Parkwalk initially invested in June 2011 alongside IP Group plc and Technikos when the company was spun-out of the University of Oxford.

This funding round was priced at 8.5x our original investment level (12.2x inclusive of EIS initial tax relief) and 7.7x (11.1x inclusive of EIS initial tax relief) our second investment in October 2013.

First Light has discovered new implosion processes that can achieve the high temperatures and compression necessary for fusion reactions and other valuable applications. The Company’s approach has the potential to dramatically shorten the timescale and cost of achieving practical and affordable fusion energy. This fundraising will allow First Light to further develop its modelling tools and experimental capability and will fund collaborations with leading research groups in the field.

The Company has also announced today that it has established a Scientific Advisory Board to provide technical input and governance for its ongoing development programme. The Board is chaired by Arun Majumdar, who is the Jay Precourt Professor at Stanford University, and consists of eminent figures in energy innovation including Nobel laureate Steven Chu, the former US Energy Secretary.

Investors in the financing round include IP Group plc, a fund managed by Invesco Asset Management Limited, clients advised or managed by Sandaire Investment Office and the University of Oxford.

The full press release can be seen here.                

Visit the First Light Fusion website here.

This financial promotion is issued by Parkwalk Advisors Limited (Parkwalk), which is authorised and regulated by the Financial Conduct Authority.  Investments referred to in this newsletter are not suitable for all investors.  Interested parties are strongly recommended to seek specialist financial and tax advice before investing in any product.  Capital is at risk and investors may not get back the full amount invested. Tax treatment depends on the individual circumstances of each investor and may be subject to change. Past performance is not a reliable indicator of future results, and the value of investments may go down as well as up. Projections and forecasts are also not a reliable indicator of future performance. Investments in small and unquoted companies carry a higher risk than many other forms of investment. Any investment in a Parkwalk product must only be made on the basis of the terms of the full Information Memorandum. Parkwalk is not able to provide advice as to the suitability of investing in any product.