Tech Company Financing Transactions
Naarea Funding Round
Naarea, based in Nanterre, received $164 million in funding from Eren Groupe, Government of France and private investors.
Transaction Overview
Company Name
Announced On
11/29/2023
Transaction Type
Venture Equity
Amount
$164,000,000
Round
Series A
Investors
Eren Groupe (Lead Investor)
Government of France (Lead Investor)
Proceeds Purpose
Company seeks to develop a small reactor that would meet growing industrial decarbonization needs from the start of the next decade.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
66 Allée de Corse
Nanterre, 92000
France
Nanterre, 92000
France
Phone
Undisclosed
Website
Email Address
Overview
Operator of a micro-nuclear power energy platform intended to produce electricity for industry from radioactive waste and thorium. The company is engaged in the production of green electricity via mini-nuclear reactors through a reaction of molten salts with plutonium and uranium, combined with thorium, a mining by-product from the extraction of rare earths, enabling territories and economic players to actively contribute to carbon neutrality objectives.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Co-Founder
Ivan Gavriloff
Founder
Jean-Luc Alexandre
Browse more venture capital transactions:
Prev: 11/29/2023: Adionics venture capital transaction
Next: 11/29/2023: Revela venture capital transaction
Share this article
About Our VC Transactions Data
We do our best to report on tech company VC transactions. VC investment data records reported here are derived from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs