Proxima is building stellarator fusion power plants, the clearest, most robust path to commercial fusion energy.
Entrepreneurs
Francesco Sciortino
Lucio Milanese
Martin Kubie
Jorrit Lion
Jonathan Schilling
Barrington D’Arcy
Elaia Team
Anne-Sophie Carrese
Clément Vanden Driessche
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Proxima Fusion, Europe’s fastest-growing fusion energy company, today announced the close of its €130 million ($150 million) Series A financing — the largest private fusion investment round in Europe. The Series A financing was co-led by Cherry Ventures and Balderton Capital. Significant participation also came from UVC Partners, DeepTech & Climate Fonds (DTCF), Plural, Leitmotif, Lightspeed, Bayern Kapital, HTGF, Club degli Investitori, Omnes Capital, Elaia Partners, Visionaries Tomorrow, Wilbe and redalpine, the latter of which led Proxima Fusion’s seed round just one year ago.
2025.06.11 / 3min read.