Proxima Fusion raised €411 million, described as the largest European fusion investment on record.
- Amount
- $470M
- Announced
- 7 July 2026
- Leads
- XTX Ventures, East X Ventures
- Other investors
- RWE, Google, KfW Capital, SPRIND, Burda Principal Investments, Plural, UVC Partners, Balderton, Cherry Ventures, DST Global Partners
- Use of funds
- Expand HTS cable and magnet production, develop stellarator engineering and manufacturing systems, and build Alpha demonstrator.
- Valuation
- $2.7B
- Checked
- Amount and date matched across 2 press sources