Proxima Fusion
Latest round
- Series B
Last raised
- Jul 2026
Total raised
- $664M
Investors
- 32
About Proxima Fusion
Based in Munich, Germany, and founded in 2023, Proxima Fusion GmbH provides stellarator fusion reactors. The company was co-founded by Francesco Sciortino (CEO), Lucio Milanese, Jorrit Lion, Martin Kubie, and Jonathan Schilling. The company offers a fusion power plant using QI stellarators providing clean, abundant, and safe energy for all. The firm’s quasi-isodynamic (QI) stellarators offer heat exhaust concepts for the island divertor. Proxima Fusion is pre-revenue and generates no commercial income, operating as an R&D-stage developer funded by equity and public grants.6 million. Future monetisation is expected from B2B sales of stellarator power plants and long-term electricity offtake agreements with utilities and industrial users. Proxima will expand high-temperature superconducting cable and magnet production, complete its Stellarator Model Coil milestone, and hire across engineering, manufacturing and operations in Munich, Zurich and Oxford, advancing toward Stellaris, its first commercial power plant at Gundremmingen later this decade.
Who invested in Proxima Fusion
32 investors across 5 rounds
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Questions about Proxima Fusion
Who invested in Proxima Fusion?
Proxima Fusion has 32 investors on record across 5 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Proxima Fusion raised?
Proxima Fusion has raised 5 venture rounds. Sign up free to see how much each round raised and the total.
When did Proxima Fusion last raise money?
Proxima Fusion's most recent round on record is a Series B, in Jul 2026.
What does Proxima Fusion do?
Based in Munich, Germany, and founded in 2023, Proxima Fusion GmbH provides stellarator fusion reactors.
Where is Proxima Fusion headquartered?
Proxima Fusion is headquartered in Munich, Germany.
Which VCs invest in companies like Proxima Fusion?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Generation Investment Management back power & utilities companies at Proxima Fusion's stage. Their profiles are linked below.
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