Proxima Fusion secures €130 million in Series A funding to advance its mission of creating the world's first commercial fusion power plant, reinforcing Europe's leadership in clean energy technology.

Target Overview

Proxima Fusion, established in April 2023 as a spinoff from the Max Planck Institute for Plasma Physics (IPP), is Europe's leading fusion energy company. With the mission of developing the world’s first commercial fusion power plant using advanced stellarator technology, Proxima Fusion has garnered significant attention and support from investors and researchers alike. The company aims to revolutionize the energy landscape by leveraging innovative engineering and cutting-edge research to achieve clean, limitless energy.

As of June 2025, Proxima Fusion successfully closed its €130 million ($150 million) Series A financing round, marking the largest private investment in fusion technology in Europe. This funding round was co-led by notable venture capital firms Cherry Ventures and Balderton Capital, and included participation from various investors such as UVC Partners and DeepTech & Climate Fonds, among others. With this capital infusion, Proxima Fusion’s total funding has now surpassed €185 million ($200 million), positioning it strategically to advance its ambitious goals.

Industry Overview

The fusion energy sector in Europe is undergoing a transformative phase, as governments and research institutions increasingly recognize the potential of fusion as a critical component of future energy systems. Countries like Germany, the UK, France, and Italy are making substantial investments in