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Proxima Fusion Raises $469.

Recently funded · $469.9M Series aUtilitiesDEView source

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The race for fusion energy just got a significant boost, with Proxima Fusion announcing a $469.9M Series A funding round. The substantial capital infusion positions Europe's leading fusion company to accelerate its ambitious goal of building the first generation of stellarator fusion power plants.

The round saw participation from a broad syndicate of investors, including 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, and EIC Fund.

⚡ 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.

The capital goes straight to work: funding Alpha, Proxima's net-energy stellarator demonstrator near Munich, and paving the way for Stellaris, the world's first commercial stellarator power plant.   We've been in since seed. And as our Investment Director Dr. Torsten Löffler put it: "fusion is no longer a bet on distant science, it's an investable industry today."   Turns out, backing a star was n

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