Wednesday, June 11, 2025

German startup Proxima Fusion joins the club of well-funded nuclear fusion contenders with €130M Series A

Good news! Will we finally be able to generate energy from nuclear fusion!

I just blogged here about tokamak versus stellarator design.

"Commercial nuclear fusion power isn’t a reality yet. But venture capital is flowing into startups that promise that clean, safe, and virtually limitless energy is no longer just a distant dream.

Most fusion companies that have raised over $100 million are based in the United States. Not Proxima Fusion, a German startup that has just secured a €130 million Series A round of funding (approximately $148 million) led by Balderton Capital and Cherry Ventures.

This brings Proxima’s public and private funding to date over €185 million ($200 million), increasing its chances to be one of Europe’s top contenders in this race for an alternative to fission, one which does not depend on uranium or other imported fissile materials used in current nuclear reactors. ..."

Proxima Fusion joins the club of well-funded nuclear contenders with €130M Series A | TechCrunch






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