Tech Company Financing Transactions
X-energy Funding Round
Amazon, private investors and NGP participated in a $500 million Series C funding round for X-energy. This venture round closed on 10/16/2024.
Transaction Overview
Company Name
Announced On
10/16/2024
Transaction Type
Venture Equity
Amount
$500,000,000
Round
Series C
Investors
Proceeds Purpose
The company intends to use the capital for the completion of its reactor design and licensing as well as the first phase of its TRISO-X fuel fabrication facility in Oak Ridge, Tennessee. Additionally, the funding will support future carbon-free projects that will use its Xe-100 advanced small modular nuclear reactors ("SMRs").
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
801 Thompson Ave
Rockville, MD 20852
USA
Rockville, MD 20852
USA
Phone
Website
Email Address
Overview
X-Energy Inc is a leading developer of advanced SMR and fuel technology for clean energy generation. It is seeking to redefine the nuclear energy industry through its flagship product, the Xe-100, an advanced small modular HTGR designed to generate up to 80 megawatts of electric power and/or up to 200 megawatts of thermal output, depending on the configuration. X-energy's simple and intrinsically safe advanced SMR designs, like the Xe-100, significantly expand the applications and markets for nuclear technology with enhanced safety, lower cost and faster construction timelines when compared with conventional nuclear energy sources and broader use cases when compared with other SMRs
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Clay Sell
Chief Financial Officer
Mark Mize
Chief Information Officer
Matt Welsh
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We do our best to report on all VC transactions involving tech companies. VC investment data records reported here come from publicly available VC deal announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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