Europe may have first fusion unicorn following record raise
1 Jun 2026
13:31
A German laser fusion startup few people had heard of just raised $240m.
While a spokesperson for the company declined to share its valuation with Impact Loop, Hesse’s startup commissioner said the company “will now become a unicorn.”
While a spokesperson for the company declined to share its valuation with Impact Loop, Hesse’s startup commissioner said the company “will now become a unicorn.”
Focused Energy, a laser fusion startup spun out of the Technical University of Darmstadt in 2021, has raised $240m. In one move, it has become one of the most capitalised fusion startups in Europe.
RWE led the new round, expanding its stake by a further €60m following an initial investment in October 2025. Other investors include SPRIND, the European Innovation Council Fund, the Hessian Investment Management Company, Futury Capital, and Prime Movers Lab.