Proxima Fusion
Munich-based fusion startup, which is designing fusion power plants based on the stellarator concept
Proxima Fusion has raised €582M across 6 funding rounds from 35 investors, most recently a round in Jul 2026. Based in Munich, Germany; active in Energy. Data as of 28 Oct 2026.
Munich, Germanywww.proximafusion.com ↗
Total raised
€582M
€581,841,380
Funding rounds
6
Investors
35
distinct backers
Active since
2023-05
latest 2026-07
Funding by year
EUR raised per year · 2026 YTDProxima Fusion — funding by year — interactive chart.
Data table
| Proxima Fusion — funding by year | |
|---|---|
| 2023 | €7.5M |
| 2024 | €20M |
| 2025 | €145M |
| 2026 | €409M |
Signals
High confidenceRaise-next likelihood20
base rate 30% for Other
- ▼ Raised very recently
- ▲ Up-round momentum
- ▼ Low backer re-investment
Exit likelihood41
base rate 11% (2+ rounds)
- ▲ €100M+ raised
- ▲ 6 rounds raised
- ▲ Recently backed by strong-exit-track investors
Timing: too soon vs cohort gap · momentum up. Funding-only estimates, not predictions and not investment advice — see signals.
Funding rounds
6 rounds| Date | Stage | Amount | Investors | |
|---|---|---|---|---|
| 2026-07-07 | Other | €409M | Balderton Capital,Bayern Kapital,Brevan Howard Macro Venture,Burda Principal Investments,CDP Venture Capital,Cherry Ventures+15 more | View deal → |
| 2025-09-09 | Series A | €15M | Brevan Howard,CDP Venture Capital,the European Innovation Council Fund (EICF) | View deal → |
| 2025-06-11 | Series A | €130M | Balderton Capital,Bayern Kapital,Cherry Ventures,Club degli Investitori,DeepTech & Climate Fonds (DTCF),Elaia Partners+8 more | View deal → |
| 2024-04-10 | Seed | €20M | Bayern Kapital,German government-backed DeepTech & Climate Fonds,High-Tech Gründerfonds (HTGF),Max Planck Foundation,Plural,Redalpine+3 more | View deal → |
| 2023-11-16 | Pre-Seed | €500k | Private Investors | View deal → |
| 2023-05-30 | Pre-Seed | €7.0M | High-Tech Gründerfonds (HTGF),Plural Platform,UVC Partners,Wilbe Capital | View deal → |
Investors
35Balderton CapitalBayern KapitalBrevan HowardBrevan Howard Macro VentureBurda Principal InvestmentsCDP Venture CapitalCherry VenturesClub degli InvestitoriDeepTech & Climate Fonds (DTCF)DST GlobalEast X VenturesEIC FundElaia PartnersGerman government-backed DeepTech & Climate FondsGoogleHigh-Tech Gründerfonds (HTGF)KFWLeitmotifLightspeed Venture PartnersMax Planck FoundationOmnes CapitalPluralPlural PlatformPrivate InvestorsRedalpineRWESPRINDthe European Innovation Council Fund (EICF)Tomorrow Fund of Visionaries ClubUVC PartnersVisionaries TomorrowWilbe CapitalXTX Ventures
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