Fluxnium raises $7m seed led by Congruent Ventures
Constellation Technology Ventures and Active Impact Investments participated in financing for seawater uranium recovery.
Fluxnium raised $7 million in seed financing led by Congruent Ventures, with Constellation Technology Ventures and Active Impact Investments participating.
The capital will support further development, pilot testing and scale-up of its adsorbent-fiber technology for recovering dissolved uranium from seawater. The company is working toward a reusable offshore system for supplying the nuclear-fuel industry.
Use of funds
Further develop and pilot test its technology platform
Scale up the technology