Prime Impact Fund

Prime Impact Fund, established in 2018, is a $50 million catalytic capital fund dedicated to investing in transformative technology companies with the potential for gigaton-scale climate impact. The fund focuses on early-stage ventures that are unlikely to receive sufficient support from conventional investors, aiming to accelerate the development of breakthrough solutions to address climate change.

In June 2021, Prime Impact Fund led a $5.13 million seed funding round for Avalanche Energy, a Seattle-based startup developing modular compact fusion machines. This investment aligns with Prime Impact Fund's mission to support high-risk, high-reward ventures that can significantly reduce greenhouse gas emissions. Avalanche Energy's innovative approach to fusion energy, focusing on compact and scalable machines, presents a promising solution to meet the world's growing energy demands sustainably.

By investing in Avalanche Energy, Prime Impact Fund aims to accelerate the commercialization of fusion energy technologies, contributing to a low-carbon economy. This partnership underscores Prime Impact Fund's commitment to fostering innovation in the energy sector and supporting companies that have the potential to make a substantial impact on climate change mitigation.

Prime Impact Fund believes that these compact fusion machines represent a game-changing approach to energy generation. The potential to provide clean, almost limitless power without relying on fossil fuels or producing harmful emissions is a pivotal solution for meeting the world’s growing energy demands sustainably.