EIC Fund invests over € 50 million in Series B of Marvel Fusion

Cologne/Hamburg — YPOG advi­sed the Euro­pean Inno­va­tion Coun­cil (EIC Fund), an initia­tive of the Euro­pean Commis­sion, on the second closing of the Series B finan­cing round of the Munich-based fusion energy company Marvel Fusion GmbH. The second closing raised appro­xi­m­ately EUR 50 million, brin­ging the total finan­cing volume of the Series B round to appro­xi­m­ately EUR 113 million. This tran­sac­tion marks EIC Fund’s first invest­ment in a company in the fusion energy sector. In addi­tion to EIC Fund, EQT Ventures, Siemens Energy Ventures and exis­ting inves­tors Tengel­mann Ventures and Bayern Kapi­tal also invested. 

Marvel Fusion is deve­lo­ping a laser-based tech­no­logy that uses high-energy lasers to trig­ger targe­ted nuclear fusion to gene­rate clean and relia­ble energy. The new funding will support Marvel Fusion in the further deve­lo­p­ment of its inno­va­tive tech­no­lo­gies and in the tran­si­tion from the rese­arch and deve­lo­p­ment phase to indus­trial imple­men­ta­tion. This includes, in parti­cu­lar, the ongo­ing cons­truc­tion of a laser faci­lity costing around 150 million US dollars in part­ner­ship with Colo­rado State Univer­sity and the deepe­ning of the indus­trial part­ner­ship with Siemens Energy. 

Marvel Fusion’s goal is to estab­lish itself as a leading tech­no­logy provi­der in the field of fusion energy and to scale fusion as a sustainable energy source through stra­te­gic part­ner­ships with power plant buil­ders and opera­tors. With total funding of around EUR 385 million (of which around EUR 170 million is private capi­tal and EUR 215 million from public projects), Marvel Fusion is Europe’s best-funded company in the field of fusion energy. 

Advi­sor EIC Fund: YPOG

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 estab­lished as a private sector
capi­tal fund with the Euro­pean Commis­sion as share­hol­der to finance companies
selec­ted in the EIC Acce­le­ra­tor. With a budget of over €10
billion, the Euro­pean Inno­va­tion Coun­cil streng­thens Europe’s leading role in deep-tech
inno­va­tion, bridging funding gaps for Euro­pean deep-tech start-ups with
market-chan­­ging poten­tial but high risk for private and public inves­tors. Through
long-term orien­ted capi­tal, the EIC Fund supports these compa­nies in mini­mi­zing these
risks.
https://eic.ec.europa.eu/eic-fund_en

About YPOG
YPOG stands for You + Part­ners of Game­ch­an­gers and forward-looking tax and legal advice.
The firm advi­ses compa­nies focu­sed on future tech­no­lo­gies with the aim of using change as an oppor­tu­nity to
create opti­mal solu­ti­ons toge­ther. The YPOG team offers compre­hen­sive exper­tise in
the areas of Funds, Tax, Tran­sac­tions, Corpo­rate, Banking, Regu­la­tory + Finance, IP/IT/Data Protection,
Liti­ga­tion as well as Corpo­rate Crime + Compli­ance + Inves­ti­ga­ti­ons. YPOG is one of the leading addres­ses in Germany for venture capi­tal, private equity, fund struc­tu­ring and appli­ca­ti­ons of distri­bu­ted ledger tech­no­logy (DLT) in finan­cial services. YPOG employs more than 150 expe­ri­en­ced lawy­ers, tax advi­sors and tax specia­lists as well as a notary in its offices in Berlin, Hamburg, Colo­gne and Munich. 

www.ypog.law