European fusion energy developer Proxima Fusion has closed €130m ($150m) Series A financing to develop its fusion power plant based on a stellarator design.
According to the Munich-based company, it is the largest private fusion investment round in Europe and was co-led by Berlin-based financers Cherry Ventures and UK-based Balderton Capital.
With the close of this funding round, Proxima Fusion has secured a total of €185m in private and public capital.
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