LPPFusion
Growth Stage
Green Fusion Energy Generator: the power of the sun recreated on Earth
Overview
Raised: $311,759
Total Commitments ($USD)
Platform
Wefunder
Start Date
07/04/2022
Close Date
12/09/2022
Min. Goal
$200,000
Max. Goal
$4,000,000
Min. Investment
$200
Security Type
Equity - Common
Series
Series A
SEC Filing Type
RegCF
Price Per Share
$200.00
Pre-Money Valuation
$68,753,200
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/31/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,973
# of Investors
386
Momentum
Funded
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Year Founded
2003
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
LPP Fusion, with a valuation of $68.8 million, is raising funds 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. LPP Fusion has reported the highest fusion energy output per unit energy input compared to any private fusion experiment. Eric J. Lerner and Rudolph Fritsch founded LPP Fusion in 2003. The current crowdfunding campaign has a minimum target of $200,000 and a maximum target of $4,000,000. The campaign proceeds will be used for personnel, new equipment, operating expenses, engineering development, and reserves.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$2,432 |
$1,125 |
| ||
| ||
|
Net Income |
$-702,312 |
$-737,056 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$254,143 |
$246,004 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$651,669 |
$624,019 |
|
Short-Term Debt |
$11,989 |
$247,480 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$11,989 |
$247,480 |
Financials as of: 07/04/2022
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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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