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July 7, 2026

Proxima Fusion

Proxima Fusion is developing commercial fusion power plants based on the QI-HTS stellarator concept, building on scientific breakthroughs.

Round
Other
Amount raised
$468M
Lead investor
XTX Ventures
Industry
Clean Energy
Headquarters
Munich, Germany
Employees
51-200 employees

Other investors

  • East X Ventures
  • RWE
  • Google
  • KfW Capital
  • SPRIND
  • Burda Principal Investments
  • Plural
  • UVC Partners
  • Balderton
  • Cherry Ventures
  • DST Global Partners
  • Brevan Howard Macro Venture
  • Lightspeed
  • DTCF
  • redalpine
  • Leitmotif
  • Elaia
  • CDP Venture Capital
  • Bayern Kapital
  • EIC Fund

Source: EU-Startups