Thorizon, an Amsterdam, the Netherlands-based company which specializes in molten salt reactor technology, raised €20M in funding and Grant.
The round consisted of:
- €16M as the first tranche of its Series A round, led by the Dutch National Promotional Institution, Invest-NL, backed by an InvestEU guarantee from the European Commission for the research part, with strong backing from Positron Ventures, PDENH, and Impuls Zeeland.
- €4M Grant from the Dutch Province of Noord-Brabant in consortium with VDL Groep and Demcon.
The company intends to use the funds to accelerate the development of its advanced small modular reactor, Thorizon One.
Led by CEO Kiki Lauwers, Thorizon, originally a spin-off from NRG, is a deep-tech startup developing a “walk-away safe” molten salt reactor that uses long-lived nuclear waste as fuel, taking a step toward circularity. It is working on reactor design and system prototypes, with plans to begin constructing its first reactor, Thorizon One, around 2030.
Thorizon collaborates with industry leaders such as Orano, Tractebel, VDL, and EDF, and its project has been selected by the European Commission and the French government under the France 2030 investment plan.
The recent investments followed an earlier €10M grant from the France 2030 Innovative Reactor Program of the French government in 2024. In total, including its first equity round, Thorizon has raised €42.5M.
The company also has offices in Lyon, France.
FinSMEs
12/03/2025