Latest funding round brings total investment in the Burnaby, B.C.-based energy company to more than $100 million
Canadian alternative energy company General Fusion has just completed its largest round of fundraising to date, in the amount of $27 million. The new funding, led by Malaysia’s sovereign wealth fund, brings the Burnaby, B.C.-based firm’s total venture capital raised to more than $100 million.
According to CEO Nathan Gilliland, General Fusion executives first met with representatives of Khazanah Nasional Berhad at an awards ceremony in Vancouver last year. Coming from a country rich in fossil fuels, “They had a real interest in developing clean, alternative sources of energy,” he says.
General Fusion raises another $27 million to advance its reactor concept (Canadian Business)