Proxima Fusion

Proxima Fusion is developing stellarator power plants designed to turn fusion research into a dependable source of electricity. Its approach combines advanced computer modelling, quasi-isodynamic magnetic confinement and high-temperature superconducting magnets, building on discoveries from Germany’s Wendelstein 7-X program.

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Funding Round
Funding Amount
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Series B7 Jul, 2026
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Series A9 Sep, 2025
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Series A11 Jun, 2025
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Seed15 Jul, 2024
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Seed9 Apr, 2024
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Pre Seed16 Nov, 2023
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Pre Seed30 May, 2023
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Proxima Fusion
Jul 7, 2026 •Show on chart

Proxima Fusion Raises €411 Million at a €2.4B Valuation to Build Europe’s Commercial Fusion Champion

KfW Capital, SPRIND and Burda Principal Investments joined the round alongside returning investors including Plural, UVC Partners, Balderton, Cherry Ventures, DST Global Partners ...

https://www.businesswire.com/news/home/20260707899566/en/Proxima-Fusion-Raises-%E2%82%AC411-Million-at-a-%E2%82%AC2.4B-Valuation-to-Build-Europes-Commercial-Fusion-Champion

Investors3

Cherry VenturesCherry Ventures
Balderton CapitalBalderton Capital
GoogleGoogle