Series A Round

Proxima Fusion is Europe's fastest-growing fusion startup, focused on building the first generation of fusion power plants using quasi-isodynamic (QI) stellarators. The company aims to revolutionize the energy sector by providing a sustainable and virtually limitless source of energy through nuclear fusion technology. With this funding, Proxima Fusion plans to accelerate the development of its innovative fusion technology and bring the world's first commercial stellarator-based fusion power plant to fruition in the 2030s. This funding round brings the total Series A funding to €200 million (approximately $230 million), with a total post-money valuation of €200 million. The company is headquartered in Munich, Germany, and is positioned to lead the transition to clean energy in Europe. Proxima Fusion's technology promises to address the global energy crisis by offering a cleaner alternative to fossil fuels, thereby contributing to climate change mitigation efforts. The recent funding will be utilized for hardware execution and scaling operations to meet the growing demand for sustainable energy solutions.