Company intelligence

Proxima Fusion

Develops quasi-isodynamic stellarators for fusion power generation.

EnergyMunich, GermanyFounded 2023Founders: Francesco Sciortino, Lucio Milanese, Jorrit Lion, Jonathan Schilling, Martin Kubie
Last verified Jul 2026

Key Metrics

Total funding
€411M (cumulative, announced Jul 2026)
As of Jul 2026Wikipedia

Company Snapshot

Proxima Fusion is a Energy company, based in Munich, Germany, founded 2023 by Francesco Sciortino, Lucio Milanese, Jorrit Lion, Jonathan Schilling, Martin Kubie. Total funding €411M (cumulative, announced Jul 2026) (As of Jul 2026).

Recent changes

  1. Jul 7, 2026Proxima Fusion Raises $468M, Hits $2.7B Valuation Pulse story
  2. Jul 2026Raised €411M (total incl. this round) Growth round Wikipedia
  3. Jul 2026First reported total funding: €411M (cumulative, announced Jul 2026) Wikipedia
  4. Jul 2026New investor: Alphabet Wikipedia
  5. Sep 2025Raised €15M Series A (extension) Wikipedia
Earlier changes (2)
  1. Jun 2025Raised €130M Series A Wikipedia
  2. 2023Raised €20M Seed Wikipedia

Funding History

4 events · sources dated per row
DateEventAmountValuationInvestorsSource
Jul 1, 2026Growth round€411M (total incl. this round)—
Alphabet
Wikipedia
Sep 1, 2025Series A (extension)€15M—
Wikipedia
Jun 1, 2025Series A€130M—
Wikipedia
Jan 1, 2023Seed€20M—
redalpineBayern KapitalDeepTech & Climate FondsMax Planck Foundation
Wikipedia

Investors

Alphabet

Latest Pulse

  1. Proxima Fusion Raises $468M, Hits $2.7B ValuationMunich-based Proxima Fusion raised €411 million from Google and RWE at a €2.4 billion valuation, becoming Europe's best-funded fusion company as it targets a net-energy demonstrator in the early 2030s.→

Coverage Timeline

newest first
  1. FUNDINGProxima Fusion Raises $468M, Hits $2.7B Valuation→

All Coverage

FUNDING

Proxima Fusion Raises $468M, Hits $2.7B Valuation

Value Add Research

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