How much funding did newcleo raise in its latest round?

Newcleo raised 75 million euros in its latest funding round.

What will newcleo use the new funding for?

The funds will be used to strengthen research and development infrastructure in Europe and accelerate expansion in the United States.

What kind of reactors does newcleo develop?

Newcleo develops advanced modular reactors powered by reprocessed nuclear waste.

Home / Business and Economy / Newcleo Secures 75M Euros for Nuclear Innovation

Newcleo Secures 75M Euros for Nuclear Innovation

4 Feb

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Summary

Italian startup newcleo raised 75 million euros in new funding.
The funds will bolster R&D infrastructure in Europe and US expansion.
Newcleo develops advanced modular reactors using reprocessed nuclear waste.

Newcleo Secures 75M Euros for Nuclear Innovation

Italian nuclear technology firm newcleo announced on Wednesday that it has successfully raised 75 million euros in its latest funding round. This investment saw contributions from new backers, including prominent industrial groups Danieli and Cementir Holding.

This recent capital infusion boosts the company's total fundraising over the last 12 months to exceed 105 million euros. Since its inception in 2021, newcleo has amassed a total of 645 million euros in funding.

Founder and CEO Stefano Buono stated that these funds will be instrumental in enhancing their research and development infrastructure across Europe and will accelerate their strategic expansion into the United States. Buono indicated a focus on leveraging U.S. policies designed to support the nuclear energy sector.