Marvel Fusion
A fusion energy company developing laser-based inertial fusion technology to build commercial fusion power plants.
Marvel Fusion has raised €148M across 3 funding rounds from 23 investors, most recently a Series B round in Mar 2025. Based in Munich, Germany; active in Deeptech. Data as of 28 Oct 2026.
Munich, Germanymarvelfusion.com ↗
Total raised
€148M
€147,800,000
Funding rounds
3
Investors
23
distinct backers
Active since
2022-02
latest 2025-03
Funding by year
EUR raised per yearMarvel Fusion — funding by year — interactive chart.
Data table
| Marvel Fusion — funding by year | |
|---|---|
| 2022 | €35M |
| 2024 | €63M |
| 2025 | €50M |
Signals
High confidenceRaise-next likelihood57
base rate 48% for Series B
- ▲ In typical raise window
- ▼ Down/flat last round
- ▼ Low backer re-investment
Exit likelihood12
base rate 11% (2+ rounds)
- ▲ €100M+ raised
- ▼ No recent equity round (debt-only or quiet)
Timing: in window vs cohort gap · momentum down. Funding-only estimates, not predictions and not investment advice — see signals.
Funding rounds
3 rounds| Date | Stage | Amount | Investors | |
|---|---|---|---|---|
| 2025-03-27 | Series B | €50M | Bayern Kapital,EQT Ventures,European Innovation Council (EIC),Siemens Energy Ventures,Tengelmann Ventures | View deal → |
| 2024-09-26 | Other | €63M | Athos Capital,b2venture,Bayern Kapital,Deutsche Telekom,Earlybird Venture Capital,HV Capital+5 more | View deal → |
| 2022-02-03 | Series A | €35M | Albert Wenger,Earlybird Venture Capital,Hartmut Neven,Heinz Dürr Invest,Nicolas Berggruen Charitable Trust,Possible Ventures+4 more | View deal → |
Investors
23Albert WengerAthos Capitalb2ventureBayern KapitalDeutsche TelekomEarlybird Venture CapitalEQT VenturesEuropean Innovation Council (EIC)Hartmut NevenHeinz Dürr InvestHV CapitalNicolas Berggruen Charitable TrustPlural PlatformPossible VenturesPRIMEPULSEPrivate InvestorsSiemens Energy VenturesSPRINDSten TamkiviTaavet HinrikusTengelmann VenturesThistledown Capital
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