Proxima Fusion (Series A)
Funding Details
Awarder
Inbox
Date Award
July 20, 2025
Vertical
Climate tech, Nuclear energy
Funding URL
View Funding Page
Funding Amount
$130,000,000
Company Info
Founding Year
2023
Traction
Proxima Fusion has raised a total of €185m in funding so far and aims to construct its magnets by 2027, with plans for a demonstration plant by 2031.
Market
Energy production
Location
Munich, Germany
Coinvestors
Cherry Ventures, Balderton Capital, UVC Partners, DTCF, Plural, Leitmotif, Lightspeed, Bayern Kapital, HTGF, Club degli Investitori, OMNES Capital, Elaia Partners, Visionaries Tomorrow, redalpine
Company Description

Proxima Fusion is a Munich-based startup founded in 2023 as a spin-out from the Max Planck Institute for Plasma Physics (IPP). The company aims to develop fusion technology by building a stellarator that uses magnets to heat hydrogen plasma, allowing atomic nuclei to fuse and release energy for electricity generation.

Links
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