# Newcleo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/newcleo

- Industry: Renewable Energy
- Headquarters: Paris, France
- Website: www.newcleo.com/
- Total disclosed funding: $110M
- Latest round: Seed (Oct 21, 2021)
- Investors on record: 3

## About

Founded in 2021 by by Stefano Buono, along with Luciano Cinotti and Elisabeth Rizzotti, based in Paris, France, Newcleo Ltd is a nuclear technology company that develops ways and methods of extracting energy from nuclei in radioactive waste. In June 2022, Newcleo Ltd raised EUR 300 in venture funding from new investors Azimut and EXOR, with participation from individual and other investors. The firm has offices in UK, Italy, and France. In February 2026, Newcleo Ltd raised USD 85 million in venture funding from new investors Danieli, Cementir Holding, Orion Valves, NextChem, with participation from returning investors Kairos Partners, Indaco Venture Partners, Azimut, CERN pension fund, and Walter Tosto S.p.a. Other unspecified investors also participated in the round.


The firm uses Generation IV nuclear reactor to extract clean energy from the nuclei of radioactive elements such as plutonium, uranium and MA extracted from radioactive waste generated by old nuclear reactors. The company intends to use the June 2022 funding for manufacturing nuclear fuel for its reactors from the waste made by traditional reactors and build its first nuclear sites in the UK and France.
The company plans to use the funding to support the expansion of its research and development infrastructure in Europe and to accelerate its growth strategy in the United States.

## Funding rounds

- Seed, Oct 21, 2021, $110M — Club Degli Investitori, Exor Seeds, LIFTT

## Investors

- Club Degli Investitori (https://capitalatlas.ai/funds/club-degli-investitori) — Seed
- Exor Seeds — Seed
- LIFTT (https://capitalatlas.ai/funds/liftt) — Seed