NearStar Fusion Overview
- Year Founded
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2021
- Status
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Private
- Employees
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7
- Latest Deal Type
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Accelerator/Inc
- Investors
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5
NearStar Fusion General Information
Description
Developer of new pulsed impact fusion method designed to power the globe with clean always-on energy. The company is developing fusion power plant technology which fires hypervelocity solid projectiles at magnetized deuterium fuel targets to drive pulsed fusion reactions, enabling clients to power the globe with clean, and limitless energy.
Contact Information
Website
www.nearstarfusion.comCorporate Office
- 13935 Willard Road
- Chantilly, VA 20151-2936
- United States
Corporate Office
- 13935 Willard Road
- Chantilly, VA 20151-2936
- United States
NearStar Fusion Timeline
NearStar Fusion Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 6. Accelerator/Incubator | Completed | Generating Revenue | ||||
| 5. Seed Round | 20-Nov-2023 | Completed | Generating Revenue | |||
| 4. Grant | 25-Nov-2023 | Completed | Generating Revenue | |||
| 3. Seed Round | 29-Jun-2023 | Completed | Generating Revenue | |||
| 2. Equity Crowdfunding | 18-Jun-2022 | $135K | $216K | Completed | Product In Beta Test | |
| 1. Seed Round | 13-Dec-2021 | $81.4K | $81.4K | Completed | Startup |
NearStar Fusion Comparisons
Industry
Financing
Details
NearStar Fusion Competitors (5)
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Helion | Venture Capital-Backed | Everett, WA | ||||
| HB11 Energy | Venture Capital-Backed | Sydney, Australia | ||||
| Zap Energy | Venture Capital-Backed | Everett, WA | ||||
| First Light (Energy Production) | Venture Capital-Backed | Yarnton, United Kingdom | ||||
| Commonwealth Fusion Systems | Venture Capital-Backed | Devens, MA |
NearStar Fusion Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
NearStar Fusion Executive Team (4)
| Name | Title | Board Seat |
|---|---|---|
| Amit Singh | Chief Executive Officer | |
| Douglas Witherspoon Ph.D | Co-Founder, President, Chief Scientist & Chairman | |
| Christopher Faranetta | Co-Founder, Vice President & Board Member | |
| Randel Roy | Advisor |
NearStar Fusion Board Members (2)
| Name | Representing | Role | Since |
|---|---|---|---|
| Christopher Faranetta | NearStar Fusion | Co-Founder, Vice President & Board Member | |
| Douglas Witherspoon Ph.D | NearStar Fusion | Co-Founder, President, Chief Scientist & Chairman |
NearStar Fusion Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
NearStar Fusion Investors (5)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Fairfax County Employees' Retirement System | Government | |||
| National Science Foundation | Government | |||
| Virginia Innovation Partnership | Not-For-Profit Venture Capital | |||
| Strong Atomics | Venture Capital | Minority | ||
| Dominion Energy Innovation Center | Accelerator/Incubator |
NearStar Fusion Acquisitions (1)
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| HyperJet Fusion | Other Equipment |
NearStar Fusion FAQs
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When was NearStar Fusion founded?
NearStar Fusion was founded in 2021.
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Who is the founder of NearStar Fusion?
Douglas Witherspoon Ph.D and Christopher Faranetta are the founders of NearStar Fusion.
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Who is the CEO of NearStar Fusion?
Amit Singh is the CEO of NearStar Fusion.
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Where is NearStar Fusion headquartered?
NearStar Fusion is headquartered in Chantilly, VA.
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What is the size of NearStar Fusion?
NearStar Fusion has 7 total employees.
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What industry is NearStar Fusion in?
NearStar Fusion’s primary industry is Alternative Energy Equipment.
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Is NearStar Fusion a private or public company?
NearStar Fusion is a Private company.
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What is NearStar Fusion’s current revenue?
The current revenue for NearStar Fusion is .
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How much funding has NearStar Fusion raised over time?
NearStar Fusion has raised $10.5M.
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Who are NearStar Fusion’s investors?
Fairfax County Employees' Retirement System, National Science Foundation, Virginia Innovation Partnership, Strong Atomics, and Dominion Energy Innovation Center have invested in NearStar Fusion.
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Who are NearStar Fusion’s competitors?
Helion, HB11 Energy, Zap Energy, First Light (Energy Production), and Commonwealth Fusion Systems are competitors of NearStar Fusion.
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