Thursday, May 5, 2011

Bezos Backs Fusion Power Firm

Bezos Expeditions, the investment firm of Amazon founder Jeff Bezos, has backed Burnaby, British Columbia-based General Fusion. General Fusion, which says it is commercializing fusion energy technology, said it raised $19.5M in a Series B round today. The round included news investors Cenovus Energy and Bezos Expeditions, along with existing investors Chrysalix Energy Venture Capital, GrowthWorks, Braemar Energy Ventures, Entrepreneurs Fund, Business Development Bank of Canada (BDC), and SET Venture Partners. More information »