Germany Fusion Energy Startup Proxima Fusion Raised $149 Million in Series A Funding, Founded in 2023 as Spin-Out from Max Planck Institute for Plasma Physics (IPP) by Francesco Sciortino, Lucio Milanese, Jorrit Lion & Martin Kubie, Investors Include Cherry Ventures, Balderton Capital, UVC Partners, DeepTech & Climate Fonds (DTCF), Plural, Leitmotif, Lightspeed, Bayern Kapital, HTGF, Club degli Investitori, OMNES Capital, Elaia Partners, Visionaries Tomorrow, Wilbe & Redalpine
12th June | Hong Kong
Germany fusion energy startup Proxima Fusion has raised $149 million (€130 million) in Series A funding. Proxima Fusion was founded in 2023 as a spin-out from Max Planck Institute for Plasma Physics (IPP) by Francesco Sciortino, Lucio Milanese, Jorrit Lion & Martin Kubie, Investors Include Cherry Ventures, Balderton Capital, UVC Partners, DeepTech & Climate Fonds (DTCF), Plural, Leitmotif, Lightspeed, Bayern Kapital, HTGF, Club degli Investitori, OMNES Capital, Elaia Partners, Visionaries Tomorrow, Wilbe & Redalpine. Proxima Fusion – Proxima Fusion spun out of the Max Planck Institute for Plasma Physics (IPP) in 2023 to build fusion power plants using QI-HTS stellarators. Proxima has since assembled a world-class team of engineers, scientists and operators from leading companies and institutions, such as the IPP, MIT, Harvard, SpaceX, Tesla, and McLaren. By taking a simulation-driven approach to engineering that leverages advanced computing and high-temperature superconductors to build on the groundbreaking results of the IPP’s W7-X stellarator, Proxima is leading Europe into a new era of clean energy, for good.
“ Germany Fusion Energy Startup Proxima Fusion Raised $149 Million in Series A Funding, Founded in 2023 as Spin-Out from Max Planck Institute for Plasma Physics (IPP) by Francesco Sciortino, Lucio Milanese, Jorrit Lion & Martin Kubie, Investors Include Cherry Ventures, Balderton Capital, UVC Partners, DeepTech & Climate Fonds (DTCF), Plural, Leitmotif, Lightspeed, Bayern Kapital, HTGF, Club degli Investitori, OMNES Capital, Elaia Partners, Visionaries Tomorrow, Wilbe & Redalpine “
Germany Fusion Energy Startup Proxima Fusion Raised $149 Million in Series A Funding, Founded in 2023 as Spin-Out from Max Planck Institute for Plasma Physics (IPP) by Francesco Sciortino, Lucio Milanese, Jorrit Lion & Martin Kubie, Investors Include Cherry Ventures, Balderton Capital, UVC Partners, DeepTech & Climate Fonds (DTCF), Plural, Leitmotif, Lightspeed, Bayern Kapital, HTGF, Club degli Investitori, OMNES Capital, Elaia Partners, Visionaries Tomorrow, Wilbe & Redalpine

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