{"id":4039,"date":"2021-12-06T12:27:28","date_gmt":"2021-12-06T12:27:28","guid":{"rendered":"https:\/\/cms.alj3.clients.lemonhq.io\/press-release\/jimco-technology-fund-confirms-major-participation-in-us-130-million-transitional-series-e-funding-round-for-general-fusion\/"},"modified":"2025-12-09T09:03:15","modified_gmt":"2025-12-09T09:03:15","slug":"jimco-technology-fund-confirms-major-participation-in-us-130-million-transitional-series-e-funding-round-for-general-fusion","status":"publish","type":"pressrelease","link":"https:\/\/cms.alj3.clients.lemonhq.io\/en\/news\/jimco-technology-fund-confirms-major-participation-in-us-130-million-transitional-series-e-funding-round-for-general-fusion\/","title":{"rendered":"JIMCO Technology Fund confirms major participation in US$ 130 million transitional Series E funding round for General Fusion"},"content":{"rendered":"\n<h4 class=\"wp-block-heading\">From the press office of <a href=\"https:\/\/jimco.com\/en\/media-center\/jimco-technology-fund-media\/\" target=\"_blank\" rel=\"noopener\">JIMCO<\/a><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>This is JIMCO Technology Fund\u2019s second strategic investment to accelerate commercialization of fusion energy to provide the world with limitless sustainable power<\/li>\n\n\n\n<li>General Fusion is progressing its program for Magnetized Target Fusion<\/li>\n\n\n\n<li>Investment continues JIMCO support of innovative breakthrough technologies that will positively shape the future of core industries driving the global economy<\/li>\n<\/ul>\n\n\n\n<p><a href=\"about:blank\">JIMCO Technology Fund<\/a>, part of <a href=\"about:blank\">JIMCO<\/a>, the <a href=\"about:blank#jameelfamily\">Jameel Family\u2019s<\/a> global investment arm, confirmed its participation with an investment in <a href=\"about:blank\">General Fusion<\/a>, as it announced the closing of an over-subscribed Series E financing round of US$ 130 million.&nbsp;<\/p>\n\n\n\n<p>This is the JIMCO Technology Fund\u2019s second major strategic investment towards the commercialization of clean, sustainable, and unlimited fusion energy and follows the recent investment in MIT spin-out <a href=\"https:\/\/jimco.com\/en\/news\/jimco-technology-fund-announces-major-participation-in-us-1-8-billion-series-b-funding-round-for-commonwealth-fusion-systems\/\">Commonwealth Fusion Systems<\/a> and reaffirms the Jameel Family\u2019s commitment to a sustainable energy future.<\/p>\n\n\n\n<p>This round expands General Fusion\u2019s portfolio of institutional, sovereign, family office, and high net worth investors, as a precursor to a large financing round being prepared for 2022.<\/p>\n\n\n\n<p>Together with broad financial support from governments of Canada, the United Kingdom, and USA, this General Fusion Series E round underpins an aggressive pursuit of several near-term initiatives and milestones in its program to commercialize <a href=\"about:blank\">Magnetized Target Fusion<\/a> (MTF).<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201dGeneral Fusion&#8217;s drive to shape the market for clean fusion energy is just one of the many reasons why JIMCO is investing in its commercialization program,&#8221; <\/em>said <a href=\"about:blank\">Fady Jameel<\/a>, a member of the Jameel Family\u2019s Investment Supervisory Board.&nbsp; <em>&#8220;The global energy sector is undergoing tremendous change to secure a cleaner future for all, which JIMCO is passionate about and ready to support through investments like the one in General Fusion.\u201d<\/em><\/p>\n\n\n\n<p><em>\u201dWith our 75-year history of investing in companies positively shaping the future of the core industries, we believe General Fusion&#8217;s global, technologically-advanced solution to commercial fusion energy make them a leader in this growing industry.\u201d <\/em>he continued.<\/p>\n<\/blockquote>\n\n\n\n<p>Founded in 2002, General Fusion has tenaciously pursued deployment of its power-plant scale Fusion Demonstration Plant located at the UK Atomic Energy Authority\u2019s (<a href=\"about:blank\">UKAEA<\/a>) <a href=\"about:blank\">Culham Center for Fusion Energy<\/a> near London.&nbsp; The Company has also accelerated MTF technology development activities associated with its new Vancouver HQ and opened a new facility adjacent to <a href=\"about:blank\">Oak Ridge National Laboratory<\/a> USA. &nbsp;<\/p>\n\n\n\n<p>General Fusion has also created a Market Development Advisory Committee l (MDAC) &#8211; focused exclusively on fusion \u2013 and comprised of nine leading energy companies and clean energy users representing critical markets for the future of fusion energy&#8217;s carbon-free, on-demand power.