---
title: "Gaingels Backs Thea Energy $100M Series B; Cerebras IPO Hits"
description: "Gaingels participated in Thea Energy’s $100M Series B for stellarator fusion, while portfolio company Cerebras listed on NASDAQ in a marquee exit."
date: 2026-01-05T00:00:00.000Z
tags: ["gaingels", "series-b", "deep-tech", "startup-funding", "venture-capital"]
source: https://venturecapitaltracker.com/2026-gaingels-thea-energy-cerebras-exit
---

# Gaingels Backs Thea Energy $100M Series B; Cerebras IPO Hits

> Gaingels participated in Thea Energy’s $100M Series B for stellarator fusion, while portfolio company Cerebras listed on NASDAQ in a marquee exit.

**Gaingels** participated in **Thea Energy's $100M Series B** for scalable stellarator fusion power plants, while portfolio company **Cerebras Systems listed on NASDAQ** in a marquee 2026 exit.

## Key facts

- **Investor:** Gaingels (co-investor)
- **Thea Energy:** $100M Series B (fusion energy)
- **Cerebras Systems:** NASDAQ listing (May 2026), ~$5.55B market cap
- **Firm:** LGBTQ+/allies syndicate; 38 new investments in a trailing year

## Why this matters

Thea Energy shows Gaingels co-investing in frontier deep tech alongside top leads, while the Cerebras IPO delivered the kind of public-market exit that validates its decade-long syndicate model.

## Sources

1. Gaingels / Thea Energy Series B (F4 profile): https://f4.fund/firms/gaingels
2. Gaingels Cerebras exit & activity (Angel Investors Network review): https://angelinvestorsnetwork.com/venture-capital/gaingels-lgbtq-venture-network-profile

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)

**Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.