# XEONOVA

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

- Industry: Power & Utilities
- Headquarters: Hefei, China
- Website: www.xeonova.cn
- Total disclosed funding: $88M
- Latest round: Series A (Jun 12, 2026)
- Investors on record: 17

## About

Founded in 2024 and based in Hefei, China, Hefei Xingneng Xuanguang Technology Co., Ltd?, trading as XEONOVA, operates as an energy technology service company that focuses on providing controllable nuclear fusion power station services. Its team members came from the School of Nuclear Engineering of the University of Science and Technology of China. Xuan Sun, the company's founder, used to work at PPPL Laboratory, LANL Laboratory, and Tri Alpha Energy Nuclear Fusion Company. In June 2026, it raised CNY 500 million in series A funding. XEONOVA's main business is the research and development and application of controlled nuclear fusion technology. It mainly provides services such as the commercial application of controlled nuclear fusion power plants and the commercial application of plasma technology. The main product is the KMAX-U linear advanced field-reversing magnetic mirror device, which adopts field-reversing magnetic mirror technology. It combines field-reversing configuration self-organization constraints, strong magnetic mirrors, and electric potential barrier-enhanced axial constraints. The company generates revenue by providing controlled nuclear fusion technologies and related services. The company will use the series A funding to further improve and advance the parameters of high-performance FRC devices.

## Funding rounds

- Series A, Jun 12, 2026, $74M — Shanghai STVC Group, GP Capital, Fortune Capital, Tianjin Venture Capital, CoStone Capital, HighLight Capital, Jolmo Capital, Pagoda Innovation, Casstar Capital, Anhui Guoyao Venture Capital Management, Soul Capital, Ant Group, Bi'an Times Technology Holdings
- Angel, Nov 29, 2024, $14M — Tianjin Venture Capital, Yinxinggu Capital, Bojiang Capital Management Group, Casstar Capital, China Merchants Venture Investment Management, Minyin International Investment

## Investors

- Tianjin Venture Capital (https://capitalatlas.ai/funds/tianjin-venture-capital) — Angel, Series A
- Yinxinggu Capital (https://capitalatlas.ai/funds/yinxinggu-capital) — Angel
- Bojiang Capital Management Group (https://capitalatlas.ai/funds/bojiang-capital-management-group) — Angel
- Casstar Capital (https://capitalatlas.ai/funds/casstar-capital) — Angel, Series A
- China Merchants Venture Investment Management (https://capitalatlas.ai/funds/china-merchants-venture-investment-management) — Angel
- Minyin International Investment — Angel
- Shanghai STVC Group (https://capitalatlas.ai/funds/shanghai-stvc-group) — Series A
- GP Capital (https://capitalatlas.ai/funds/gp-capital) — Series A
- Fortune Capital — Series A
- CoStone Capital (https://capitalatlas.ai/funds/costone-capital) — Series A
- HighLight Capital (https://capitalatlas.ai/funds/highlight-capital) — Series A
- Jolmo Capital (https://capitalatlas.ai/funds/jolmo-capital) — Series A
- Pagoda Innovation (https://capitalatlas.ai/funds/pagoda-innovation) — Series A
- Anhui Guoyao Venture Capital Management (https://capitalatlas.ai/funds/anhui-guoyao-venture-capital-management) — Series A
- Soul Capital — Series A
- Ant Group (https://capitalatlas.ai/funds/ant-group) — Series A
- Bi'an Times Technology Holdings — Series A