Cologne/Hamburg, April 1, 2025 - YPOG has advised the European Innovation Council (EIC) Fund, an initiative of the European Commission, on the second closing of the Series B financing round of Munich-based fusion energy company Marvel Fusion GmbH. The second closing secured EUR 50 million, bringing the total volume of the Series B funding to EUR 113 million.
This transaction marks the EIC Fund’s first investment in a fusion energy company. Alongside the EIC Fund, other investors participating in the round include EQT Ventures, Siemens Energy Ventures as well as existing investors Tengelmann Ventures and Bayern Kapital.
Marvel Fusion is developing a laser-based technology that uses high-energy lasers to trigger nuclear fusion in a targeted manner, with the goal of generating clean and reliable energy. The newly secured funding will support Marvel Fusion in advancing its innovative technologies and transitioning from the research and development phase to industrial implementation. Key initiatives include the ongoing construction of a USD 150 million laser facility in collaboration with Colorado State University and the expansion of its industrial partnership with Siemens Energy.
With a vision to establish itself as a leading technology provider in the field of fusion energy, Marvel Fusion aims to scale fusion as a sustainable energy source through strategic partnerships with plant builders and operators. The company has now raised around EUR 385 million in total funding, comprising around EUR 170 million in private capital and EUR 215 million from public projects, making it the best-funded fusion energy company in Europe.
Team
Dr. Johannes Janning (Lead, Transactions), Partner, Cologne
Laura Franke (Transactions), Senior Project Lawyer, Cologne
Dr. Lutz Schreiber (IP/IT/Data Protection), Partner, Hamburg
Dr. Florian Wittner (IP/IT/Data Protection), Associate, Hamburg
About European Innovation Council (EIC Fund)
The EIC Fund is the venture arm of the European Innovation Council (EIC). It was set up as a capital fund under private law with the European Commission as a shareholder to fund companies selected under the EIC Accelerator. With a budget of over €10 billion, the European Innovation Council strengthens Europe’s leadership in deep tech innovation by generating a pipeline of startups with the potential to become unicorns. The EIC Fund bridges the funding gap for deep tech European startups that have market-creating potential but carry a high risk for private and public investors. The fund supports these companies with long-term capital to minimize this risk.
