The largest this week:
🇺🇸 Commonwealth Fusion Systems - a nuclear fusion startup using high-temperature superconducting (HTS) magnet technology raised $1.8B to commercialize fusion nuclear energy by 2030. The round was led by Tiger Global Management with participation by new investors, including Bill Gates; Coatue; DFJ Growth; Emerson Collective; Footprint Coalition; Google; JIMCO Technology Fund, part of JIMCO, the Jameel Family's global investment arm; John Doerr; JS Capital; Marc Benioff's TIME Ventures; Senator Investment Group; a major university endowment; and a pension plan; as well as current investors, including Breakthrough Energy Ventures; The Engine; Eni; Equinor Ventures; Fine Structure Ventures; Future Ventures; Hostplus; Khosla Ventures; Lowercarbon; Moore Strategic Ventures; Safar Partners; Schooner Capital; Soros Fund Management LLC; Starlight Ventures; Temasek; and others.
🇺🇸 PresenceLearning - a company that delivers live online speech and occupational therapy and other related services to schools and families across the US - raised a $350M funding round from twelve investors according to an SEC filing.
🇨🇳 WM Motor - an electric vehicle car manufacturer - raised a $152M Series D funding round from Agile Group. WM Motor also raised a $305M Series D funding in October. This represents the second largest investment towards a Chinese EV company after the capital raised by Leapmotor.
Other notable impact deals:
🇺🇸 General Fusion - a nuclear fusion startup - raised a $130M Series E round from Temasek BDC, GIC, Bezos Expeditions, Kam Ghaffarian, Segra, Thistledown capital, and Jameel Investment Management Company.
🇮🇹 Energydome - an energy storage startup - raised a $11M Series A round from 360 Capital Partners, Barclays, Third Derivative, and Novum Capital. Italian impact startups raised over $92M this year, over 3x more compared to last year.
🇩🇪 Everphone - Lends and refurbishes phones for businesses - raised a $65M Series C round at a $170M valuation from Deutsche Telekom, Deutsche Bank, The Phoenix Insurance Company, Cadence Growth Capital. Everphone also raised $135M in debt financing.
🇺🇸 The Demex Group - a climate-driven insurance company - raised $9M in Series A funding from Anthemis Group, IA Capital Group, QBE Ventures and Blue Bear Capital. We track 14 insurtech companies addressing climate risk, with Kettle and Descartes Underwriting being the most valuable before The Demex Group.
🇳🇱 Pieter Pot - packaging-free online supermarket - raised a €9M round from ETF Partners, SHIFT Invest, The Future Food Fund and IQ Capital to expands its operations in France, UK, Germany and Scandinavia. Pieter Pot is now the #2 most valuable sustainable food tech startup in Rotterdam.
Read up on all the latest impact deals in Dealroom.co
