United Kingdom · Funded startup

Who invested in Tokamak Energy

2 rounds we have observed, with the 0 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.

Energy

Funding summaryUpdated 5 Nov 2026

$12Mraised across 2 rounds since 2024, from 2 sources

$8.1MRound$3.7MRound
Latest round
Round, $3.7MJun 2025
Biggest round
$8.1MRound · Aug 2024
Investors
0
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.

2025
$8.1MRound$3.7MRound
First round
Round, $8.1M
Aug 2024
Biggest round
$8.1M
Round · Aug 2024
Between rounds
10 months
from the last two

The rounds

  1. Jun 2025
    Round$3.7M

    No investor was named in the report.

    Shares issued, filed with Companies House (SH01); no report of this raise yet

  2. Aug 2024
    Round$8.1M

    No investor was named in the report.

    Shares issued, filed with Companies House (SH01); no report of this raise yet

Funding filed with regulators

Tokamak Energy filed 2 raises, $12M in all. Filings say how much was sold and to how many investors; they never name the investors.

  1. Jun 2025$3.7MUK share allotment
  2. Aug 2024$8.1MUK share allotment

Founders and team

From Tokamak Energy's own website: 10 on the team.

  • Warrick MatthewsChief Executive Officer
  • Dr Mikhail GryaznevichChief Scientist
  • Daniel FreemanNon-Executive Director
  • Dr Chris MartinChairman
  • Dr Ross MorganManaging Director of Fusion
  • Erik BoninoNon-Executive Director
  • Martin KleppeNon-Executive Director
  • Rory Scott RussellNon-Executive Director
  • Sir David HardingNon-Executive Director
  • Thomas PfistererNon-Executive Director

AdvisersDr David Kingham

Also claim to have backed them

These 2 firms list Tokamak Energy 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.

LingottoAsset managerPer its own site
East X VenturesVC firm2022, per its site

Quick answers about Tokamak Energy

How much has Tokamak Energy raised?

Tokamak Energy has raised $12M across 2 rounds since 2024.

When did Tokamak Energy last raise?

Tokamak Energy's most recent round, $3.7M, was in Jun 2025.

What was Tokamak Energy's biggest round?

Tokamak Energy's largest round on record is $8.1M, in Aug 2024.

Where is Tokamak Energy based?

Tokamak Energy is based in the United Kingdom.

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