Exclusive: Bill Gates-backed Type One Energy raises $87M ahead of $250M Series B

Exclusive: Bill Gates-backed Type One Energy raises $87M ahead of $250M Series B

Type One Energy has raised more than $160 million from investors to date. The new funding will help the company further refine its stellarator technology.

Bill Gates-Backed 'Type One Energy' Raises $87 Million in Convertible Note Funding

Fusion power startup Type One Energy raised $87 million in a convertible note, bringing its total venture funding to more than $160 million.Credit: Type One EnergyThe company is pursuing a $250 million Series B round at a $900 million pre-money valuation.“The progress Type One Energy has achieved in its FusionDirect program, its access to critical infrastructure such as Oak Ridge National Lab’s supercomputing resources, support from the US DOE M…