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Proxima Fusion

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.

Total raised
$470M
tracked to date
Latest round
$470M
Jul 27, 2026
Known investors
4
led by XTX Ventures

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🏆 Featured in Datapile’s Q3 2026 Germany Funding Report

Read the Q3 2026 Germany report →
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Funding history

  1. 1
    $470MJul 27, 2026

    Led by XTX Ventures

    Announcement ↗

Investors in Proxima Fusion

Backers from this company's tracked funding rounds.

  • XXTX VenturesLead investorVC firm
  • EEast X VenturesVC firm
  • GGoogleVC firm
  • RRWEVC firm

Proxima Fusion in the news

Coverage of this company's funding, tracked by Datapile.

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