Proxima Fusion raises €411M in record European fusion investment, reaches €2.4B valuation
By
David Cendon Garcia
Summary
Munich-based fusion energy startup Proxima Fusion has raised €411 million ($468 million) in what is described as the largest European fusion investment on record. The round was led by XTX Ventures and East X Ventures, with strategic investments from RWE and Google, alongside a consortium of other investors. The financing brings Proxima's valuation to €2.4 billion ($2.7 billion), positioning it as one of the best-funded fusion companies in Europe. The company is working on commercializing fusion energy technology.
Source
bskyProxima Fusion raises €411M in record European fusion investment, reaches €2.4B valuationeu-startups.comKey quotes
· 3 pulledMunich-based Proxima Fusion today announced a €411 million ($468 million) financing round, bringing the company's valuation to €2.4 billion ($2.7 billion) and establishing Proxima as one of the best-funded fusion companies in Europe.
The round was led by XTX Ventures and East X Ventures, with RWE and Google as strategic investors.
KfW Capital, SPRIND and Burda Principal Investments joined the round alongside returning investors including Plural, UVC Partners, Balderton, Cherry Ventures, DST Global Partners, Brevan Howard Macro Venture, Lightspeed, DTCF, redalpine, Leitmotif, Elaia, CDP Venture
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