Proxima Fusion

Proxima Fusion is a fusion energy company building the world’s first commercial fusion power plant based on a stellarator design. The company spun out of the Max Planck Institute for Plasma Physics (IPP) to build fusion power plants using QI-HTS stellarators, utilizing simulation-driven engineering and high-temperature superconducting (HTS) technology to achieve clean energy.

Funding Round: Series A

Funding Amount: €130M

Date: 11-Jun-2025

Investors: Cherry Ventures, Balderton Capital, UVC Partners, DeepTech & Climate Fonds (DTCF), Plural, Leitmotif, Lightspeed, Bayern Kapital, HTGF, Club degli Investitori, Omnes Capital, Elaia Partners, Visionaries Tomorrow, Wilbe, redalpine

Markets: Energy, CleanTech, Electric Power Generation

HQ: Munich, Bavaria, Germany

Founded: 2023

Website: https://www.proximafusion.com/

LinkedIn: https://www.linkedin.com/company/proximafusion

Twitter: https://twitter.com/proximafusion

Instagram:

Facebook:

Crunchbase: https://www.crunchbase.com/organization/proxima-fusion

Pitchbook: https://pitchbook.com/profiles/company/528485-95