# Princeton NuEnergy funding: rounds and investors

> Princeton NuEnergy has raised $50M across 2 rounds since 2025. Investors include US Department of Energy, NJEDA and Samsung Venture Investment.

Source: https://millionrounds.com/company/princeton-nuenergy (Millionrounds; every figure on the page links to its filing or article)

United States · [Funded startup](https://millionrounds.com/companies)

# Who invested in *Princeton NuEnergy*

2 rounds we have observed, with the 3 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Chemicals & Materials

Raised 3 months ago

Funding summary Updated 26 Oct 2026

**$50M** raised across 2 rounds since 2025, from 2 sources

- **Latest round:** Grant, $50M Aug 2026
- **Investors:** 3

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2026

**?** Venture

**$50M** Grant

- **First round:** Venture
- **Biggest round:** $50M
- **Between rounds:** 12 months

## The rounds

- **Aug 2026** Grant **$50M** *2 returning* [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) [NJEDA](https://millionrounds.com/fund/njeda) Source recorded
- **Aug 2025** Venture **Amount undisclosed** *3 new* [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) [Samsung Venture Investment](https://millionrounds.com/fund/samsung-venture-investment) [NJEDA](https://millionrounds.com/fund/njeda) Source recorded

## Founders and team

From Princeton NuEnergy's own website and the SEC filings it signed: 2 founders, 5 on the team.

**Dr. Chao Yan** Co-Founder and CEO *Named on its 2023 Form D*

**Dr. Xiaofang Yang** Co-Founder and CTO *Named on its 2023 Form D*

- **Peng Zhao** Chief Operating Officer
- **Stephen Snyder** Chief Strategy Officer
- **Shawn Turner** VP, Strategic Partnerships
- **Arsalan Khan** Marketing Manager
- **Janet Robertson** Director of Government Affairs and Communications

On the board, as filed i *Jerry Wang*

Advisers *Celina Mikolajczak* *David R. Hill* *Dr. Bruce E. Koel* *H.P. Goldfield* *Joseph Park* *Richard Hsu* *Sean T. Walsh*

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Venture** 2025 **Grant** 2026 [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) [NJEDA](https://millionrounds.com/fund/njeda) [Samsung Venture Investment](https://millionrounds.com/fund/samsung-venture-investment)

## Everyone who backed them

[US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) Government **2** rounds

[NJEDA](https://millionrounds.com/fund/njeda) VC firm **2** rounds

[Samsung Venture Investment](https://millionrounds.com/fund/samsung-venture-investment) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=princeton-nuenergy).

## Quick answers about Princeton NuEnergy

### Who invested in Princeton NuEnergy?

Princeton NuEnergy's investors include US Department of Energy, NJEDA and Samsung Venture Investment.

### How much has Princeton NuEnergy raised?

Princeton NuEnergy has raised $50M across 2 rounds since 2025. One round did not disclose an amount, so the total is a floor.

### When did Princeton NuEnergy last raise?

Princeton NuEnergy's most recent round was a Grant of $50M in Aug 2026.

### What was Princeton NuEnergy's biggest round?

Its most recent round, $50M in Aug 2026, is also its largest on record.

### Who backed Princeton NuEnergy first?

Princeton NuEnergy's first round on record, in Aug 2025, was backed by US Department of Energy, Samsung Venture Investment and NJEDA.

### What stage is Princeton NuEnergy at?

Princeton NuEnergy's latest named round is a Grant, in Aug 2026.

### Where is Princeton NuEnergy based?

Princeton NuEnergy is based in the United States.

## Companies like Princeton NuEnergy

In the same sector, and raised in the last eighteen months.

[**Albert Invent** $20M · Oct 2026](https://millionrounds.com/company/albert-invent)[**Albert** $57M · Oct 2026](https://millionrounds.com/company/albert)[**Azulene Labs** $3.4M · Sept 2026](https://millionrounds.com/company/azulene-labs)[**Critical Materials Group** $10M · Sept 2026](https://millionrounds.com/company/critical-materials-group)[**Rise Reforming** $500K · Sept 2026](https://millionrounds.com/company/rise-reforming)[**Fluxnium** $7.0M · Sept 2026](https://millionrounds.com/company/fluxnium)

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