General Fusion
General Fusion is a Canadian fusion energy company developing magnetized target fusion (MTF) technology for commercial power generation. The company operates Lawson Machine 26 (LM26), a large-scale fusion demonstration machine designed to achieve fusion conditions and advance toward commercial power plant deployment in the early to mid-2030s. Founded by Dr. Michel Laberge, General Fusion is advancing clean, carbon-free fusion energy to provide zero-carbon electricity to grid.
Public Company
General Fusion is publicly traded
This company is no longer available on our private secondary market. Shares can be traded publicly under its listed ticker.
Overview
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2002
Employees
150+
Total Funding
$456.4M
13 rounds
Secondary Signals
1 signalBegan trading on Nasdaq as GFUZ after closing SPAC merger with Spring Valley Acquisition Corp. III
Now publicly tradeable; SAFE/venture stakes convert to public equity liquidity
Funding
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $456.4M across 13 rounds
Last updated 08-09-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Nov 2025 | SAFE financing | $51M | — | Not disclosed |
| Aug 21, 2025 | Pay-to-play / Restructuring round TechCrunch | $22M | — | Not disclosed |
| Aug 8, 2024 | Strategic — Canadian Nuclear Laboratories & BDC Capital Press release | $14.5M | — | Canadian Nuclear Laboratories, BDC Capital |
Prominent Investors
Leadership
Greg Twinney
Chief Executive Officer
Michel Laberge
Founder & Chief Science Officer
Megan Wilson
Chief Strategy Officer
Jan Laishley
Chief People and Culture Officer
Mike Donaldson
Senior Vice President, Technology Development
Robert Crystal
Senior Vice President, Finance
Competitors
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Commonwealth Fusion Systems
U.S.-based fusion company developing tokamak-based fusion technology with backing from MIT and major venture investors. Uses high-temperature superconducting magnets for rapid iteration.
TAE Technologies
U.S. fusion company developing field-reversed configuration (FRC) and aneutronic fusion approaches with significant venture funding.
Helion Energy
U.S.-based fusion company using polywells and magneto-inertial fusion approaches, backed by prominent venture investors including OpenAI.
Type One Energy
U.S. fusion company developing stellarator-based technology for commercial fusion power generation.
Tokamak Energy
U.K.-based company developing compact tokamak technology with high-temperature superconducting magnets for fusion power plants.
ITER (International Thermonuclear Experimental Reactor)
International collaboration developing large-scale tokamak fusion research project in France, representing the largest government-backed fusion initiative.
General Fusion Investment FAQ
General Fusion FAQ
General Fusion completed its business combination with Spring Valley Acquisition Corp. III on July 10, 2026 and began trading on Nasdaq as General Fusion Group Ltd. under the ticker 'GFUZ' (warrants 'GFUZW') on July 13, 2026, becoming the first publicly listed pure-play fusion company. The company entered the public markets with approximately US$150 million in cash, inclusive of net proceeds from an oversubscribed private placement of roughly US$108 million and the trust capital remaining after redemptions; the deal implied about US$1 billion of pro-forma equity value when signed in January 2026. Shares opened at $12.85 and traded up about 40% on the first day, and the company rang the Nasdaq opening bell on July 17, 2026; management expects the proceeds to fund the Lawson program through key technical milestones targeted for 2028.
General Fusion shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker to place an order.
General Fusion raised $456.4M across 13 disclosed funding rounds prior to its public listing.
General Fusion was founded by Michel Laberge in 2002.
General Fusion is headquartered in Richmond, BC, Canada.
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