LPPFusion

LPPFusion

Growth Stage

Good Bye Fossil Fuels - Hello Fusion Energy!

Overview

Raised to Date: Raised: $126,031

Total Commitments ($USD)

Platform

Wefunder

Start Date

03/03/2024

Close Date

07/01/2024

Min. Goal
$50,006
Max. Goal
$4,765,002
Min. Investment

$100

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$22.00

Pre-Money Valuation

$74,300,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/17/2024

Days Remaining

44

% of Min. Goal

252%

% of Max. Goal

3%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,680

# of Investors

151

Momentum
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Year Founded

2003

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

LAWRENCEVILLE PLASMA PHYSICS, INC., New Jersey

Business Type

Growth

LPPFusion, with a valuation of $74.3 million, is raising funds on Wefunder. The company is developing the densest form of fusion energy, which recreates the power of the sun on Earth. LPPFusion’s technology is focused, safe, clean, and cheap and has reported the highest fusion energy output per unit energy input and highest plasma purity compared to any private fusion experiment. The technology has several patents issued and aims to replace fossil fuels with cheap and zero-pollution fusion energy. Eric J. Lerner and Rudolph Fritsch founded LPPFusion in May 2003. The current crowdfunding campaign has a minimum target of $50,006 and a maximum target of $4.8 million. The campaign proceeds will be used for personnel, new equipment, operating expenses, initiating engineering development, setting up a second laboratory outside the US, and reserves.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$100,341

$9,669

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-537,119

$-598,414

Summary Balance Sheet

FY 2023 FY 2022

Cash

$14,864

$88,713

Accounts Receivable

$0

$0

Total Assets

$411,739

$435,792

Short-Term Debt

$75,038

$49,081

Long-Term Debt

$58,394

$0

Total Liabilities

$133,432

$49,081

Financials as of: 03/03/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
LPPFusion 06/30/2024 Wefunder $74,300,000 $126,031 Equity - Common Active RegCF
LPPFusion 12/14/2023 Wefunder $67,920,000 $477,859 Equity - Common Funded RegCF
LPPFusion 12/08/2022 Wefunder $68,753,200 $311,759 Equity - Common Funded RegCF
LPPFusion 08/14/2021 Wefunder $49,000,000 $615,750 Equity - Common Funded RegCF
LPPFusion 02/28/2020 Wefunder $49,000,000 $575,750 Equity - Common Funded RegCF
LPPFusion 04/29/2018 Wefunder $37,525,500 $996,250 Equity - Common Funded RegCF
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Price per Share History

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

Valuation History

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.

Employee History

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LPPFusion on Wefunder 2024
Platform: Wefunder
Security Type: Equity - Common
Valuation: $74,300,000
Price per Share: $22.00

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