Marvel Fusion closed a €35 million Series A funding round led by Earlybird.

Marvel Fusion, a Munich, Germany-based developer of fusion energy technology, announced closing €35 million ($39.4M) series A funding round.

The money was raised from new and existing investors led by early stage backer Earlybird and joined by PRIMEPULSE, Thistledown Capital, Taavet Hinrikus & Sten Tamkivi (OÜ Notorius), Nicolas Berggruen Charitable Trust, Heinz Dürr Invest, Hartmut Neven, Albert Wenger, and Possible Ventures.

Marvel Fusion, founded in 2019 by Moritz von der Linden, Karl-Georg Schlesinger, Dr. Georg Korn, and Pasha Shabalin, is working on the development of a novel approach to fusion energy. Collaborating with Siemens Energy, TRUMPF and Thales, Marvel Fusion seeks to provide access to abundant zero-carbon emission energy for a large range of global energy consumers.

The company says that its tech is more economically attractive and a fast-track route to the commercial application of fusion energy. Marvel Fusion precisely controls the conversion of input laser energy to accelerated fuel particles through the design of its nanostructured targets. This approach allows for higher efficiency in triggering fusion reactions and greater energy yields.

Marvel Fusion previously raised around €25 million.