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June 11, 2025

Germany’s Proxima Fusion secures €130m

The Munich-based company hopes to build a demonstration plant by 2031

Freya Pratty

2 min read

German startup Proxima Fusion has raised a €130m Series A round — the largest funding round for a European fusion startup. 

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Freya Pratty

Freya Pratty is a senior reporter and investigations lead at Sifted. Follow her on X , LinkedIn and Bluesky

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