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908 Largest European fusion investment on record sees Proxima Fusion raise €411 million

EU-Startups
David Cendon Garcia @ EU-Startups · 07/07/2026 03:59 EDT

Largest European fusion investment on record sees Proxima Fusion raise €411 million

Munich-based Proxima Fusion today announced a €411 million ($468 million) financing round, bringing the company’s valuation to €2.4 billion ($2.7 billion) and establishing Proxima as one of the best-funded fusion companies in Europe. The round was led by XTX Ventures and East X Ventures, with RWE and Google as strategic investors. KfW Capital, SPRIND and ...

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