# First Light Fusion funding: rounds and investors

> First Light Fusion has raised $167M across 4 rounds since 2015. Investors include IP Group, Tengxun Touzi and Parkwalk. Every round with its source.

Source: https://millionrounds.com/company/first-light-fusion (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Venture startup](https://millionrounds.com/companies)

# Who invested in *First Light Fusion*

4 rounds we have observed, with the 6 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Cleantech Energy

Raised 7 months ago

Funding summary Updated 26 Oct 2026

**$167M** raised across 4 rounds since 2015, from 4 sources

**$36M** Venture **$45M** Round **$62M** Round **$25M** Venture

- **Latest round:** Venture, $25M Apr 2026
- **Biggest round:** $62M Round · Feb 2025
- **Investors:** 6

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2015 2017 2019 2021 2023 2025

**$36M** Venture

**$45M** Round

**$62M** Round

**$25M** Venture

- **First round:** Venture, $36M
- **Biggest round:** $62M
- **Usual gap between rounds:** 3.3 years

## The rounds

- **Apr 2026** Venture **$25M** *3 new* *2 returning* [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) [Parkwalk](https://millionrounds.com/fund/parkwalk) [IP Group](https://millionrounds.com/fund/ip-group) [Oryx Fund](https://millionrounds.com/fund/oryx-fund) [Oxford Science Enterprises](https://millionrounds.com/fund/oxford-science-enterprises) Also list them on their own site [East X Ventures](https://millionrounds.com/fund/east-x-ventures) Source recorded
- **Feb 2025** Round **$62M** *1 new* *1 returning* [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) [IP Group](https://millionrounds.com/fund/ip-group) Reported by TechStartups
- **Nov 2021** Round **$45M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet
- **Aug 2015** Venture **$36M** *2 new* [IP Group](https://millionrounds.com/fund/ip-group) [Invesco Asset](https://millionrounds.com/fund/invesco-asset) From a historical funding record

## Funding filed with regulators

First Light Fusion filed 5 raises, $78M in all. Filings say how much was sold and to how many investors; they never name the investors.

- Apr 2026 **$34M** UK share allotment
- Jan 2022 **$2.7M** UK share allotment
- Jan 2022 **$6.9M** UK share allotment
- Dec 2021 **$5.0M** UK share allotment
- Nov 2021 **$30M** UK share allotment

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Venture** 2015 **Round** 2021 **Round** 2025 **Venture** 2026 [IP Group](https://millionrounds.com/fund/ip-group) [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) [Parkwalk](https://millionrounds.com/fund/parkwalk) [Oryx Fund](https://millionrounds.com/fund/oryx-fund) [Oxford Science Enterprises](https://millionrounds.com/fund/oxford-science-enterprises) [Invesco Asset](https://millionrounds.com/fund/invesco-asset)

## Everyone who backed them

[IP Group](https://millionrounds.com/fund/ip-group) VC firm **3** rounds

[Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) VC firm **2** rounds

[Parkwalk](https://millionrounds.com/fund/parkwalk) VC firm **1** round

[Oryx Fund](https://millionrounds.com/fund/oryx-fund) VC firm **1** round

[Oxford Science Enterprises](https://millionrounds.com/fund/oxford-science-enterprises) VC firm **1** round

[Invesco Asset](https://millionrounds.com/fund/invesco-asset) Growth equity **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=first-light-fusion).

## Also claim to have backed them

These 3 firms list First Light Fusion as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Hambro Perks](https://millionrounds.com/fund/hambro-perks) VC firm Per its own site

[Touchstone Innovations](https://millionrounds.com/fund/touchstone-innovations) VC firm Per its own site

[East X Ventures](https://millionrounds.com/fund/east-x-ventures) VC firm 2026, per its site

## Quick answers about First Light Fusion

### Who invested in First Light Fusion?

First Light Fusion's investors include IP Group, Tengxun Touzi, Parkwalk, Oryx Fund and Oxford Science Enterprises, and 1 more on record.

### How much has First Light Fusion raised?

First Light Fusion has raised $167M across 4 rounds since 2015.

### When did First Light Fusion last raise?

First Light Fusion's most recent round was a Venture of $25M in Apr 2026.

### What was First Light Fusion's biggest round?

First Light Fusion's largest round on record is $62M, in Feb 2025.

### Who backed First Light Fusion first?

First Light Fusion's first round on record, in Aug 2015, was backed by IP Group and Invesco Asset.

### What stage is First Light Fusion at?

First Light Fusion's latest named round is a Venture, in Apr 2026.

### Where is First Light Fusion based?

First Light Fusion is based in the United Kingdom.

## Companies like First Light Fusion

In the same sector, and raised in the last eighteen months.

[**Go Eve** $6.1M · Oct 2026](https://millionrounds.com/company/go-eve)[**novosound** $8.7M · Sept 2026](https://millionrounds.com/company/novosound)[**Dragonfly Advanced Materials** $2.0M · Sept 2026](https://millionrounds.com/company/dragonfly-advanced-materials)[**Metris Energy** $7.5M · Sept 2026](https://millionrounds.com/company/metris-energy)[**AcouBatt** $3.0M · Sept 2026](https://millionrounds.com/company/acoubatt)[**Myriad Wind Energy Systems** $1.8M · Sept 2026](https://millionrounds.com/company/myriad-wind-energy-systems)

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