Latest / The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup Milestones
How Thea Energy Raises 100 Million for Fusion Startup
On today's episode of The Series A Show, Lucas and Luna break down how Princeton-based Thea Energy just raised $100 million to become one of the top-funded fusion startups. They explore the company's unique approach using stellarators instead of tokamaks, how the team convinced deep-pocketed VCs like Bill Gates's Breakthrough Energy Ventures and DCVC to invest, and what the broader fusion landscape looks like in May 2026. They also discuss the role of government grants versus private capital, the timeline to commercial power, and why some investors are now betting big on fusion…
The skinny
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