Curio Legacy Ventures has secured $14M in new funding to support the development of its nuclear fuel recycling systems, the company announced on Thursday.
Of that amount, $7.5M came from private capital. The seed round was led by Synergos Holdings, which is headed by Curio cofounders Rabbi Zeke Moskowitz and Yehudah Moskowitz.
The remainder of the $14M haul covers a combination of government awards, cooperative R&D agreements, and strategic investments. The DOE can take credit for the bulk of the funding, having granted Curio four grants totaling $5.8M:
- An ARPA-E award through a program dedicated to turning radioisotopes into energy
- Two Gateway for Accelerated Innovation in Nuclear (GAIN) awards through the Office of Nuclear Energy
- A feasibility study through ENERGYWERX
“Clean nuclear power serves as the cornerstone of our mission, envisioning a world where the United States leads as the leading nuclear energy exporter and supplier of nuclear fuel, energy, and next-generation radioisotopes and nuclides,” Curio CEO Ed McGinnis said in a release.
Do it again: Curio’s key technology is a waste recycling system called NuCycle, which uses electrolysis to turn spent fuel into usable recycled fuel and marketable radioisotopes. The system cuts down on the volume of waste taking up space in long-term storage. The company has secured a number of commercial and civil partnerships to further its recycling tech.
Eyes on the prize: Curio is already looking ahead to its next round of fundraising, targeting late 2025 for its Series A.
