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StocksMedium•21 April 2026•

1 min read

First Light Fusion Secures £25m Funding to Advance Fusion Energy Technology

Key Facts

1First Light Fusion, an IP Group portfolio company, raised £25 million in the first close of a new funding round.

2The round was led by East X Ventures via the Starmaker One fund, with strategic investment from the UK Atomic Energy Authority (UKAEA).

First Light Fusion, a key portfolio company of IP Group PLC, has successfully secured £25 million in the first close of its latest funding round. The investment was led by East X Ventures through the Starmaker One fund, featuring strategic participation from the UK Atomic Energy Authority (UKAEA). These funds are earmarked to accelerate the development and commercialization of the company’s proprietary inertial fusion energy technology. This capital injection underscores growing investor confidence in fusion as a viable clean energy solution for the future. For IP Group, this milestone validates the valuation and technological progress of its high-growth investments. The partnership between private venture capital and public atomic energy authorities marks a significant step forward for the UK's energy tech ecosystem.