Proxima Fusion (Series A)
Funding Details
Awarder
RSS - techcrunch.com
Date Award
June 10, 2025
Vertical
Nuclear Fusion
Funding URL
View Funding Page
Funding Amount
$148,000,000
Company Info
Traction
Proxima Fusion has raised over €185 million in total funding, including a recent €130 million Series A round, and has published plans for a working fusion power plant in a peer-reviewed journal.
Founders
Francesco Sciortino
Market
Energy
Location
Munich, Germany
Coinvestors
Balderton Capital, Cherry Ventures, Bayern Kapital, Club degli Investitori, DeepTech & Climate Fonds, Elaia, HTGF, Leitmotif, Lightspeed, OMNES Capital, redalpine, Visionaries Tomorrow, UVC Partners
Company Description

Proxima Fusion is a German startup focused on developing commercial nuclear fusion power, utilizing a stellarator design to confine hot plasma for fusion. The company aims to provide clean, safe, and virtually limitless energy as an alternative to traditional fission reactors.

Links
Website
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