2015’s biggest investments: First Light Fusion £23m

University of Oxford spinout First Light Fusion’s first funding round will help development of fusion energy process

Company: First Light Fusion
Description: Renewable energy
Founders: Yiannis Ventikos
Based in: Oxford
Raised: £23m
Investors: IP Group

They said:

Nick Hawker, CTO and co-founder of First Light:

“We believe that we have a differentiated approach to developing technology for fusion and these funds will accelerate our vision of affordable, practical and safe energy supply.”

Robert Trezona, IP Group’s head of Cleantech:

“First Light is making excellent progress in developing its technology towards eventual commercial application. The participation of such high-quality investors alongside IP Group in this fundraising is a testament to the achievements of the First Light team so far.”

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