LPPFusion
Growth Stage
Green Fusion Energy Generator: the power of the sun recreated on Earth
Overview
Raised: $615,750
Total Commitments ($USD)
Platform
Wefunder
Start Date
03/05/2021
Close Date
08/15/2021
Min. Goal
$200,100
Max. Goal
$1,069,950
Min. Investment
$150
Security Type
Equity - Common
Series
Series A
SEC Filing Type
RegCF
Price Per Share
$150.00
Pre-Money Valuation
$49,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/31/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$3,778
# of Investors
779
Momentum
Funded
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Year Founded
2003
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
LPP Fusion, with a pre-money valuation of $49 million, is raising crowdfunding on Wefunder. The company is developing the densest form of fusion energy which is recreating the power of the Sun on the Earth. The fusion being developed by LPP Fusion is focused, safe, clean, and cheap. Eric J. Lerner and Rudolph Fritsch founded LPP Fusion in 2003. The proceeds of the current crowdfunding campaign, with a minimum raise of $200,100 and a maximum raise of $1,069,950, will be used to finance the next four months of research, purchase lab space and equipment, and initiate testing of the hydrogen-boron fuel. LPP Fusion has reported the highest fusion energy output per unit energy input compared to any private fusion experiment.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$74,384 |
$229,983 |
|
COGS |
$0 |
$0 |
|
Tax |
$128 |
$500 |
| ||
| ||
|
Net Income |
$-737,056 |
$-586,228 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$246,004 |
$59,323 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$624,019 |
$420,385 |
|
Short-Term Debt |
$247,480 |
$104,425 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$247,480 |
$104,425 |
Financials as of: 03/05/2021
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| LPPFusion | 12/15/2023 | Wefunder | $67,920,000 | $346,291 | Equity - Common | Active | RegCF |
| LPPFusion | 12/09/2022 | Wefunder | $68,753,200 | $311,759 | Equity - Common | Funded | RegCF |
| LPPFusion | 08/15/2021 | Wefunder | $49,000,000 | $615,750 | Equity - Common | Funded | RegCF |
| LPPFusion | 02/29/2020 | Wefunder | $49,000,000 | $575,750 | Equity - Common | Funded | RegCF |
| LPPFusion | 04/30/2018 | Wefunder | $37,525,500 | $996,250 | Equity - Common | Funded | RegCF |
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