The Nuclear Company raises $51M to develop massive reactor sites

The Nuclear Company is taking an old approach to building new nuclear reactors. Rather than gin up a new design or try to mass manufacture smaller reactors, it wants to develop a series of reactors using existing designs. The two-year-old startup announced a Series A last month that included investments from CIV, Goldcrest Capital, MCJ Collective, True Ventures, and Wonder Ventures, though it did not disclose the amount raised. Now, TechCrunch has learned that the company has secured $51.3 million in a Series A, bringing the company’s total funding to $70 million. The Nuclear Company was founded in 2023 by three serial entrepreneurs: former AppHarvest CEO Jonathan Webb, Arcadia CEO Kiran Bhatraju, and CIV CEO Patrick Maloney. The startup is prioritizing sites that already have permits or licenses to operate. Fewer than a dozen sites fall under that rubric, according to filings for combined operating licenses and early site permits at the Nuclear Regulatory Commission. At the sites t ... Read full article.