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cGeneral Fusion&#8217;s unique global presence, with facilities in three countries, allows us to be much more ambitious in pushing toward commercialization,\u201d<\/em> said Christofer Mowry, CEO, General Fusion. <em>\u201cOur broad network of national laboratory and industrial partners, together with our advisory council of energy market end-users, positions General Fusion well to help the world achieve its net-zero carbon goals.\u201d<\/em><\/p>\n<\/blockquote>\n","protected":false},"featured_media":4041,"menu_order":0,"template":"","class_list":["post-4039","pressrelease","type-pressrelease","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>JIMCO Invests in General Fusion | Abdul Latif Jameel\u00ae<\/title>\n<meta name=\"description\" content=\"Know how the JIMCO Technology fund invested in General Fusion and expanded its powerplant. Discover more about General Fusion&#039;s\u00a0portfolio.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JIMCO Invests in General Fusion | Abdul Latif Jameel\u00ae\" \/>\n<meta property=\"og:description\" content=\"Know how the JIMCO Technology fund invested in General Fusion and expanded its powerplant. Discover more about General Fusion&#039;s\u00a0portfolio.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cms.alj3.clients.lemonhq.io\/en\/news\/jimco-technology-fund-confirms-major-participation-in-us-130-million-transitional-series-e-funding-round-for-general-fusion\/\" \/>\n<meta property=\"og:site_name\" content=\"Abdul Latif Jameel\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-09T09:03:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/media.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/General-Fusion_Hero_Image_2650x1440.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"850\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cms.alj3.clients.lemonhq.io\/en\/news\/jimco-technology-fund-confirms-major-participation-in-us-130-million-transitional-series-e-funding-round-for-general-fusion\/\",\"url\":\"https:\/\/cms.alj3.clients.lemonhq.io\/en\/news\/jimco-technology-fund-confirms-major-participation-in-us-130-million-transitional-series-e-funding-round-for-general-fusion\/\",\"name\":\"JIMCO Invests in General Fusion | Abdul Latif Jameel\u00ae\",\"isPartOf\":{\"@id\":\"https:\/\/10.0.2.131\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cms.alj3.clients.lemonhq.io\/en\/news\/jimco-technology-fund-confirms-major-participation-in-us-130-million-transitional-series-e-funding-round-for-general-fusion\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cms.alj3.clients.lemonhq.io\/en\/news\/jimco-technology-fund-confirms-major-participation-in-us-130-million-transitional-series-e-funding-round-for-general-fusion\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/media.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/General-Fusion_Hero_Image_2650x1440.jpg\",\"datePublished\":\"2021-12-06T12:27:28+00:00\",\"dateModified\":\"2025-12-09T09:03:15+00:00\",\"description\":\"Know how the JIMCO Technology fund invested in General Fusion and expanded its powerplant. Discover more about General Fusion's\u00a0portfolio.\",\"breadcrumb\":{\"@id\":\"https:\/\/cms.alj3.clients.lemonhq.io\/en\/news\/jimco-technology-fund-confirms-major-participation-in-us-130-million-transitional-series-e-funding-round-for-general-fusion\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cms.alj3.clients.lemonhq.io\/en\/news\/jimco-technology-fund-confirms-major-participation-in-us-130-million-transitional-series-e-funding-round-for-general-fusion\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cms.alj3.clients.lemonhq.io\/en\/news\/jimco-technology-fund-confirms-major-participation-in-us-130-million-transitional-series-e-funding-round-for-general-fusion\/#primaryimage\",\"url\":\"https:\/\/media.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/General-Fusion_Hero_Image_2650x1440.jpg\",\"contentUrl\":\"https:\/\/media.