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Last Energy

Last Energy

Private
Austin, TexasEnergy & Sustainabilityhttps://www.lastenergy.com/

Last Round

Series C

Dec 16, 2025

Est. Valuation

$15M

Total Funding Raised

$163M

Momentum

Top 10%

of companies Caplight tracks

Company Overview

Last Energy is a clean energy company that develops modular micro nuclear power plants designed to provide rapid, affordable, and scalable baseload power for industrial customers.

Sector

Energy & Sustainability

Verticals

Renewable Energy, Smart Grid

Business Model

B2B

Customer Profile

Revenue Share, Services & Consulting

AI Layer

Non-AI

Keywords

SMRsmall modular reactormicro-modular reactormodular nuclearnuclear energyPPApower purchase agreementIPPindependent power producercarbon-free energybaseload powerbehind-the-meter poweradvanced nuclearclean energy techdata center power

Historical Pricing

Historical view of private secondary pricing and transaction trends.

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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Last Energy Comps

Public and private peers based on sector, stage, and business model.

Last Energy comps — public and private peers by sector, stage, and business model
CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Last Energy Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Series CDec 16, 2025
Series BAug 29, 2024
Series AFeb 16, 2021
SeedFeb 25, 2020

Key People

Founding team and executive leadership

Bret Kugelmass

CEO, Founder

Founding Team

Michael Jenner

CEO, Last Energy UK

Executive Team

Jonathan Ritchie

Chief Technology Officer

Executive Team

Adam Wyrick

Chief Financial Officer

Executive Team

Last Energy Investors

Notable investors and investment history

Last Energy investors
InvestorRounds
Woori Technology Investment Co.Series C
Astera InstituteSeries C
FloodgateSeed
Galaxy InteractiveSeries C
Galaxy DigitalSeries C
JAM FundSeries C
GigaFundSeries C, Series B, Series A

Market signals

Structured signals derived from secondary market and firmographic data.

  • Jul 1, 2026

    Will expand facilities to Texas to build a 5-megawatt pilot reactor.

  • Apr 7, 2026

    PWR-5 test reactor in Bryan, TX is in startup phase.

Last Energy Filings

SEC and related filings with document metadata.

Data table
TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Last Energy Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Last Energy's valuation, stock price, and market status.

Firmographic Details

HeadquartersAustin, Texas
Employee Range71
Year Founded2019
Last FundingDec 16, 2025

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