Valar Atomics Sues Its Own Investor, Day One, Over Funding Round Allocation

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Nuclear reactor startup Valar Atomics has sued early investor Day One Ventures in Delaware over the allocation of its latest $1 billion funding round. The company says the venture firm was excluded from the round, an unusual dispute between a startup and one of its own backers.

Nuclear reactor startup Valar Atomics says it has sued one of its early backers, Day One Ventures, in Delaware court after shutting out the venture firm from its recent $1 billion funding round. Founders rarely sue their own investors, but Valar is asking the court to declare that the startup ...