Helion Energy Obtains $120,000 Seed Funding Round
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5ef85d8a-8440-4a26-a2a1-1fb80b5f5c3d - Date
8/19/2014 - Company Name
Helion Energy - Mailing Address
8549 154th Avenue NE Redmond, WA 98052 USA - Company Description
We watched our big government fusion programs continue to spend billions of dollars pursuing commercially impractical solutions and thought, there must be a better way. We came up with a new approach and, by leveraging $5M from the Department of Energy, we proved the technology in a series of breakthrough prototypes. These successes gave us a significant technical lead and with a private backing we have continued to rapidly advance the technology toward commercial application. The Helion team is uniquely suited to this ambitious goal, with an entrepreneurial history of rapid development, cutting edge engineering and award winning science. - Website
http://www.helionenergy.com - Transaction Type
Accelerator - Transaction Amount
$120,000 - Transaction Round
Seed - Proceeds Purposes
The company will use the proceeds to accelerate its initial development. - M&A Terms
- Venture Investor
