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Proxima Fusion logo — Building stellarators to power the future

Proxima Fusion

Building stellarators to power the future

Founded 2023 Germany Germany 196 employees Venture round Total: $662.00M Energy

General Information

Company Name Proxima Fusion
Founded Year 2023
Location Germany Germany
Employees 196
Industries Energy
Funding Stage Venture round
Business Model B2B, B2G, B2B2B
Revenue Model Project Based, Product Sales, Licensing
Hiring 20 roles posted in the month to 22 Oct 2026
Offices as of Oct 2026
Munich, Germany
Social

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Recorded by Bounce Watch from public sources. Every entry below carries the date we observed it, and when we have not looked recently the page says so rather than leaving silence to imply nothing happened.

New Partnership Oct 22, 2026

Proxima Fusion is working with DWE GmbH to build and derisk hardware for their stellarator demonstrator.

Actively Hiring Oct 20, 2026

Hiring for 18 positions in the last 30 days.

Event Participation Oct 19, 2026

Proxima Fusion's representative will be speaking at WinWinBrussels on November 3rd in Brussels.

Key Role Hiring Oct 14, 2026

Hiring for key role: CEO.

Program Acceptance Oct 12, 2026

Proxima Fusion has been accepted into the first Industrial Tech Corridor program, operating under the Kensington Treaty.

Proxima Fusion a competitor of yours? Have our desk watch it

About Proxima Fusion

Proxima Fusion, founded in 2023, is quickly emerging as a transformative player in the energy industry, known particularly for building the first generation of stellarator fusion power plants. Headquartered in Germany, Proxima Fusion is Europe’s fastest-growing fusion company, embodying its slogan, "Building stellarators to power the future."

The innovative pursuit of fusion energy positions the company at the forefront of sustainable energy. Its recent €15.00M Series A funding round, completed on 09 September 2025, showcases robust investor confidence. This round attracted support from a consortium of prominent investors, including Bayern Kapital, Brevan Howard, CDP Venture Capital, European Innovation Council Fund (EICF), DeepTech & Climate Fonds (DTCF), High–Tech Gründerfonds (HTGF), and Max Planck Foundation.

Proxima Fusion's commitment to pioneering fusion technology signifies substantial potential for growth and lucrative returns, representing a compelling opportunity for investors looking to capture value in next-generation energy solutions.

Business keywords: Stellarator Technology, Magnetic Confinement, High-Energy Particles, Fusion Power Plants, Innovative Energy Solutions, Climate Solutions, Energy Optimization, Europe’s Fusion Industry, Next-Gen Energy Tech, Advanced Energy Systems

Services & Products

Fusion Power Plant Conceptualization
Stellarator Design and Optimization
Engineering and Computational Research
Collaborative Project Development

Target Customers

Energy Companies Research Institutions Government Energy Departments Investment Entities in Renewable Energy

Funding Rounds & Investors (9)

View All
Funding Stage Amount Investors Lead Investors Date
Venture round $468.00M 21
Cherry Ventures UVC Partners Bayern Kapital
Cherry Ventures, UVC Partners +19
07 Jul 2026
Series A €15.00M 7
Bayern Kapital Brevan Howard
Bayern Kapital, Brevan Howard +5
09 Sep 2025
Series A €130.00M 13
Cherry Ventures UVC Partners Balderton Capital
Cherry Ventures, UVC Partners +11
11 Jun 2025
Grant €6.50M 1
German Federal Ministry of Education and Research
12 Oct 2024
Seed Round €15.00M 1
EIC Accelerator
15 Jul 2024
Seed Round €20.00M 9
UVC Partners Bayern Kapital Redalpine
UVC Partners, Bayern Kapital +7
09 Apr 2024
Pre Seed Round €500.00K 1
Flixfounders
16 Nov 2023
Non Equity Assistance Undisclosed -
06 Nov 2023
Pre Seed Round €7.00M 4
UVC Partners Plural Platform
UVC Partners, Plural Platform +2
30 May 2023

Latest News

View All
July 2026's top 10 European tech deals you need to know about — Tech
July 2026's top 10 European tech deals you need to know about
Tech Aug 10, 2026
Top 10 most active investors in Europe in 2026 – so far — Eu-startups
Top 10 most active investors in Europe in 2026 – so far
Eu-startups Jul 20, 2026
Nscale secures $1.4B, Proxima Fusion lands €411M, and Invest Europe sees VC rebound — Tech
Nscale secures $1.4B, Proxima Fusion lands €411M, and Invest Europe sees VC rebound
Tech Jul 10, 2026
Google and RWE back Proxima Fusion in record €411mn round — Thenextweb
Google and RWE back Proxima Fusion in record €411mn round
Thenextweb Jul 07, 2026
Largest European fusion investment on record sees Proxima Fusion raise €411 million — Eu-startups
Largest European fusion investment on record sees Proxima Fusion raise €411 million
Eu-startups Jul 07, 2026
Google backs Proxima Fusion in €411m raise — Sifted
Google backs Proxima Fusion in €411m raise
Sifted Jul 07, 2026

Proxima Fusion Alternatives & Competitors

View All Alternatives
Proxima Fusion vs
Thea Energy
Thea Energy United States

Breakthrough fusion technology designed for operation and scale.

Non Equity Assistance
92 employees
Energy, Renewable Energy
Compare Proxima Fusion vs Thea Energy
Proxima Fusion vs
Helion
Helion United States

Building the world's first fusion power plant

Series G
535 employees
ESG, Energy
Compare Proxima Fusion vs Helion
Proxima Fusion vs
Type One Energy
Type One Energy United States

Commercializing the stellarator fusion power system with advances in HTS magnets and additive manufa...

Grant
127 employees
Energy, Clean Energy
Compare Proxima Fusion vs Type One Energy
View all alternatives

FAQ About Proxima Fusion

Building stellarators to power the future
Proxima Fusion was founded in 2023.
Proxima Fusion is headquartered in Germany. As of Oct 2026, it also has offices in Munich, Germany.
Proxima Fusion operates in Energy. Its work centres on Stellarator Technology, Magnetic Confinement, High-Energy Particles and Fusion Power Plants. Its customers include Energy Companies, Research Institutions and Government Energy Departments.
Proxima Fusion has a B2B, B2G and B2B2B business model. Its revenue comes from Project Based, Product Sales and Licensing.
Proxima Fusion has approximately 196 employees.
Proxima Fusion has completed 9 funding rounds, raising a total of $662.00M. The latest funding stage is Venture round.
Proxima Fusion offers: Fusion Power Plant Conceptualization, Stellarator Design and Optimization, Engineering and Computational Research, Collaborative Project Development.
Top alternatives and competitors to Proxima Fusion include Thea Energy, Helion, Type One Energy, Gemma Power Systems, Realta Fusion. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Proxima Fusion and Thea Energy are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Proxima Fusion, https://bouncewatch.com/company/proxima-fusion, updated 12 October 2026. When citing, please name BounceWatch and link this page.

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