Bill Gates-Backed Type One Energy Raises $87M Ahead of $250M Series B
Type One Energy, backed by Bill Gates, raises $87M in fusion energy funding ahead of a $250M Series B round.
Matilda
Bill Gates-Backed Type One Energy Raises $87M Ahead of $250M Series B
Fusion Power Gets a Major Boost as Type One Energy Closes $87M Round Can fusion energy finally move from lab experiment to real-world power source? Investors think so. Type One Energy, a fusion startup with backing from Bill Gates, has just raised $87 million in new funding—bringing its total venture capital haul to over $160 million. The company is now preparing for a massive $250 million Series B round at a $900 million pre-money valuation, signaling strong confidence in its approach to clean, limitless energy. Credit: Type One Energy This news arrives amid surging global electricity demand, especially from AI-driven data centers projected to triple their power consumption by 2035. With climate pressures mounting and traditional renewables facing intermittency challenges, fusion’s promise of always-on, zero-carbon power is gaining serious traction among tech leaders and institutional investors alike. Why Fusion Is Suddenly Hot Again Fusion energy mimics the process that powers the sun—fu…
