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German Fusion Startup Announces Additional €15 Million Funding From Series A Round

By David Dalton
9 September 2025

Proxima wants to develop ‘sovereign’ nuclear technology for Europe

German Fusion Startup Announces Additional €15 Million Funding From Series A Round
Proxima Fusion said it is finalising a site for Alpha, its demonstration stellarator. Courtesy Proxima Fusion.
Fusion energy developer Proxima Fusion has announced an extension to its Series A round with €15m ($17.6m) in additional funding as it seeks to develop a “sovereign” fusion power plant for Europe.

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