Antares, a company building modular microreactors for use on Earth and in space, announced Wednesday that it raised a new batch of funding to forge ahead with development. The $30M Series A round was led by Caffeinated Capital and AltCap. It also included participation from Rogue, Uncommon Capital, Shrug, Banter Capital, Box Group, and Shine […]
It’s a bird, it’s a plane…it’s another high-flying batch of funding for a fusion startup! Last week, Marvel Fusion announced that it has secured a €62.8M ($70.3M) Series B round to support development of its inertial confinement fusion approach. Frickin’ laser beams: Most of the companies raising funds at this scale to pursue commercial fusion […]
There’s been another wave of funding into the commercial fusion sector, with Fuse Energy Technologies Corp. raising a fresh $32 million. The startup is pursuing an unconventional path to fusion energy by first building pulsed-power inertial fusion machines and using them to help customers test radiation effects. Buckley Ventures, Tamarack Global, Bracket Capital, Mantis VC, […]
In its mission to deploy Sweden’s first SMR—and start the nation’s first new reactor construction in more than 40 years—Blykalla has raised the second half of its Series A round. The 80M SEK ($7.7M) in new funding doubles the total size of the Series A to 160m SEK ($15.5M). The investors in the round extension […]
Last Energy, the DC-based microreactor startup, just got a boost on its path to deploy its first modular reactor system by 2026. The company announced today that it closed a $40M Series B round earlier this year, which will help it dramatically ramp up its hiring and make progress towards regulatory approvals in its target […]
The next hotspot for nuclear reactor construction is underground. At least, that’s the future reactor startup Deep Fission wants to make happen. The company emerged from stealth last week with $4M in seed funding and a vision to use borehole drilling to plant SMRs a mile beneath the surface of the Earth. This approach would […]
Austin’s local nuclear energy startup, Aalo Atomics, just got a major funding boost as it looks to beef up its team and make progress toward its holy grail: mass manufacturing of nuclear reactors. The company announced yesterday that it’s raised an additional $27M in funding from investors. 50Y and Valor Equity Partners led the round, […]
Investor enthusiasm for fusion is alive and well. Our proof: a fresh batch of funding to the tune of $53.5M for Type One Energy, a startup building a stellarator in Tennessee. The investment completes Type One’s seed round, which stands at a grand total of $82.4M after the company announced a $29M portion last year. […]
N-ergy recently raised a $1.5M pre-seed round to build out a data-powered autonomous advanced materials factory that can dramatically speed up the design, manufacture, and qualification of new materials—from five years to three months, start to finish.
Xcimer Energy has topped the year-to-date record for a fusion company fundraise with its $100M Series A.
