Helion Energy was founded in 2013 by Chris Pihl, David Kirtley, George Votroubek, and John Slough. In a discussion with Reuters in May 2023, Microsoft announced a purchase deal with the energy company leaving its valuation at over $570 million. Helion’s founder David Kirtley said, “The revenue feeds right back into us developing more power plants and getting fusion out on the grid both in the United States and internationally as fast as possible.” While growth is forecasted for Helion Energy the company has not officially endorsed a plan to participate in an IPO.
Helion Energy is a zero-carbon fusion power company. Per Forge data, Helion Energy has raised a total of $577.8M in funding over 7 rounds. Their latest funding was raised on Nov 5, 2021, from a Series E round. Key investors include Capricorn Investment Group and Mithril Capital Management.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
12/02/2024 | Series F-1 | $475MM | $xx.xx | $7.24B | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
6,549,131
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
12/02/2024 | Series F | $475MM | $xx.xx | $7.24B | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
6,549,131
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
09/27/2023 | Series E-1 | $35MM | $xx.xx | $5.41B | Nucor | |
Price per Share
$xx.xx
Shares Outstanding
558,015
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Nucor
|
||||||
11/05/2021 | Series E | $500MM | $xx.xx | $3.6B | Capricorn Investment Group, Dustin Moskovitz, Mithril Capital, Sam Altman | |
Price per Share
$xx.xx
Shares Outstanding
11,957,482
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Capricorn Investment Group, Dustin Moskovitz, Mithril Capital, Sam Altman
|
||||||
01/01/2020 | Series D | $39.82MM | $xx.xx | $1.25B | Dustin Moskovitz | |
Price per Share
$xx.xx
Shares Outstanding
1,747,392
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Dustin Moskovitz
|
||||||
01/01/2019 | Series C | $10MM | $xx.xx | $516.2MM | Capricorn Investment Group | |
Price per Share
$xx.xx
Shares Outstanding
1,075,163
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Capricorn Investment Group
|
||||||
06/09/2015 | Series B | $21.23MM | $xx.xx | $37.88MM | Capricorn Investment Group | |
Price per Share
$xx.xx
Shares Outstanding
30,098,398
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Capricorn Investment Group
|
||||||
08/14/2014 | Series A-2 | $49,989.70 | $xx.xx | $22.09MM | Mithril Capital Management, Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
308,008
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Mithril Capital Management, Y Combinator
|
||||||
08/14/2014 | Series A | $1.25MM | $xx.xx | $22.09MM | Mithril Capital Management, Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
1,741,674
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Mithril Capital Management, Y Combinator
|
||||||
08/14/2014 | Series A-1 | $199,997.29 | $xx.xx | $22.09MM | Mithril Capital Management, Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
77,002
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Mithril Capital Management, Y Combinator
|