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/General-Fusion_Hero_Image_2650x1440.jpg\",\"width\":2560,\"height\":850},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cms.alj3.clients.lemonhq.io\/en\/news\/jimco-technology-fund-confirms-major-participation-in-us-130-million-transitional-series-e-funding-round-for-general-fusion\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/10.0.2.131\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"JIMCO Technology Fund confirms major participation in US$ 130 million transitional Series E funding round for General Fusion\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/10.0.2.131\/en\/#website\",\"url\":\"https:\/\/10.0.2.131\/en\/\",\"name\":\"Abdul Latif Jameel\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/10.0.2.131\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"JIMCO Invests in General Fusion | Abdul Latif Jameel\u00ae","description":"Know how the JIMCO Technology fund invested in General Fusion and expanded its powerplant. Discover more about General Fusion's\u00a0portfolio.","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_US","og_type":"article","og_title":"JIMCO Invests in General Fusion | Abdul Latif Jameel\u00ae","og_description":"Know how the JIMCO Technology fund invested in General Fusion and expanded its powerplant. Discover more about General Fusion's\u00a0portfolio.","og_url":"https:\/\/cms.alj3.clients.lemonhq.io\/en\/news\/jimco-technology-fund-confirms-major-participation-in-us-130-million-transitional-series-e-funding-round-for-general-fusion\/","og_site_name":"Abdul Latif Jameel","article_modified_time":"2025-12-09T09:03:15+00:00","og_image":[{"width":2560,"height":850,"url":"https:\/\/media.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/General-Fusion_Hero_Image_2650x1440.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/cms.alj3.clients.lemonhq.io\/en\/news\/jimco-technology-fund-confirms-major-participation-in-us-130-million-transitional-series-e-funding-round-for-general-fusion\/","url":"https:\/\/cms.alj3.clients.lemonhq.io\/en\/news\/jimco-technology-fund-confirms-major-participation-in-us-130-million-transitional-series-e-funding-round-for-general-fusion\/","name":"JIMCO Invests in General Fusion | Abdul Latif Jameel\u00ae","isPartOf":{"@id":"https:\/\/10.0.2.131\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cms.alj3.clients.lemonhq.io\/en\/news\/jimco-technology-fund-confirms-major-participation-in-us-130-million-transitional-series-e-funding-round-for-general-fusion\/#primaryimage"},"image":{"@id":"https:\/\/cms.alj3.clients.lemonhq.io\/en\/news\/jimco-technology-fund-confirms-major-participation-in-us-130-million-transitional-series-e-funding-round-for-general-fusion\/#primaryimage"},"thumbnailUrl":"https:\/\/media.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/General-Fusion_Hero_Image_2650x1440.jpg","datePublished":"2021-12-06T12:27:28+00:00","dateModified":"2025-12-09T09:03:15+00:00","description":"Know how the JIMCO Technology fund invested in General Fusion and expanded its powerplant. Discover more about General Fusion's\u00a0portfolio.","breadcrumb":{"@id":"https:\/\/cms.alj3.clients.lemonhq.io\/en\/news\/jimco-technology-fund-confirms-major-participation-in-us-130-million-transitional-series-e-funding-round-for-general-fusion\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cms.alj3.clients.lemonhq.io\/en\/news\/jimco-technology-fund-confirms-major-participation-in-us-130-million-transitional-series-e-funding-round-for-general-fusion\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cms.alj3.clients.lemonhq.io\/en\/news\/jimco-technology-fund-confirms-major-participation-in-us-130-million-transitional-series-e-funding-round-for-general-fusion\/#primaryimage","url":"https:\/\/media.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/General-Fusion_Hero_Image_2650x1440.jpg","contentUrl":"https:\/\/media.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/General-Fusion_Hero_Image_2650x1440.jpg","width":2560,"height":850},{"@type":"BreadcrumbList","@id":"https:\/\/cms.alj3.clients.lemonhq.io\/en\/news\/jimco-technology-fund-confirms-major-participation-in-us-130-million-transitional-series-e-funding-round-for-general-fusion\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/10.0.2.131\/en\/"},{"@type":"ListItem","position":2,"name":"JIMCO Technology Fund confirms major participation in US$ 130 million transitional Series E funding round for General Fusion"}]},{"@type":"WebSite","@id":"https:\/\/10.0.2.131\/en\/#website","url":"https:\/\/10.0.2.131\/en\/","name":"Abdul Latif