Funding round
Blue Energy Series A
Blue Energy, which works in modular nuclear power plant design in United States, raised $45M in a Series A round announced on 8 Oct 2024, led by Engine Ventures and At One Ventures. 7 firms took part. It is Blue Energy's first venture round on record.
$45M
Amount raised
Not disclosed
Post-money valuation
7
Investors
2 leads
Valuation
What this round says about the price
Blue Energy did not disclose a valuation in this round. It is 11% of the $425M Blue Energy has raised in the venture rounds on record. Blue Energy raised again 18 months later: a Growth round of $380M in Apr 2026.
Investors
Who put money in
Engine Ventures and At One Ventures led the round with 5 other firms.
Lead investors
- backs 27 venture-backed companies new investor
- At One Ventures new investor
Also in the round
- backs 27 venture-backed companies new investor
- backs 12 venture-backed companies new investor
- backs 8 venture-backed companies new investor
- backs 17 venture-backed companies new investor
- backs 5 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
13 Series A rounds in Electric Supplies & Power Generation within a year either side disclosed an amount; the median was $9.9M, and this round was 4.5 times the median. The closest in time, other companies' Series A rounds in Electric Supplies & Power Generation:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Electric Supplies & Power Generation | 9 Sep 2024 | $8.0M | not disclosed | TRIVE Venture Capital and TNB Aura |
| Electric Supplies & Power Generation | 6 Aug 2024 | $20M | not disclosed | Infinite Capital |
| Electric Supplies & Power Generation | 27 Jan 2025 | $9.9M | not disclosed | Blackbird |
| Electric Supplies & Power Generation | 16 Jan 2025 | $5.0M | not disclosed | Version One Ventures |
| Electric Supplies & Power Generation | 1 Jan 2025 | $2.4M | not disclosed | not named |
| Electric Supplies & Power Generation | 4 Jun 2024 | $100M | not disclosed | Hedosophia |
| Electric Supplies & Power Generation | 5 Feb 2025 | $17M | not disclosed | AlbionVC |
| Electric Supplies & Power Generation | 16 May 2024 | $4.0M | not disclosed | Transition |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Blue Energy raise in its Series A round?
Blue Energy raised $45M in its Series A round, announced in Oct 2024.
Who led Blue Energy's Series A round?
Engine Ventures and At One Ventures led it, with Angular Ventures, Tamarack Global, Propeller, Starlight Ventures and Nucleation Capital.
What was Blue Energy's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Electric Supplies & Power Generation?
13 Series A rounds in Electric Supplies & Power Generation within a year either side disclosed an amount; the median was $9.9M, and this round was 4.5 times the median.
Did Blue Energy raise again after this round?
Yes: a Growth round in Apr 2026 of $380M.