On May 27, 2026, Thea Energy, a technology company advancing the stellarator for the commercialization of an abundant source of baseload fusion power, announced it has raised $100 million in Series B funding that draws support from Thomas Tull’s US Innovative Technology Fund (USIT), General Innovation Capital Partners (GICP), Linse Capital, Calm Ventures, Climate Capital, Divergent Capital, Emerald Technology Ventures, Gaingels, Idemitsu Kosan, Overlay Capital, Timescale Ventures, and Whatif Ventures. Wilson Sonsini Goodrich & Rosati advised Thea Energy on the transaction.

Existing investors Alumni Ventures, Hitachi Ventures, Lowercarbon Capital, Mercator Partners, Orion Industrial Ventures, Prelude Ventures, and Starlight Ventures also participated, among others. The funding will expand Thea Energy’s magnet manufacturing capacity, fast-track the construction of its integrated fusion system, and ultimately accelerate progress toward commercial deployment.

The Wilson Sonsini team that advised Thea Energy on the transaction includes Bob O’Connor, Virginia Milner, Melissa Wright, Annie Xu, Malia Libby, and Karen Becker.

For more information, please see Thea Energy’s news release.