NRG-014 Energy & Climate · Private
Proxima Fusion
Stellarator fusion power plants.
- Founded
- 2023
- 3 years ago
- Total raised
- $664M
- Disclosed equity, Sep 2026
- Team
- 180
- Headcount, Sep 2026
- Latest round
- Series A2
1 General description
Proxima Fusion designs commercial fusion power plants based on quasi-isodynamic stellarators. It raised a EUR 411 million round in July 2026 at a EUR 2.4 billion valuation.
2 Features
3 Specifications
| Parameter | Value | Notes |
|---|---|---|
| Category | Energy & Climate | Pin 05, yellow band |
| Flagship product | — | No single flagship |
| Headquarters | Munich, Germany | Europe |
| Status | Private | |
| Business model | B2B | Sells to businesses |
| Backers | XTX Ventures, East X Ventures, RWE, Google | Through Series A2 |
| Website | proximafusion.com ↗ | |
| Profiles | LinkedIn ↗ |
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