Stage FocusSeed, Series A
GeographyEurope
TypeVC
Last Activity—
Industry Focus
Industries
FusionEnergy Tech
Technical BenchStrong
Investor TypeDeepTech Specialist
ExposureMostly DeepTech Investments
Bio
Proxima Fusion was founded in 2023 as the first spin-off from the Max Planck Institute for Plasma Physics, building fusion power plants using stellarator technology. They've raised €200M in total funding including a €20M seed round (April 2024) and a subsequent Series A, with investors including redalpine, Bayern Kapital, DeepTech & Climate Fonds, and UVC Partners. The team hails from IPP, MIT, Ha...
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