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General Fusion Grabs $2 Million VC Funding

Friday, February 28, 2014 5:54:00 AM PDT | VentureDeal
   Burnaby, Canada  --  Alternative energy company General Fusion has raised nearly $2.1 million in new venture capital investment, according to an SEC regulatory filing.

General Fusion says that it is developing fusion technology to generate "affordable, safe and plentiful energy without greenhouse gas emissions."

Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.

The company is backed by a large syndicate of venture capital and strategic investors.

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