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South Korean SMR startup RX raises $7.5M in bridge funding to accelerate industrial heat reactor development.
Amount Raised
$7.5 Million
Round Type
Venture
South KoreaManufacturingEnergyRenewable EnergyDescription
RX Inc., a South Korean small modular reactor engineering startup, has raised 10 billion won ($7.5 million) in a pre-Series A bridge funding round. The capital will be used to accelerate the development of a reactor designed to supply carbon-free heat to industrial sites. This bridge round represents a significant step forward for the company in advancing its SMR technology. The funding demonstrates investor confidence in RX's approach to providing sustainable industrial heat solutions.
Fundz sees it the moment RX raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
RX raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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