Proxima Fusion raises $470.0M (Germany, Jul 2026)
$470.0M
€411 millionGenerated social card
Headline
Google backs Proxima Fusion in €411 million round as Big Tech bets on stellarators to solve the power crunch - Startup Fortune
About
Proxima Fusion is a startup focused on developing fusion energy technology, specifically utilizing a stellarator design for continuous power generation. The company aims to create a net-energy stellarator demonstrator, Alpha, with funding from notable investors like Google and RWE. This round of funding positions Proxima as Europe's best-funded fusion startup, highlighting the increasing interest from Big Tech in sustainable energy solutions.
Article summary
Google backs Proxima Fusion in €411 million round as Big Tech bets on stellarators to solve the power crunch Startup Fortune
Investors · 4
2 hiddenRelated rounds
| Jul 23, 2026 | kausable | $12.8M | Seed | Germany |
| Jul 23, 2026 | Aampere | $4.5M | — | Germany |
| Jul 23, 2026 | Nernst Electric | $1.8M | — | Germany |
| Jul 22, 2026 | Passionfroot | $15.0M | Series A | Germany |