Renaissance Fusion, a Grenoble, France-based nuclear fusion reactor company, raised €32M in first closing of its Series A funding.
The round was led by Crédit Mutuel Alliance Fédérale’s societal dividend and managed by Crédit Mutuel Impact, alongside Lowercarbon Capital.
The company intends to use the funds to accelerate the development of its nuclear fusion reactor and commercialize High Temperature Superconductors (HTS).
Led by Francesco Volpe, CEO and CTO, and Co-founder Martin Kupp, Renaissance Fusion is a nuclear fusion startup building High Temperature Superconductors (HTS), by leveraging liquid metals which will shield the reactor, breed one of its fuels (tritium) and efficiently extract the heat, Stellarators, the most stable, simple to operate and energy efficient fusion devices, and magnetic fields, which will enable more compact reactors.
The company has a team of over 60 engineers, scientists and business people from 19 different nationalities, and collaborations throughout Europe and the USA
So far, Renaissance Fusion has raised over €60M, also including €15.5M of seed funding in May 2022, and an “Innovative Nuclear Reactors” grant of €10M from BPI France in November 2023.
FinSMEs
07/03/2025