In a groundbreaking development for clean energy, Munich-based startup Proxima Fusion has raised €130 million in a Series A funding round, marking it as one of the largest private investments in nuclear fusion in Europe. Announced on June 10, 2025, this funding positions the company among the elite group of well-funded contenders aiming to make commercial nuclear fusion a reality.
Proxima Fusion, spun out of the prestigious Max Planck Institute for Plasma Physics, is focusing on developing stellarator-based fusion technology. Unlike the more common tokamak approach, stellarators offer improved plasma stability, which could be a game-changer in creating safe, clean, and virtually limitless energy. The company plans to use the funds to advance key components like superconducting magnets, crucial for their innovative design.
The investment round, reported by TechCrunch, reflects growing investor confidence in nuclear fusion as a viable solution to the world’s energy crisis. With a target to build a device capable of generating energy by 2031, Proxima Fusion aims to have a commercial power plant operational in the 2030s, potentially transforming the global energy landscape.
This funding surge is part of a broader trend, as venture capital continues to pour into fusion startups worldwide. Proxima Fusion’s success highlights Europe’s potential to lead in this critical technology, especially as countries race to achieve zero-emission power goals amid escalating climate concerns.
The company’s approach, rooted in decades of European research, could position it as a frontrunner in the fusion race. Investors, including prominent venture capital firms, are betting big on Proxima Fusion’s ability to deliver on its ambitious timeline and technical promises.
As the buzz around nuclear fusion intensifies, Proxima Fusion’s €130 million Series A round sends a strong signal: the future of energy may be closer than we think. The coming years will be critical as the startup works to turn scientific breakthroughs into practical, scalable solutions for a sustainable world.
Maria Lourdes
