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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”

Freya Pratty

2 min read

Munich-headquartered Proxima Fusion has raised €411m at a €2.5bn valuation in a round led by XTX Ventures and East X Ventures. 

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Freya Pratty

Freya Pratty is Sifted's associate editor. She covers UK tech and leads Sifted's investigations. Follow her on X , LinkedIn and Bluesky

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