Fuse Energy
About Fuse Energy
Fuse Energy is a Energy Transition startup based in London, United Kingdom that has raised $250M in venture capital across 4 funding rounds since 2022. The company reached Series B stage in 2022 with a $78M round led by Balderton Capital. Fuse Energy's investor base includes 9 institutional funds, with Balderton Capital leading the most recent equity round.
Fuse Energy is a vertically integrated renewable energy company built by former Revolut executives that owns and operates solar and wind generation assets, runs its own energy trading desk, and supplies electricity and gas directly to over 300,000 UK households via a digital platform — from source to socket. The London-based company surpassed $500M ARR by June 2026, achieved EBITDA profitability every month since December 2025, and grew 32% in Q1 2026 alone, positioning itself as the UK's fastest-growing energy supplier. Founded in 2022 by Alan Chang (CEO, former Revolut CRO) and Charles Orr, Fuse Energy has raised approximately $250M across its Series A led by Balderton Capital, a follow-on bridge, a $70M Series B at a $5B valuation, and a €25M Series B extension backed by 20VC and Collaborative Fund.
Fuse Energy Funding Rounds Timeline
4 rounds · $250M raised · since 2022
| Round | Date | Amount | Valuation | Lead investor | Co-investors |
|---|---|---|---|---|---|
| Series A | 2022 | $78M | — | Balderton Capital | Lakestar, LowerCarbon Capital, Accel, Creandum, Ribbit Capital |
| Bridge | July 2025 | $9.5M | — | LowerCarbon Capital | Balderton Capital |
| Series B | December 2025 | $70M | $5B | Balderton Capital | LowerCarbon Capital, Ribbit Capital, Lakestar, Future Positive Capital, Creandum, Accel |
| Series B Extension | June 2026 | $30M | — | 20VC | Collaborative Fund, Balderton Capital, LowerCarbon Capital |
Investors in Fuse Energy
9 institutional investors across 4 rounds
Lead investors
Co-investors
Recent news about Fuse Energy
Questions about Fuse Energy
How much has Fuse Energy raised?
Fuse Energy has raised $250M across 4 funding rounds since 2022.
Who are the investors of Fuse Energy?
Fuse Energy's investors include Balderton Capital, LowerCarbon Capital, 20VC, Collaborative Fund, Ribbit Capital, Lakestar, Future Positive Capital, Creandum, Accel.
When was Fuse Energy's last funding round?
Fuse Energy's most recent round was a $78M Series A in 2022, led by Balderton Capital.
What is Fuse Energy's valuation?
Fuse Energy reached a $5B valuation (unicorn status) with its Series A round in 2022.
Where is Fuse Energy headquartered?
Fuse Energy is headquartered in London, United Kingdom, and was founded in 2022 by Alan Chang, Charles Orr.