Jameel","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/10.0.2.131\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"post-meta-fields":{"_published_date":["field_6057129b493f5"],"published_date":["20211206"],"_location":["field_601267396ce72"],"location":["Monaco"],"_featured":["field_601a3b473c5c5"],"featured":[""],"_footnotes":["field_66fd39afb9383"],"footnotes":[""],"_business_sector":["field_66f6b5bcac8cb"],"business_sector":["Corporate"],"_content_series":["field_66fe3c439f8f6"],"content_series":[""],"_old_post_id":["field_66fe3fd59f8f7"],"old_post_id":["94881"],"_short_title":["field_60925d67125ef"],"short_title":["JIMCO Technology Fund invests in General Fusion"],"_summary":["field_6019304103a20"],"summary":["JIMCO Technology Fund confirmed its participation with an investment in General Fusion, as it announced the closing of Series E financing round of US$ 130 million.\u00a0"],"_mobile_featured_image":["field_66f6b4bee65f3"],"mobile_featured_image":["https:\/\/media.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/General-Fusion_Hero_Image_2650x1440.jpg"],"_push_notification":["field_66f6b47de65f1"],"push_notification":[""],"_publish_mobile":["field_66f6b491e65f2"],"publish_mobile":[""],"_status":["field_652694983fe12"],"status":["publish"],"_thumbnail_id":["4041"],"_wp_page_template":["default"],"_wpml_word_count":["{\"total\":526,\"to_translate\":{\"ar\":526,\"zh-hans\":526,\"fr\":526,\"ja\":526,\"es\":526,\"tr\":526}}"],"amazonS3_cache":["a:10:{s:121:\"\/\/cms.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/Hayy-Jameel-Jeddah.-Photo-by-Mohammed-Alaskandrani6-scaled-2.jpg\";a:2:{s:2:\"id\";s:4:\"4790\";s:11:\"source_type\";s:13:\"media-library\";}s:123:\"\/\/media.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/Hayy-Jameel-Jeddah.-Photo-by-Mohammed-Alaskandrani6-scaled-2.jpg\";a:2:{s:2:\"id\";s:4:\"4790\";s:11:\"source_type\";s:13:\"media-library\";}s:114:\"\/\/cms.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/Hayy-Jameel-Jeddah.-Photo-by-Turki-Al-Angari-scaled-2.jpg\";a:2:{s:2:\"id\";s:4:\"4791\";s:11:\"source_type\";s:13:\"media-library\";}s:116:\"\/\/media.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/Hayy-Jameel-Jeddah.-Photo-by-Turki-Al-Angari-scaled-2.jpg\";a:2:{s:2:\"id\";s:4:\"4791\";s:11:\"source_type\";s:13:\"media-library\";}s:108:\"\/\/cms.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/Commonwealth-Fusion-Systems_111821_148-scaled-2.jpg\";a:2:{s:2:\"id\";s:4:\"4786\";s:11:\"source_type\";s:13:\"media-library\";}s:110:\"\/\/media.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/Commonwealth-Fusion-Systems_111821_148-scaled-2.jpg\";a:2:{s:2:\"id\";s:4:\"4786\";s:11:\"source_type\";s:13:\"media-library\";}s:108:\"\/\/cms.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/Commonwealth-Fusion-Systems_111821_136-scaled-2.jpg\";a:2:{s:2:\"id\";s:4:\"4787\";s:11:\"source_type\";s:13:\"media-library\";}s:110:\"\/\/media.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/Commonwealth-Fusion-Systems_111821_136-scaled-2.jpg\";a:2:{s:2:\"id\";s:4:\"4787\";s:11:\"source_type\";s:13:\"media-library\";}s:107:\"\/\/cms.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/Commonwealth-Fusion-Systems_111821_32-scaled-2.jpg\";a:2:{s:2:\"id\";s:4:\"4788\";s:11:\"source_type\";s:13:\"media-library\";}s:109:\"\/\/media.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/Commonwealth-Fusion-Systems_111821_32-scaled-2.jpg\";a:2:{s:2:\"id\";s:4:\"4788\";s:11:\"source_type\";s:13:\"media-library\";}}"],"_wpml_location_migration_done":["1"],"_select_category":["field_6937c5cade1ee"],"select_category":["international"],"_yoast_wpseo_title":["JIMCO Invests in General Fusion | Abdul Latif Jameel\u00ae"],"_yoast_wpseo_metadesc":["Know how the JIMCO Technology fund invested in General Fusion and expanded its powerplant. Discover more about General Fusion's\u00a0portfolio."]},"_links":{"self":[{"href":"https:\/\/cms.alj3.clients.lemonhq.io\/en\/wp-json\/wp\/v2\/pressrelease\/4039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cms.alj3.clients.lemonhq.io\/en\/wp-json\/wp\/v2\/pressrelease"}],"about":[{"href":"https:\/\/cms.alj3.clients.lemonhq.io\/en\/wp-json\/wp\/v2\/types\/pressrelease"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cms.alj3.clients.lemonhq.io\/en\/wp-json\/wp\/v2\/media\/4041"}],"wp:attachment":[{"href":"https:\/\/cms.alj3.clients.lemonhq.io\/en\/wp-json\/wp\/v2\/media?parent=4039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}