Type One Energy: Funding, Investors & Team (Oct 2026)
Type One Energy Group is mission-driven to provide sustainable, affordable fusion power to the world. The company was formed in 2019 by a team of globally-recognized fusion scientists with a strong track record of building state-of-art stellarator fusion machines, together with veteran business leaders experienced in successfully scaling companies and commercializing energy technologies. Type One Energy applies proven advanced manufacturing methods, modern computational physics and high-field superconducting magnets to develop its optimized stellarator fusion energy system. Its FusionDirect development program pursues the lowest-risk, shortest-schedule path to a fusion power plant over the coming decade, using a partner-intensive and capital-efficient strategy.
Type One Energy has raised $141M across 2 funding rounds on record, the most recent an undisclosed round of $87.0M announced in Jan 2026.
That round is above the $15M median round size for Energy companies tracked on FundedIQ over the last two years.
Type One Energy Company Profile and Key Stats
Latest funding round on record: Jan 2026.
Type One Energy Funding Rounds
Type One Energy raised $53.5M in a Seed announced in Jul 2024.
1.5 years later, an undisclosed round of $87.0M was announced in Jan 2026.
Type One Energy Founders and Leadership Team
Contact details for the Type One Energy team: 1 of 1 has an email address on file.
Start 14-day free trial →Type One Energy Funding Compared to Other Energy Startups
Type One Energy's latest round of $87.0M is above the median round in Energy. Medians cover the last 24 months of disclosed rounds.
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Type One Energy Funding FAQs
What does Type One Energy do?
Type One Energy Group is mission-driven to provide sustainable, affordable fusion power to the world. The company was formed in 2019 by a team of globally-recognized fusion scientists with a strong track record of building state-of-art stellarator fusion machines, together with veteran business leaders experienced in successfully scaling companies and commercializing energy technologies. Type One Energy applies proven advanced manufacturing methods, modern computational physics and high-field superconducting magnets to develop its optimized stellarator fusion energy system. Its FusionDirect development program pursues the lowest-risk, shortest-schedule path to a fusion power plant over the coming decade, using a partner-intensive and capital-efficient strategy.
How much funding has Type One Energy raised?
Type One Energy has raised $141M across 2 rounds on record. The most recent is an undisclosed round of $87.0M announced in Jan 2026.
When did Type One Energy last raise funding?
Type One Energy's most recent funding round on record is an undisclosed round of $87.0M, announced in Jan 2026.
Who founded Type One Energy?
FundedIQ lists John Canik (Founder) at Type One Energy.
Where is Type One Energy headquartered?
Type One Energy is based in Oak Ridge, Tennessee, United States.
How many employees does Type One Energy have?
Type One Energy is in the 101-250 employee band.
How does Type One Energy's funding compare to other Energy startups?
Type One Energy's latest round of $87.0M is above the $15M median round size for Energy companies on FundedIQ across 2,284 tracked companies over the last two years.
About FundedIQ's Type One Energy Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Type One Energy is left off this page rather than filled in.
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