Proxima Fusion

Munich, DE · 10 known investors

Proxima develops stellarator fusion power plants designed to deliver clean, grid-ready electricity. The company builds on stellarator research to commercialize fusion energy for global power generation.

CleantechDeep TechEnergyin /proximafusion

Founders & leadership

Dr. Francesco SciortinoCEO and co-founder

Dr. Lucio MilaneseCo-founder and Chief External Affairs Officer

Dr. Jorrit LionChief Scientist and co-founder

Martin KubieinChief Engineer and co-founder

Jonathan SchillinginHead of Labs and co-founder

Investors · 10

Balderton CapitalLondon · $5M – $50M

Bayern KapitalLandshut · $275K – $55M

Burda Principal InvestmentsMunich

Cherry VenturesBerlin · $2.2M – $7.7M

DeepTech & Climate FondsMunich · $5.5M – $55M

PluralLondon

UVC PartnersMunich · $500K – $10M

XPRENEURSGarching

ElaiareportedParis · $108K – $1.6M

redalpinereportedZug · $108K – $2.2M

In the news

Google, RWE Back German Nuclear Startup Proxima Fusion at €2.4 Billion Valuation - Bloombergbloomberg.com · 2026
Proxima Fusion raises €411M for fusion poweraxios.com · 2026
Largest European fusion investment on record sees Proxima Fusion raise €411 million | EU-Startupseu-startups.com · 2026
Proxima Fusion Raises $469 Million For Europe Fusion Pushfinance.yahoo.com · 2026
Google backs Proxima Fusion in $468 million roundcnbc.com · 2026
Proxima Fusion Raises €411 Million at a €2.4B Valuation to Build Europe’s Commercial Fusion Championbusinesswire.com · 2026