Venture Investors Put Billions Into Nuclear Fusion And Fission Projects

Christen Martines | August 25, 2022

Crunchbase News, Published August 22, 2022; Joanna Glasner

Nuclear power is having a big year for venture funding, and it’s not just fusion startups that are attracting capital.

A Crunchbase analysis of investment in nuclear projects shows companies pursuing both fission- and fusion-powered technologies have racked up huge rounds of late. Collectively, they’ve pulled in over $3.4 billion this past year.

The largest recent round was for TerraPower, a venture founded by Bill Gates and other climate-focused backers around the idea that the private sector needed to take action in developing advanced nuclear energy to meet growing electricity needs. The Bellevue, Washington-based company raised $750 million last week in equity financing led by Gates and South Korea’s SK Group.

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