# X-energy funding: rounds and investors

> X-energy has raised $1.5B across 2 rounds since 2024. Investors include Amazon. Every round with its source.

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

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

# Who invested in *X-energy*

2 rounds we have observed, with the one investor 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.

Cleantech Energy

Raised 6 months ago

Follow X-energy and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Fx-energy)

Funding summary Updated 5 Nov 2026

**$1.5B** raised across 2 rounds since 2024, from 2 sources

**$500M** Series C **$1.0B** Round

- **Latest round:** Round, $1.0B May 2026
- **Step-up i:** 2×
- **Investors:** 1 (1 led)

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.

2025 2026

**$500M** Series C

**$1.0B** Round

- **First round:** Series C, $500M
- **Biggest round:** $1.0B
- **Between rounds:** 19 months

## The rounds

- **May 2026** Round **$1.0B** No investor was named in the report. Reported by Ventureburn
- **Oct 2024** Series C **$500M** *1 new* [Amazon](https://millionrounds.com/fund/amazon) Lead Reported by Crunchbase News

## Founders and team

From X-energy's own website: 1 founder, 19 on the team.

**Dr. Kam Ghaffarian** Founder & Chairman

- **Matt Welsh** Vice President & Chief Information Officer
- **J. Clay Sell** Chief Executive Officer
- **Alistair Black** Vice President, UK
- **Bobby Dean** Vice President, Growth & Strategy
- **Dinkar S. Bhatia** Executive Vice President
- **Dragan Popovic** Executive Vice President
- **Graham Cable** Vice President, Strategic Marketing & Customer Relationship Management
- **Michael Gigliotti** Vice President, Business Operations
- **Randy Eubanks** Vice President, Operations & Assurance
- **Robert Taylor** Vice President, Regulatory Affairs and Licensing
- **Sam Levenback** Senior Vice President
- **Sean Miers** Vice President, Project Engineering
- **Steve Miller** Executive Vice President
- **Daniel Gross** Chief Financial Officer
- **David Bannister** Chief Nuclear Officer
- **David Royer** Co-General Counsel & Chief Compliance Officer
- **Jesse B. Walker** Chief Supply Chain Officer
- **Rachel Lappin Scheinman** Chief Human Capital Officer

And 1 more on the team.

## Everyone who backed them

[Amazon](https://millionrounds.com/fund/amazon) Company **1** round, led 1

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

## Also claim to have backed them

These 6 firms list X-energy as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Corner](https://millionrounds.com/fund/corner-2) VC firm Per its own site

[Litquidity Ventures](https://millionrounds.com/fund/litquidity-ventures) VC firm Per its own site

[The Venture Collective](https://millionrounds.com/fund/the-venture-collective) VC firm Per its own site

[Pittco Management](https://millionrounds.com/fund/pittco-management) Family office Per its own site

[Manifest Venture Partners](https://millionrounds.com/fund/manifest-venture-partners) VC firm Per its own site

[Stack Capital](https://millionrounds.com/fund/stack-capital) Private equity Per its own site

## Quick answers about X-energy

### Who invested in X-energy?

X-energy's investors include Amazon.

### How much has X-energy raised?

X-energy has raised $1.5B across 2 rounds since 2024.

### When did X-energy last raise?

X-energy's most recent round was an Undisclosed round of $1.0B in May 2026.

### What was X-energy's biggest round?

Its most recent round, $1.0B in May 2026, is also its largest on record.

### Who backed X-energy first?

X-energy's first round on record, in Oct 2024, was backed by Amazon.

### What stage is X-energy at?

X-energy's latest named round is an Undisclosed round, in May 2026.

### Where is X-energy based?

X-energy is based in the United States.

### Who led X-energy's rounds?

Amazon led the Series C in 2024.

## Companies like X-energy

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

[**Group14 Technologies** $632M · Oct 2026](https://millionrounds.com/company/group14-technologies)[**Mammoth Energy Services** $58M · Oct 2026](https://millionrounds.com/company/mammoth-energy-services)[**Emvolon** $22M · Oct 2026](https://millionrounds.com/company/emvolon)[**Amogy** $125M · Oct 2026](https://millionrounds.com/company/amogy)[**LanzaJet** $67M · Oct 2026](https://millionrounds.com/company/lanzajet)[**Pivot Energy** $500M · Oct 2026](https://millionrounds.com/company/pivot-energy)

## Find investors like these

Search every investor by what they have actually funded, then narrow to your stage and market. Free.

Open the investor searchOr these rounds in the app
