Proxima Fusion
Building stellarators to power the future
Munich, Germany · Founded 2023 · $1.1B raised
- Headquarters
- Munich
- Employees
- 51–200
- Founded
- 2023
- Business Model
- B2B
- Website
- proximafusion.com
- Total Funding
- $1.1B
- Last Round
- $469.0M Growth EquityJul 2026
- Rounds
- 6
About
Proxima Fusion is a Munich-based fusion energy company and the first spin-out from the Max Planck Institute for Plasma Physics. It is building the first generation of commercial fusion power plants using quasi-isodynamic (QI) stellarators, leveraging research from the record-breaking Wendelstein 7-X stellarator. Its Stellaris power plant concept, published in 2025, is designed for continuous grid-ready operation.
Summary
Proxima Fusion is a Clean Energy company based in Munich, Germany, founded in 2023. It has raised $1.1B in total across 6 rounds, most recently a $469.0M Growth Equity round in Jul 2026. Investors include XTX Ventures, Plural and UVC Partners.
Tech & App Stack
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Funding History
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Jul 2026
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Angel through Growth Equity — per-round amounts, valuations, and who invested in each round.
Investors
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