Proxima Fusion

General Information

Company Name

Proxima Fusion

Founded Year

2023

Location (Offices)

Germany +1

Founders / Decision Makers

Number of Employees

Industries

Energy

Funding Stage

Grant

Social Media

Proxima Fusion - Company Profile

Proxima Fusion is a German startup founded in 2023 with a focus on designing optimised stellarator fusion reactors, which are deemed the most promising and robust concept for a fusion power plant. The company operates in the Energy sector and has recently secured a noteworthy €20.00M Seed investment on 10 April 2024. The investment round was led by a consortium of prominent investors including High-Tech Gründerfonds, UVC Partners, Bayern Kapital, Redalpine, DeepTech & Climate Fonds, Max Planck Foundation, Plural, Wilbe, TOMORROW of Visionaries Club.

Taxonomy: fusion power, stellarator, nuclear energy, reactor optimization, high-temperature plasma, magnetic confinement, energy innovation, sustainable energy, advanced technology, energy production, clean energy, power generation, innovative engineering

Funding Rounds & Investors of Proxima Fusion (6)

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Funding Stage	Amount	No. Investors	Investors	Date
Grant	€6.50M	1	German Federal Ministry of Education and Research	12 Oct 2024
Seed Round	€15.00M	1	EIC Accelerator	15 Jul 2024
Seed Round	€20.00M	9	HTGF \| High-Tech Gruenderfonds, Max Planck Foundation +1	09 Apr 2024
Pre Seed Round	€500.00K	1	Flixfounders	16 Nov 2023
Non Equity Assistance	Unknown	-		06 Nov 2023