaborative Fund | Investor | Company | Collaborative Fund co-led the Series A funding round for Acceleron. |
| Goodwin | Legal Advisor | Company | Goodwin provided legal advice to Acceleron during its Series A funding round. |
| NK Labs | Origin Firm | Company | Acceleron spun out of NK Labs, where its fusion technology initially developed. |
| Paul Scherrer Institute | Research Facility | Company | The location where Acceleron is conducting fusion experiments. |
| ARPA-E | Funding Source | Government | Provided grants for Acceleron's muon-catalyzed fusion research. |