Crowdonomics
All companies
NearStar Fusion logo

NearStar Fusion

Operating

NearStar Fusion Inc.

Industrial & Manufacturing · Chantilly, VA · Founded 2021

Resilient Clean Energy

Post-money valuation ⓘ
$11.1M
As of Jun 2022 · from Reg CF Offering (2022) · pre-money + amount raised, not a traded price
Total raised
$367,213
Crowd $56K · Private $311K · 2 rounds since 2021
Latest share price
$10.00
Reg CF · Common Stock · Mar 2022 offering price

Financials

FY2019–FY2021 · from SEC filings · hover any figure for its source
$0
2019
$0
2020
$0
−$90K
2021
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2019 reviewed
FY2020 reviewed
FY2021 reviewed
Income statement
Revenue
$0
$0
$0
Cost of goods sold
$0
$0
$0
Net income
$0
$0
-$90,300
Taxes paid
$0
$0
$0
Balance sheet
Cash
$0
$0
$41,176
Accounts receivable
$0
$0
$0
Total assets
$0
$0
$221,176
Short-term debt
$0
$0
$0
Long-term debt
$0
$0
$0
Total liabilities
$0
$0
$0
Other
Headcount
—
8
2

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$11.0M
pre-money
Reg CF · Common · Mar 2022

Blue bars are the pre-money valuation the company stated for a priced round.

Share price over rounds

log scale
$10.00$1.6829$0.2832
Apr 2021Mar 2022
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Fundraising history

Raised $55.7K / $1.1MInvestors 163Post-money $11.1M

Team

7 people
Dr. F. Douglas WitherspoonFounder
Chairman, President & Chief Scientist

Dr. Doug Witherspoon is an experimental plasma physicist with 40+ years of research experience dedicated to applying plasma technologies to industrial, defense, space, and energy applications. He has extensive experience in pulsed power and plasma-driven accelerators, with seven patents awarded. He received his PhD in Plasma Physics from the University of Wisconsin - Madison in 1984.

Mr. Christopher J. FaranettaFounder
Co-Founder, Vice President & Director

Chris is a veteran aerospace and cleantech entrepreneur with extensive experience in commercializing deep technology and has been focused on business development in plasma technology for the last decade. He is also the Space Committee Co-Chair of the Fusion Industry Association. Prior to his work in fusion energy, he was one of the first three foreign employees of Rocket Space Corporation Energia, where he coordinated international commercial/government space cooperation efforts. Mr. Faranetta also served as Vice President of Orbital Spaceflight for Space Adventures LTD where he sold and managed private crewed missions on the Soyuz spacecraft to the International Space Station.

Christopher J. FaranettaFounder
Co-Founder, Vice President and Director
Mr. Randy E. Roy
Chief Executive Officer & Director

Randy is a cleantech entrepreneur and investor focused on developing and deploying technologies that improve energy efficiency and reduce CO2 emissions. Randy has been leading entrepreneurial teams in the cleantech space for nearly two decades. Early in his career, Randy managed a team of analysts in developing strategies for an energy trading company and remains active in electricity market transactions. Randy does not currently receive a salary for his work, as the Company is prioritizing the funds raised to pay for salaries of the scientists and consultants to perform the R&D. However, the Company anticipates paying Mr. Roy a salary only if it raises enough money to pay for the R&D required to achieve its primary research objective plus an amount to cover Mr. Roy's salary.

Randel E. Roy
Chief Executive Officer, Director, Principal Financial Officer and Principal Accounting Officer
Dr. Andrew Case
Senior Scientist, Plasma Physicist

Prior to joining HyperJet Fusion Corporation Dr. Case served as a Senior Scientist with HyperV Technologies Corp. Before joining HyperV in 2005, he worked as a postdoctoral researcher on the Maryland Centrifugal Experiment (MCX) at the Institute for Research in Electronics and Applied Physics, University of Maryland College Park. His work on MCX included designing, implementing, fabrication of components and analyzing data from magnetic diagnostics, including magnetic fluctuation probes and diamagnetic loops. At HyperV Dr. Case has designed and built a two channel quadrature heterodyne interferometer for plasma density measurements, as well as optical diagnostics for measuring velocity, and spectroscopic diagnostics to determine which species are present in the plasma. His interests outside plasma physics include space exploration, 3D printing, and history. Dr. Case received his PhD in plasma physics from the University of Maryland in 2001.

Dr. Edward J. Cruz
Senior Research Engineer and Manager Plasma Engineering, Pulsed Power Engineering

Dr. Cruz is a polymath with broad interests, and his current research focus is on nuclear fusion concepts for power generation, specifically Plasma-Jet-Driven Magneto-Inertial Fusion (PJMIF) and Hypervelocity Gradient Field Fusion (HGFF). Dr. Cruz has over 10-years of research and development experience in multi-discipline technical fields: pulsed and DC electron sources, pulsed and DC plasma sources, high-power microwave technology, coupled oscillator systems, pulsed power systems, advanced materials, circuit design, and computer simulation and modeling. In addition to his work in the laboratory, Dr. Cruz also leads component design and fabrication at the company. Dr. Cruz received his PhD in Nuclear Engineering from the University of Michigan in 2011.

Names and titles as disclosed on SEC Form C, StartEngine. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFiled Form C-TR (terminated reporting)

Filed 1 of 5 annual reports (FY2021–FY2025)

163 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C-TRAug 14, 20230001665160-23-001649
    EDGAR
  • Form C-UJun 21, 20220001665160-22-001838
    EDGAR
  • Form C/AJun 6, 20220001665160-22-001756
    EDGAR
  • Form C/AApr 29, 20220001665160-22-001175
    EDGAR
  • Form C/AApr 28, 20220001665160-22-001072
    EDGAR
  • Form C-ARApr 27, 20220001665160-22-000898
    EDGAR
  • Form CMar 1, 20220001665160-22-000366
    EDGAR
Source: ManualCIK 0001910915DEShare price $10.00

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.