The First Nuclear Supply Chain Fund

We must capture the nuclear market maturation curve.

We need to accelerate the industry growth by reinventing its supply chain in Europe and worldwide.

We must capture the nuclear market maturation curve.

We need to accelerate the industry growth by reinventing its supply chain in Europe and worldwide.

Approach

1

Entry Phase

Analysis Stage

Technical & Qualification Accelerator

We adapt products to strict nuclear standards, providing TRL assessment, licensing support, and supply chain qualification.

1

Entry Phase

Analysis Stage

Technical & Qualification Accelerator

We adapt products to strict nuclear standards, providing TRL assessment, licensing support, and supply chain qualification.

1

Entry Phase

Analysis Stage

Technical & Qualification Accelerator

We adapt products to strict nuclear standards, providing TRL assessment, licensing support, and supply chain qualification.

2

Growth Phase

Scaling Stage

Go-to-Market & Strategic Expansion

We drive commercialization and international scaling (B2B/B2G), connecting companies with Tier-1 vendors and regulators.

2

Growth Phase

Scaling Stage

Go-to-Market & Strategic Expansion

We drive commercialization and international scaling (B2B/B2G), connecting companies with Tier-1 vendors and regulators.

2

Growth Phase

Scaling Stage

Go-to-Market & Strategic Expansion

We drive commercialization and international scaling (B2B/B2G), connecting companies with Tier-1 vendors and regulators.

3

Mature Phase

Harvest Stage

Smart Capital & Follow-on Growth

We lead early-stage funding (Pre-Seed to Series A) and provide follow-on capital to de-risk investments and fuel growth

3

Mature Phase

Harvest Stage

Smart Capital & Follow-on Growth

We lead early-stage funding (Pre-Seed to Series A) and provide follow-on capital to de-risk investments and fuel growth

3

Mature Phase

Harvest Stage

Smart Capital & Follow-on Growth

We lead early-stage funding (Pre-Seed to Series A) and provide follow-on capital to de-risk investments and fuel growth

Thesis

1

Low Core Physics Risk

Most SMR concepts leverage well-established reactor physics. Value creation is driven by engineering execution, modularization, and supply chain readiness rather than unproven science

2

Current Prototype Bottleneck

The majority of SMR startups are in early design or non-nuclear prototype testing. Very few have reached FOAK (First-Of-A-Kind) construction, creating an early-entry window

3

Upcoming Market Consolidation

Once initial deployments deliver operational feedback, the market will rapidly consolidate. Early investors in critical supply chain bottlenecks will capture maximum asset appreciation.

4

Supply Chain Advantage & De-Risking

Instead of betting on single speculative reactor developers, CAPACITY FACTOR targets essential supply chain layers, key components, and smart infrastructure—capturing industry growth while insulating capital from core nuclear technology failures.

Instead of betting on single speculative reactor developers, CAPACITY FACTOR targets essential supply chain layers, key components, and smart infrastructure —capturing industry growth while insulating capital from core nuclear technology failures.

Hover the segment to see detalis

60%

Nuclear Fuel & Generation Supply Chain

Uranium production, Nuclear fuel cycle, Metallurgy & advanced materials, Nuclear-grade equipment for new-build and LTO, Balance-of-Plant, smart grids and BESS

20%

Nuclear Enablers

IT and AI-based solutions for nuclear: PLM, Regulatory, Cybersecurity, etc., Technology-agnostic project developers, Integrators, and clusters

20%

Strategic Partnerships

Dedicated allocation to support localization programs and co-invest in the most promising nuclear power markets

60%

Nuclear Fuel & Generation Supply Chain

Uranium production, Nuclear fuel cycle, Metallurgy & advanced materials, Nuclear-grade equipment for new-build and LTO, Balance-of-Plant, smart grids and BESS

20%

Nuclear Enablers

IT and AI-based solutions for nuclear: PLM, Regulatory, Cybersecurity, etc., Technology-agnostic project developers, Integrators, and clusters

20%

Strategic Partnerships

Dedicated allocation to support localization programs and co-invest in the most promising nuclear power markets

Team

Arkady Karneev

Managing Partner, Markets & Strategy

Manager and communicator with 16+ years of experience in marketing and business development in nuclear power in Western Europe, Southeast Asia, and MENA.

Ex-Rosatom, he is expert in investment positioning for SMRs, supplier relations and local content for USD 5+ billion NPP projects.

Founder at SPLab, nuclear investment advisory, and NucFinder, the first global B2B nuclear supply chain platform.

Artjoms Krizanovskis

Managing Partner, Head of BD

Investor relations. Institutional partnerships. Energy transition and nuclear advocacy. Business strategy.

With more than 15 years’ experience in the e-commerce sector, Artjoms has cultivated a strong international network spanning fintech companies, venture capital funds, and strategic industry partners.

His career reflects a consistent focus on scaling innovative businesses, securing strategic investment, and building long-term value for stakeholders.

Pavel Ruban

Partner, Chief Financial Advisor

CFA, finance and operations professional with 16+ years of experience spanning M&A, investment, and high-growth tech startups, with deep expertise in fundraising, compliance, and international scaling.

Former CFO at Ready Player Me, where he supported the company through Seed to a $56M Series B and its acquisition by Netflix. Currently serving as fractional CFO to high-growth tech companies.

Triinu Paidla

Partner, Chief Operating Officer

Fund operations leader with 14+ years in alternative investments and private equity FoFs in Luxembourg, covering the full fund lifecycle, investor relations, reporting and team leadership.

Strategy and innovation professional with experience evaluating technology providers, building partnerships, launching new services and advising leadership on business and operating models. Ex-Big4 and Strategy Advisor to AMP X GROUP.


