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CFS

CFS

Private
Devens, MassachusettsEnergy & Sustainabilityhttps://www.cfs.energy

Last Round

Series B

Extension

Aug 28, 2025

Est. Valuation

$5B

Total Funding Raised

$3.76B

Company Overview

Commonwealth Fusion Systems is an energy technology company focused on designing and constructing fusion machines that deliver limitless, clean energy while leveraging advanced magnet technology to combat climate change.

Sector

Energy & Sustainability

Verticals

Renewable Energy, Advanced Materials, Smart Grid

Business Model

B2G

Customer Profile

Government Contracts, Hardware Sales

AI Layer

Non-AI

Keywords

fusion energytokamaknuclear fusionhigh-temperature superconducting magnetsHTS magnetsfusion power plantcompact tokamakbaseload powernet energy gaincommercial fusionclean energyfusion reactorpower purchase agreementPPAcarbon-free energydigital twin

Historical Pricing

Historical view of private secondary pricing and transaction trends.

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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CFS Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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CFS Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Series B ExtensionAug 28, 2025
Series AMay 13, 2025
Series BDec 1, 2021
Series A ExtensionMay 26, 2020
Series AJun 27, 2019

Key People

Founding team and executive leadership

Robert Mumgaard

CEO

Executive Team

Julian Soell

Chief Operating Officer

Executive Team

CFS Investors

Notable investors and investment history

InvestorRounds
One Madison GroupSeries B
Development Bank of JapanSeries B
Counterpoint GlobalSeries B Extension
Fine Structure VenturesSeries A Extension, Series B
Fujikura Ltd.Series B, Series B Extension
TemasekSeries B, Series A Extension
Future VenturesSeries A Extension, Series B, Series A, Series B Extension

Market signals

Structured signals derived from secondary market and firmographic data.

  • Apr 21, 2026

    Experts gathered for the second Boundary Collaborators Workshop.

  • Mar 4, 2026

    SPARC tokamak assembly underway, targeting 140MW fusion power.

CFS Filings

SEC and related filings with document metadata.

TypedDateAmount OfferedAmount SoldFillingPagesDownload
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CFS Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about CFS's valuation, stock price, and market status.

Firmographic Details

HeadquartersDevens, Massachusetts
Employee Range1,081
Year Founded2018
Last FundingAug 28, 2025

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Disclaimer All investments involve risk, including the risk of loss of principal. You should carefully consider your investment objectives, risks, transaction costs and other expenses before deciding to invest in options, swaps or other investments.This does not constitute an offer by Caplight Technologies, Inc. to sell, or a solicitation of an offer to buy, any securities and may not be used or relied upon in connection with any offer or sale of securities. An offer or solicitation can be made only through the delivery of final offering document(s) and purchase agreement(s), and will be subject to the terms and conditions and risks delivered in such documents. Any securities offered are offered through Caplight Markets LLC, member FINRA/SIPC.