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Company Snapshot
Proxima Fusion is a Energy company, based in Munich, Germany, founded 2023 by Francesco Sciortino, Lucio Milanese, Jorrit Lion, Jonathan Schilling, Martin Kubie. Total funding €411M (cumulative, announced Jul 2026) (As of Jul 2026).
Recent changes
- Jul 7, 2026Jul 7, 2026Raised €411M Bloomberg
- Jul 7, 2026Jul 7, 2026New investor: RWE Bloomberg
- Jul 7, 2026Jul 7, 2026Proxima Fusion Raises $468M, Hits $2.7B Valuation Pulse story
- Jul 2026Jul 2026Raised €411M (total incl. this round) Growth round Wikipedia
- Jul 2026Jul 2026First reported total funding: €411M (cumulative, announced Jul 2026) Wikipedia
Funding History
5 events · sources dated per row| Date | Event | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| Jul 7, 2026 | funding round | €411M | — | Bloomberg | |
| Jul 2026 | Growth round | €411M (total incl. this round) | — | Alphabetunverified | Wikipedia |
| Sep 2025 | Series A (extension) | €15M | — | Wikipedia | |
| Jun 2025 | Series A | €130M | — | Wikipedia | |
| 2023 | Seed | €20M | — | Wikipedia |
Investors
Latest Pulse
- Aug 15, 202618 Fusion Startups Have Now Raised Over $100M EachAt least 18 fusion-energy companies have raised more than $100 million each in private capital, led by Commonwealth Fusion Systems at roughly $3.94 billion and Helion at $3.2 billion in committed capital.→
- Jul 20, 2026General Fusion's Debut Sets a Precedent for Hard-Tech IPOsGeneral Fusion became the first publicly traded pure-play fusion energy company on July 13, a milestone landing as private fusion funding surges to $4.5 billion over the past year.→
- Jul 7, 2026Proxima Fusion Raises $468M, Hits $2.7B ValuationMunich-based Proxima Fusion raised €411 million from Google and RWE at a €2.4 billion valuation, becoming Europe's best-funded fusion company as it targets a net-energy demonstrator in the early 2030s.→
- Jul 7, 2026Standard Nuclear Sets Terms for $356M NYSE IPOStandard Nuclear disclosed terms for its NYSE IPO on July 7, offering 18.25 million shares at $18-$21 to raise up to $355.9 million and fund expansion of its domestic nuclear-fuel production.→
Coverage Timeline
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Proxima Fusion FAQ
How much has Proxima Fusion raised?
Proxima Fusion has raised €411M (cumulative, announced Jul 2026) in total funding (As of Jul 2026, Wikipedia).
Who are Proxima Fusion's investors?
Proxima Fusion's investors include redalpine, Alphabet, Bayern Kapital, DeepTech & Climate Fonds, Max Planck Foundation, and 2 more (As of Jul 2026).
Sources & methodologyshow
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.