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Commonwealth Fusion Systems

Commonwealth Fusion Systems

A technology company developing fusion power systems based on ARC tokamak reactors.

Commonwealth Fusion Systems is a technology company developing fusion power systems based on ARC tokamak reactors that is headquartered in Cambridge, Massachusetts and was founded in 2017 by Martin Greenwald, Robert Mumgaard.

Funding

Series A

On June 27, 2019 Commonwealth Fusion Systems completed their series A funding round with $115 million in funding form Future Ventures, Khosla Ventures, Lowercase Capital, Moore Strategic Ventures, Safar Partners, Schooner Capital, and Starlight Ventures who join Eni, Breakthrough Energy Ventures, The Engine, and other investors. The CEO of Commonwealth Fusion Systems, Bob Mumgaard, made the following statement regarding the companies successful series A funding round:

This visionary group of investors share our mission of revolutionizing the energy landscape with a fundamentally new power source to meet our global demands and combat climate change. CFS is on track to commercialize fusion and deliver an inherently safe, globally scalable, carbon-free, and limitless energy source.

Timeline

June 2019

Commonwealth Fusion Systems raises a $115,000,000 series A round from Schooner Capital, Safar , Khosla Ventures and Lowercase Capital.

Funding rounds

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People

Name
Role
LinkedIn

Bob Mumgaard

Founder & CEO

David Chavarria Mendoza

Electro Mechanical Engineer Manufacturing

Jan Schroeder

Head of Document Control & Records Management

Michael Segal

Academic and Strategic Partnerships

Paul Costa

Talent Acquisition

Tancredi Botto

Technical Consultant

Further reading

Title
Author
Link
Type
Date

Commonwealth Fusion Systems Closes $115M Series A, Makes Our Inner Sci-Fi Nerds Happy

Web

June 28, 2019

Documentaries, videos and podcasts

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Companies

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References