NearStar Fusion
About this raise
NearStar Fusion, with a valuation of $11 million, is raising funds on StartEngine. The company is working on developing a commercial fusion power plant design to create a limitless supply of clean energy for the planet. The physicists and engineers at NearStar Fusion are working on developing Hypervelocity Gradient Field Fusion as the less expensive approach to fusion by 2032. Dr. F. Douglas Witherspoon and Christopher J. Faranetta founded NearStar Fusion in April 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used for building and testing the prototype and beginning the commercial production of the hypervelocity launcher.
Investment Overview
Invested : $135,647
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 03/02/2022
- Close Date
- 06/17/2022
$10,000
$1,070,000
$300
Equity - Common
Early Stage
RegCF
$10.00
$11,000,000
Company & Team
Company
- Year Founded
- 2021
- Industry
- Energy, Power, & Natural Resources
- Tech Sector
- Distribution Model
- B2B
- Margin
- Low
- Capital Intensity
- High
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 06/17/2022 | StartEngine | $11,000,000 | $135,647 | Equity - Common | Funded | RegCF |