Xcimer Energy closes $100m Series A

4 June 2024

Xcimer Energy announced the close of a $100m Series A round. The financing was led by Hedosophia with participation from Breakthrough Energy Ventures, Lowercarbon Capital, Prelude Ventures, Emerson Collective, Gigascale Capital and Starlight Ventures.

The funds will be used to establish a new facility in Denver, where Xcimer will build a prototype laser system to advance the development of its laser-driven inertial fusion technology as well as to expand its technical team in Denver.

Mark Cupta, managing partner at Prelude Ventures and a Xcimer board member said “Xcimer has developed a game-changing approach to inertial fusion and assembled a team of the brightest minds in the industry to execute on it.”