Fuse Energy raises $30M Series B extension led by 20VC and Collaborative Fund

What's the deal? London-based energy company Fuse Energy has closed a €25M ($30M) Series B extension led by new investors 20VC and Collaborative Fund. Existing backers Balderton Capital and LowerCarbon CapitalDealroom has a profile for this one. Try Dealroom → also participated, bringing total funding to €214M ($250M).

Why now? Fuse says it has been EBITDA-positive every month since an undisclosed point, suggesting the company has hit an inflection in unit economics. The fresh capital will fund a new 32,000 sq ft London headquarters as it scales operations.

The signal: Fuse Energy's positioning as a vertically integrated renewable energy generation and supply company — now at the late growth stage according to Dealroom — helps explain why it can claim consistent EBITDA-positivity in a sector where many peers still burn cash. The entry of 20VC and Collaborative Fund alongside climate-specialist LowerCarbon Capital suggests that venture investors increasingly see profitable, vertically integrated energy plays as infrastructure bets worth backing beyond the typical software playbook.

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