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430 Munich’s Proxima Fusion secures €130M to develop commercial stellarator-based fusion power plant

Silicon Canals
Vishal Singh @ Silicon Canals · 06/12/2025 06:02 EDT

Munich’s Proxima Fusion secures €130M to develop commercial stellarator-based fusion power plant

Munich-based Proxima Fusion, a fusion company, has secured €130M in Series A funding co-led by Cherry Ventures and Balderton Capital to build the world’s first commercial stellarator-based fusion power plant. Founded by Francesco Sciortino, Lucio Milanese, Jorrit Lion, Martin Kubie and Jonathan Schilling in 2023, the startup has now raised a total of more than ... Read more

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