General Fusion reportedly faces pressure to go public after $51.5

Last month, Richmond, BC-based General Fusion quietly secured another $51.5 million CAD in funding, according to a Nov. 27 securities filing with Canadian regulators.

Nearly $51.1 million of that was raised via simple agreements for future equity (SAFEs), with the remainder coming in the form of warrants to purchase common shares. Sixty-seven undisclosed investors from across BC, the United States, and five other countries took part in the financing.

General Fusion is Canada’s entrant in the global race for commercially viable fusion power. This round, which was first reported by The Globe and Mail and confirmed by BetaKit, marks the firm’s second capital infusion in four months after staving off a cash crunch in early 2025.

This funding round marks the firm’s second capital infusion in