Nucleation’s Three Year Overview

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Nucleation Capital Completes its Third Year!

Issues a report on the growing demand, the status of Nucleation Fund I, plans for Fund II and portfolio updates

Nucleation issued its Three Year Report to all Limited Partners (LPs) of the fund in mid-October, following the completion of three full years of investing at the end of Q2-2024.

The report covered the state of the current market, with the recent slate of high-profile power purchase announcements, a review of recent major nuclear purchase announcements by major technology companies, as well as a run-down of key events of the prior three years heralding the current inflection point in the market. Additionally, Nucleation provided its assessment of what is coming down the pipeline for investors in both energy and carbon management demand.

The report further shared more details about Nucleation's plans and strategies for its three year-old evergreen Fund I and for its upcoming, traditional Fund II. Lastly, Nucleation provided detailed and confidential updates on the progress made and current status of each of its twelve Fund I portfolio ventures.

REQUEST A COPY

If you are interested in learning more about either Fund I, our low-cost evergreen fund, now in its fourth year, or our upcoming traditional Fund II, click here to request a copy of our Three Year Report Overview.

Published by Valerie Gardner in Advanced Nuclear, Advanced Nuclear Customers, Carbon emissions, Carbon markets, Climate change, Climate innovation fund, Corporate decarbonization, Energy abundance, Energy transition, Fission, Future of Energy, Investor activity, NEWS, Nuclear competitiveness, Nuclear innovation, Nucleation communications, Solving climate, Venture capital support for nuclear, Zero emission energy

August 23, 2024

Help us expand our deal syndications

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Nucleation Capital is growing!

Seeking help increasing our syndicate deal flow

The level of activity and new venture formation in the areas of advanced nuclear and deep decarbonization innovation is growing rapidly. Nucleation Capital is seeking to expand our reach and connect with as many of these new ventures as we can. We are thus pleased to invite you to work with us to help us expand our syndicate deal flow and earn a share of our upside syndicate compensation. Here's how it works.

You find and connect with a young, growing venture that fits our thesis. If this venture is actively looking to raise capital and has a fundraising pitch deck, you introduce them to us and we will review their deck. If we agree that it is a promising prospect, you can offer to help them raise capital through our pronuclear investor network and syndicate. If they like that idea and agree to give us an allocation of equity, you will then produce a deal memo and we will float a syndicate to help them raise capital.

When investors agree to participate in the syndicate, they pay no management fee but they agree to pay carried interest to the deal sponsor, which is Nucleation Capital. Depending upon your contribution to creating the deal memo and promoting the SPV, we will provide a fair split of the carried interest fee earned from the successful exit of this venture.

There are two ways that you can work with us to bring us potential deals and earn participation on the success of the ventures you bring:

1. Venture Associate: If you are a young professional keen to learn how to help ventures raise capital with some spare time to devote to meeting new teams and making introductions, we will bring you on as a Venture Associate. You'll get training, guidance on how to find and connect with new ventures, and invitations to participate in due diligence sessions as well as other opportunities to enage with our syndicate team. We'll help you build your skills in this area and show you how to evaluate new ventures.

2. Ventury Ally: Perhaps you are a bit too busy to take on the task of writing deal memos but you are well connected, want to help worthy ventures raise capital and would like to make introductions. We invite you to join our team as a Venture Ally and we will delegate syndicate prep tasks to another member of our team. We would welcome your help connecting us to new teams working in our sectors through simple introductions.

This is an incredible opportunity for those keen to learn the ins and outs of the venture capital industry and for those who are deeply connected into the start-up world to help to help build stronger ventures.

Learn more here about this opportunity to join Nucleation's syndication team.

Published by Valerie Gardner in Advanced Nuclear, Capital reallocation, Carbon emissions, Climate change, Energy abundance, Energy transition, Environmental support for nuclear, Fission, Future of Energy, Investor activity, NEWS, Nuclear competitiveness, Nuclear innovation, Nucleation communications, Solving climate, US competitiveness, US technological leadership, Venture capital support for nuclear, Zero emission energy

December 12, 2021

Advanced Nuclear Firsts

Oklo is very well-known within the Advanced Nuclear world as one of the leading ventures among those developing 4th Generation reactors. Oklo made history in 2020 with their submission and the NRCs acceptance of their combined license application for the stunning Aurora powerhouse design. Oklo was approved for a site use permit at the Idaho National Laboratory to build their first unit. They made further history when they secured approval to use nuclear waste as fuel from the DOE.

Meanwhile, Oklo has seen its profile raised, and that of its founders, Jake DeWitte and Caroline Cochran, two brilliant and charismatic young leaders, who have shaken things up in the industry by doing hard things not just in a smarter way and also in a bold way, revealing both keen business accumen but also a fresh new face for nuclear energy. (Full disclosure: both Rod and Valerie met Jake and Caroline many years ago, have followed their progress and remain connected, as Jake serves as an advisor to Nucleation Capital.)

Since Oklo succeeded in raising its seed round through Y Combinator and then a Series A from a group of venture investors, we have watched them develop along the pathway followed by most all of Silicon Valley's rising tech ventures. We've been duly impressed with their vision, the inspiring design of the Aurora powerhouse, their commitment to diversity and inclusion, as well as the playful and stylish brand that they've built for Oklo. Importantly, they keep showing up and sharing their time and energy with the broader climate and energy communities.

If you've been paying any attention at all, you are likely to have heard Caroline and/or Jake speak and present at a wide array of events, Clubhouse chats, Facebook events, TED talks, or speaking on CNBC or at nuclear industry events about their aspirations and the future of nuclear. They have worked hard to set the stage for the public to know about Oklo, be inspired by their vision, recognize how nuclear fits into a clean energy future and even follow their expert work defining new protocols for the NRC to build a foundation for Gen IV nuclear's success.

In this way, Oklo is redefining nuclear and is, itself, a “first of a kind” (FOAK) advanced nuclear venture that is on a trajectory to change the face of energy. Even before their first-of-a-kind 4th Gen application to the NRC gets approved—which could be as early as 2023—Oklo has broken barriers, set a high bar, and changed the face of the nuclear industry. Oklo's spare team has fulfilled many of the necessary steps towards the achievement of its ambitious plans, and, in the process, has attracted serious venture capital interest.

All of which has confirmed our excitement about investing in advanced nuclear ventures and the sector more broadly. If you are an accredited investor (an SEC requirement), you may express your interest in learning more by completing this form and we’ll send you more information.

Published by Nucleation Capital in Brilliant thinkers, Investor activity, LINKS