Proxima Fusion · series a · EUR 650M+ raised
📍 Zurich
Listed October 21, 2026
Proxima Fusion is building Europe's first commercial stellarator fusion power plant, spun out of the Max Planck Institute for Plasma Physics. It raised a EUR 411M Series A2 at a EUR 2.4B valuation led by XTX Ventures and East X Ventures, with Google and RWE joining, on Jul 7, 2026. Hiring across engineering, physics, software and operations in Munich and Zurich.
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