Marvel Fusion extends Series B funding by €50m
Pamela Largue
Posted on: 31 March 2025
The extension includes new investments from the likes of EQT Ventures, Siemens Energy Ventures, and the European Innovation Council.
Marvel Fusion has extended its Series B funding round by €50 million ($54 million), bringing the total round to €113 million ($122 million).
The extension includes new investments from the likes of EQT Ventures, Siemens Energy Ventures, and the European Innovation Council (EIC) Fund and includes contributions from existing investors Tengelmann Ventures and Bayern Kapital.
The funding from this round will support Marvel Fusion’s development towards industrial deployment. To turn the laser-based fusion power plant into a reality, the company is currently building two laser prototypes and developing partnerships to scale up production.
Marvel Fusion is currently working on building a $150 million laser facility in partnership with Colorado State University and a fusion power plant design in partnership with Siemens Energy.
Moritz von der Linden, founder and CEO of Marvel Fusion, said: “Welcoming the EIC Fund, EQT Ventures and Siemens Energy to our shareholder board is fantastic; it gives us the financial and operational backing for executing the required milestones towards building the world’s first fusion prototype”.
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Fusion as a strategic innovation for Europe
Commenting on the investment, Svetoslava Georgieva, chair of the EIC Fund Board, described fusion as a "strategic technology for Europe".
Said Georgieva: "The European Innovation Council’s Fund participation underscores a significant advance, demonstrating the EIC commitment to high-impact innovation..."
The European Commission has identified fusion energy as "an industrial challenge with immense potential for Europe's industry, competitiveness, and strategic autonomy."
European fusion laboratories collaborate through a consortium called EUROfusion which is aligned with the long-term vision set out in the European research roadmap to realise fusion energy.
The roadmap aims to move fusion from being laboratory-based to an industry- and technology-driven venture with real commercial viability.
