Capital enables full private match for Washington State Green Jobs grant and supports buildout of Avalanche’s commercial FusionWERX test facility
SEATTLE, Feb. 3, 2026 — Avalanche Energy, a fusion energy startup developing modular compact fusion machines, today announced $29 million in new funding led by RA Capital Management. New investors include 8090 Industries, Overlay Capital, and others, with full participation from existing investors Congruent Ventures, Founders Fund, Lowercarbon Capital, and Toyota Ventures, demonstrating increased confidence in Avalanche’s technical progress and commercial roadmap.