Munich-headquartered Proxima Fusion has raised €411m at a €2.5bn valuation in a round led by XTX Ventures and East X Ventures.
News
July 7, 2026
Google backs Proxima Fusion in €411m raise
Google has previously said it wants to “send a demand signal to the market for fusion energy”
2 min read
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# Energy# Climate tech# Balderton# Cherry Ventures# Google# Plural# Proxima Fusion# Startup Fundraise# UVC Partners

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