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17 Mar 2023

Stephenson Harwood advises Renaissance Fusion on €15 million fundraising

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Law firm Stephenson Harwood LLP has supported Renaissance Fusion on its recent €15 million fundraising.

This transaction aligns with France's wider strategy, France Relance – a recovery investment plan which addresses Covid 19's economic impact on the country.

Founded in Grenoble in 2020 by the physicists Francesco Volpe and Martin Kupp, Renaissance Fusion is a nuclear fusion research and technology company. It is working on the development of nuclear fusion reactors which are based on a stellarator structure and will provide a sustainable and abundant source of electricity. The company is also developing and commercialising breakthrough innovations in high-temperature superconductors, magnets, and liquid metals for the fusion sector and other industries.

This round of financing – from a group of prominent investors including Lowercarbon Capital, HCVC, Positron Ventures and Norssken – will enable the company to expand its workforce and develop its prototype plasma confinement magnets - focusing on medical imaging and energy storage.

Stephenson Harwood's multidisciplinary team was led by Paris-based private equity partner Clotilde Billat, who was supported by corporate associate Ali Hilass, tax associate Omar El Arjoun, and of counsel Ezio Dal Maso, who advised on the financing aspects.

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