Proxima Fusion
Announced 07 Jul 2026$469.9M · Series A · Utilities · Germany
Proxima Fusion is Europe's leading fusion company, building the first generation of stellarator fusion power plants.
“⚡ Fusion just became a €2.4 billion reality. Our portfolio company Proxima Fusion has closed a €411 million Series A2, the largest fusion financing round in European history, led by XTX Ventures and East X Ventures, with RWE and Google as strategic investors.”
Investors: XTX Ventures, East X Ventures, RWE, Google, Burda Principal Investments, Plural, UVC Partners, Balderton, Cherry Ventures, DST Global Partners, Brevan Howard Macro Venture, Lightspeed, redalpine, Leitmotif, Elaia, CDP Venture Capital SGR, HTGF | High-Tech Gründerfonds, Bayern Kapital, KfW Capital, SPRIND - Bundesagentur für Sprunginnovationen, EIC Fund.