Tanel Saari

Partner, Board Member

Lawyer by training with 12 years in Luxembourg financial services across structured finance, alternative funds and private equity. Six years at LetterOne, serving as director of group companies and country head of compliance, with a focus on pre-acquisition governance and post-deal operational improvement.

Since 2022, founder and CEO of AMP X GROUP, Luxembourg’s leading provider in EV charging and battery energy storage (BESS), with an expanded portfolio in building automation.
Combines fund-level governance expertise with hands-on experience deploying energy infrastructure across Europe.

Wolfgang Denk

Advisor, Fundraising

Swiss-based professional with 20+ years of experience in the nuclear energy sector, helping clients and investors navigate the complexities of nuclear investments.

Ex-Credit Suisse, Alpiq and Westinghouse, he is one of Europe’s leading experts in the intersection of nuclear energy and institutional capital.

Founder at Denk Nuclear AG, a specialized advisory in investment due diligence and risk management for nuclear power sector.

Team

Arkady Karneev

Managing Partner, Markets & Strategy

Manager and communicator with 16+ years of experience in marketing and business development in nuclear power in Western Europe, Southeast Asia, and MENA.

Ex-Rosatom, he is expert in investment positioning for SMRs, supplier relations and local content for USD 5+ billion NPP projects.

Founder at SPLab, nuclear investment advisory, and NucFinder, the first global B2B nuclear supply chain platform.

Artjoms Krizanovskis

Managing Partner, Head of BD

Investor relations. Institutional partnerships. Energy transition and nuclear advocacy. Business strategy.

With more than 15 years’ experience in the e-commerce sector, Artjoms has cultivated a strong international network spanning fintech companies, venture capital funds, and strategic industry partners.

His career reflects a consistent focus on scaling innovative businesses, securing strategic investment, and building long-term value for stakeholders.

Pavel Ruban

Partner, Chief Financial Advisor

CFA, finance and operations professional with 16+ years of experience spanning M&A, investment, and high-growth tech startups, with deep expertise in fundraising, compliance, and international scaling.

Former CFO at Ready Player Me, where he supported the company through Seed to a $56M Series B and its acquisition by Netflix. Currently serving as fractional CFO to high-growth tech companies.

Triinu Paidla

Partner, Chief Operating Officer

Fund operations leader with 14+ years in alternative investments and private equity FoFs in Luxembourg, covering the full fund lifecycle, investor relations, reporting and team leadership.

Strategy and innovation professional with experience evaluating technology providers, building partnerships, launching new services and advising leadership on business and operating models. Ex-Big4 and Strategy Advisor to AMP X GROUP.


Tanel Saari

Partner, Board Member

Lawyer by training with 12 years in Luxembourg financial services across structured finance, alternative funds and private equity. Six years at LetterOne, serving as director of group companies and country head of compliance, with a focus on pre-acquisition governance and post-deal operational improvement.

Since 2022, founder and CEO of AMP X GROUP, Luxembourg’s leading provider in EV charging and battery energy storage (BESS), with an expanded portfolio in building automation.
Combines fund-level governance expertise with hands-on experience deploying energy infrastructure across Europe.

Wolfgang Denk

Advisor, Fundraising

Swiss-based professional with 20+ years of experience in the nuclear energy sector, helping clients and investors navigate the complexities of nuclear investments.

Ex-Credit Suisse, Alpiq and Westinghouse, he is one of Europe’s leading experts in the intersection of nuclear energy and institutional capital.

Founder at Denk Nuclear AG, a specialized advisory in investment due diligence and risk management for nuclear power sector.

Contact us

Let's talk

Let's talk

manager@capacityfactor.eu

Investment Managment

CAPACITY FACTOR MANAGEMENT
(Société à Responsabilité Limitée)

CAPACITY FACTOR NUCLEAR FUND I SLP
(Société en Commandite Spéciale)

2-4, Parc d’Activités Capellen, L-8308 Capellen, Grand Duchy of Luxembourg

The information presented on this website is confidential, proprietary, and may include forward-looking statements subject to risks and uncertainties. Nothing herein constitutes an offer to sell or a solicitation to buy any financial instrument or fund interest. Past performance is not indicative of future results. Visitors should not construe any content as investment, legal, or tax advice and are encouraged to consult their own advisors.

manager@capacityfactor.eu

Investment Managment

CAPACITY FACTOR MANAGEMENT
(Société à Responsabilité Limitée)

CAPACITY FACTOR NUCLEAR FUND I SLP
(Société en Commandite Spéciale)

2-4, Parc d’Activités Capellen, L-8308 Capellen, Grand Duchy of Luxembourg

The information presented on this website is confidential, proprietary, and may include forward-looking statements subject to risks and uncertainties. Nothing herein constitutes an offer to sell or a solicitation to buy any financial instrument or fund interest. Past performance is not indicative of future results. Visitors should not construe any content as investment, legal, or tax advice and are encouraged to consult their own advisors.

manager@capacityfactor.eu

Investment Managment

CAPACITY FACTOR MANAGEMENT
(Société à Responsabilité Limitée)

CAPACITY FACTOR NUCLEAR FUND I SLP
(Société en Commandite Spéciale)

2-4, Parc d’Activités Capellen, L-8308 Capellen, Grand Duchy of Luxembourg

The information presented on this website is confidential, proprietary, and may include forward-looking statements subject to risks and uncertainties. Nothing herein constitutes an offer to sell or a solicitation to buy any financial instrument or fund interest. Past performance is not indicative of future results. Visitors should not construe any content as investment, legal, or tax advice and are encouraged to consult their own advisors.