About this raise

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.

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Investment Overview

Invested this round: $311,759

Deal Terms

Total Commitments

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

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$200.00

Pre-Money Valuation

$68,753,200

Company & Team

Company

Year Founded
2003
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Location
LAWRENCEVILLE PLASMA PHYSICS, INC., New Jersey
Business Type
Growth
Company Website
Visit Website

Team

Employees
7
Prior Founder Exits?
No
Founder Name
Eric Lerner
Title
President

Financials

 Revenue
$0
 Monthly Burn
$58,526
 Runway
4.3 months

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$9,267,029
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
07/07/2025 Wefunder $85,755,000 $123,179 Equity - Preferred Active RegCF
12/16/2024 StartEngine $84,427,750 $33,405 Equity - Common Not Funded RegCF
09/15/2024 Wefunder $74,300,000 $550,578 Equity - Common Funded RegCF / RegD 506(c)
12/15/2023 Wefunder $67,920,000 $477,859 Equity - Common Funded RegCF
12/09/2022 Wefunder $68,753,200 $311,759 Equity - Common Funded RegCF
08/15/2021 Wefunder $49,000,000 $615,750 Equity - Common Funded RegCF
02/29/2020 Wefunder $49,000,000 $575,750 Equity - Common Funded RegCF
04/30/2018 Wefunder $37,525,500 $996,250 Equity - Common Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Add to portfolio
LPPFusion on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Common
Valuation: $68,753,200
Price per Share: $200.00

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