Estonia-based energy startup Fermi Energia has raised the €2.5m it needs to start the official planning process for the deployment of a small modular reactor in the Baltic country, the company’s chief executive officer Kalev Kallemets told NucNet.
Mr Kallemets said in an email that Fermi’s crowdfunding campaign on Estonia-based trading platform Funderbeam attracted more than 1,600 investors, 95% of whom were Estonian.
He said 1,641 investors committed €4.4m, of which €2m will be accepted.
Earlier this month Fermi said it had financed preparatory planning activities with funding of €560,000 from Estonian private investors and US venture capital fund Last Energy VC. The money was not raised through crowdfunding.
Mr Kallemets said in an email that Fermi’s crowdfunding campaign on Estonia-based trading platform Funderbeam attracted more than 1,600 investors, 95% of whom were Estonian.
He said 1,641 investors committed €4.4m, of which €2m will be accepted.
Earlier this month Fermi said it had financed preparatory planning activities with funding of €560,000 from Estonian private investors and US venture capital fund Last Energy VC. The money was not raised through crowdfunding.
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