# Proxima Fusion

Just three deals make up almost half of all VC funding in Germany this year
Pro
Sifted data
August 28, 2026
Just three deals make up almost half of all VC funding in Germany this year
More than a third of all German VC funding since Sifted started tracking in 2024 has gone to just 10 companies
Tom Nugent and Jonathan Sinclair
The European startups racing to power the AI boom, mapped
Pro
Market map
July 31, 2026
The European startups racing to power the AI boom, mapped
From nuclear to geothermal to tidal power, Sifted maps the European startups developing new sources of electricity for the continent’s growing data centre buildout
Jonathan Sinclair
Google backs Proxima Fusion in €411m raise
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”
Freya Pratty
Europe’s investors eye nuclear startups amid ‘massive scramble’ for sovereign energy
Pro
Analysis
June 25, 2026
Europe’s investors eye nuclear startups amid ‘massive scramble’ for sovereign energy
Some investors report seeing more nuclear startups in the market, but big challenges remain
Anne Sraders
100+ companies the €5bn Scaleup Europe Fund could back
Pro
List
May 22, 2026
100+ companies the €5bn Scaleup Europe Fund could back
We've been asking investors which companies they think the fund will back
Freya Pratty, Anne Sraders and Federico Scolari
UVC Partners raises €77m first close of new growth fund in ‘move into multi-stage investing’
News
March 12, 2026
UVC Partners raises €77m first close of new growth fund in ‘move into multi-stage investing’
The VC is planning to launch more, and larger, funds in the future
Anne Sraders
Europe’s big fusion opportunity
News
March 5, 2026
Europe’s big fusion opportunity
An extract from "European dynamism", a new report by Redalpine, produced in association with Sifted
In partnership with: Redalpine
Nuclear startup Proxima Fusion eyes €1.2bn from German government
Pro
News
February 26, 2026
Nuclear startup Proxima Fusion eyes €1.2bn from German government
CEO confident of winning government tender set to launch later this year
Freya Pratty and Éanna Kelly
10 predictions for German tech in 2026
Pro
Features
January 8, 2026
10 predictions for German tech in 2026
Sifted asked 10 founders and investors what’s in store for Germany’s tech future
Miriam Partington
‘We're the inevitable winner’ says Proxima Fusion, as it extends Series A to €145m
Exclusive
September 9, 2025
‘We're the inevitable winner’ says Proxima Fusion, as it extends Series A to €145m
Lobbying governments has become a key part of Proxima's work, its founder tells Sifted
Freya Pratty
Fusion fever: Europe’s startups race to power the future
Pro
Analysis
June 19, 2025
Fusion fever: Europe’s startups race to power the future
With European governments pledging billions and VCs waking up to fusion, Sifted lists the key startups
Mimi Billing
Germany’s Proxima Fusion secures €130m
News
June 11, 2025
Germany’s Proxima Fusion secures €130m
The Munich-based company hopes to build a demonstration plant by 2031
Freya Pratty
What Europe needs to win the nuclear fusion race
Pro
Sifted View
March 17, 2025
What Europe needs to win the nuclear fusion race
There is little doubt that fortunes will one day be made by those with deep enough pockets and sufficient vision — and patience
John Thornhill
Fusion energy startup unveils ‘breakthrough’ with plans for commercial power plant
News
February 26, 2025
Fusion energy startup unveils ‘breakthrough’ with plans for commercial power plant
Germany's Proxima Fusion says it's the first to put together a "coherent" concept for a working fusion plant that could supply the grid
Kai Nicol-Schwarz
‘We have to find the Europeans who’ve gone to the US and drag them back here’: Proxima Fusion’s Francesco Sciortino
Interview
December 18, 2024
‘We have to find the Europeans who’ve gone to the US and drag them back here’: Proxima Fusion’s Francesco Sciortino
Nuclear fusion may be the biggest industry of the next century, says Proxima Fusion's CEO on the Sifted Podcast — and Europe needs to seize the opportunity
Amy Lewin
The VC behind Europe’s leading startup ecosystem
Analysis
May 6, 2024
The VC behind Europe’s leading startup ecosystem
UVC Partners, founded within UnternehmerTUM, is one of Europe’s leading B2B deeptech investors
Sponsored by: UVC Partners

# Proxima Fusion

Just three deals make up almost half of all VC funding in Germany this year

The European startups racing to power the AI boom, mapped

Google backs Proxima Fusion in €411m raise

Europe’s investors eye nuclear startups amid ‘massive scramble’ for sovereign energy

100+ companies the €5bn Scaleup Europe Fund could back

UVC Partners raises €77m first close of new growth fund in ‘move into multi-stage investing’

Europe’s big fusion opportunity

Nuclear startup Proxima Fusion eyes €1.2bn from German government

10 predictions for German tech in 2026

‘We're the inevitable winner’ says Proxima Fusion, as it extends Series A to €145m

Fusion fever: Europe’s startups race to power the future

Germany’s Proxima Fusion secures €130m

What Europe needs to win the nuclear fusion race

Fusion energy startup unveils ‘breakthrough’ with plans for commercial power plant

‘We have to find the Europeans who’ve gone to the US and drag them back here’: Proxima Fusion’s Francesco Sciortino

The VC behind Europe’s leading startup ecosystem