# StarCore Nuclear

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/starcore-nuclear

- Industry: Power & Utilities
- Headquarters: Toronto, Canada
- Website: www.starcorenuclearpower.com/
- Total disclosed funding: $15M
- Latest round: Seed (May 8, 2025)
- Investors on record: 1

## About

StarCore Nuclear, founded in 2008 and based in Toronto, Canada, is dedicated to developing advanced Small Modular Reactors (SMRs) designed for safe and reliable energy production.StarCore Nuclear specializes in the development of Small Modular Reactors (SMRs) that utilize High Temperature Gas-Cooled Reactor (HTGR) technology. The company was founded in Toronto, Canada, in 2008. StarCore Nuclear raised a total of USD 15.00 mn through a SEED funding round in May 2025, led by Carat Venture Partners, which is the entirety of their total funding raised. The firm has conducted one deal to date, indicating a focused approach to their business strategy.StarCore Nuclear focuses on developing Small Modular Reactors (SMRs) utilizing High Temperature Gas-Cooled Reactor (HTGR) technology, targeting energy production in remote and off-grid locations. These reactors are engineered to be inherently safe, with features that prevent fuel melting under extreme heat conditions, thereby ensuring operational reliability. The primary application of StarCore's technology is to provide safe, affordable, and carbon-free electricity, as well as fresh water and high-speed internet, to communities that face unreliable power access and infrastructure challenges. StarCore’s products are designed for deployment in various geographical markets, including remote communities in Canada, Australia, and regions of developing economies that rely on sustainable energy solutions. The end users of this technology include local governments, remote mining operations, and communities seeking reliable energy and water resources.StarCore Nuclear’s revenue model is primarily based on partnerships and collaborations with governmental and local agencies, as well as private sector entities involved in energy and infrastructure development. Transactions typically occur through structured agreements for the construction and deployment of their SMRs, where clients—such as Ontario Power Generation—contract StarCore to supply energy solutions tailored to specific community needs. While exact pricing plans are not disclosed, the company's transactions involve long-term contracts or service agreements that provide for the delivery of energy over extended periods, ensuring stable cash flow. The firm’s flagship offerings, including its advanced SMR technology, appeal to both public and private sectors seeking to invest in sustainable energy initiatives.StarCore Nuclear has plans to enhance its product offerings with the design and launch of new SMR models, targeting specific release dates in the near future. The company aims to expand its market presence in Canada, Australia, and various developing economies by 2026. The recent SEED funding of USD 15.00 mn will support these initiatives, allowing for R&D and market entry strategies to bring innovative energy solutions to underserved areas.

## Funding rounds

- Seed, May 8, 2025, $15M — Carat Venture Partners

## Investors

- Carat Venture Partners (https://capitalatlas.ai/funds/carat-venture-partners) — Seed