"ENN Fusion" has completed its Pre-A round of financing, with a post-money valuation exceeding 10 billion yuan.

36Kr learned that recently, Beijing ENN Fusion Energy Technology Co., Ltd. completed its first round (Pre-A) of financing, with a post-money valuation of 10.6 billion yuan. This round of financing was led by Loongson Venture Capital, co-led by CAS Star and Matrix Partners China, with participation from CDH Investments, Cathay Capital, SAIC Hengxu Capital, Legend Star, China Merchants Zhiyuan, and E-Town Capital. ENN stated that it will accelerate the commercialization of fusion energy.