Fuse Energy Raises $30 Million at $5 Billion Valuation After Hitting $550 Million ARR
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Fuse Energy announced that it has reached $550 million in annual recurring revenue, turned profitable and raised another $30 million at a $5 billion valuation.
The three-year-old company said 20VC Fund and Collaborative Fund joined existing Series B investors, bringing the total round to $151 million. Fuse Energy also said it now has 300,000 customers and that revenue grew by more than 700% last year.
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@sebjohnsonukFuse Energy is one of the UK's fastest growing companies, if not the fastest. It has JUST announced: > hitting $550m of ARR > achieving profitability > raising another $30m! The company is just three years old. @20vcFund (@HarryStebbi