HTGF port\u00adfo\u00adlio company Proxima Fusion has closed a funding round of 411 million euros, valuing the company at 2.4 billion euros and marking a mile\u00adstone for our multi-stage VC plat\u00adform. Led by XTX Ventures and East X Ventures, with RWE and Google as stra\u00adte\u00adgic inves\u00adtors, this round makes Proxima the best-funded fusion company in Europe. <\/p>\n
The capi\u00adtal is being inves\u00adted in Alpha, Proxima\u2019s net-energy demons\u00adtra\u00adtor near Munich, which is being deve\u00adlo\u00adped in colla\u00adbo\u00adra\u00adtion with the Free State of Bava\u00adria, the Max Planck Insti\u00adtute for Plasma Physics, and RWE on the site of a former nuclear power plant in Gund\u00adrem\u00admin\u00adgen. Alpha is inten\u00added to vali\u00addate key tech\u00adno\u00adlo\u00adgies and pave the way for Stel\u00adla\u00adris, the world\u2019s first commer\u00adcial stel\u00adla\u00adra\u00adtor fusion power plant. <\/p>\n
HTGF has been support\u00ading Proxima since its pre-seed phase in 2023; DTCF joined during the seed phase and played a key role in the Series A finan\u00adcing round in 2025.<\/p>\n
From Rese\u00adarch to Indus\u00adtrial Implementation<\/strong><\/p>\n Proxima Fusion is deve\u00adlo\u00adping commer\u00adcial fusion power plants based on its QI-HTS stel\u00adla\u00adra\u00adtor concept, buil\u00adding on the scien\u00adti\u00adfic breakth\u00adroughs of the Wendel\u00adstein-7\u2011X program. The funding will go toward Alpha, Proxima\u2019s net-energy demons\u00adtra\u00adtor near Munich, deve\u00adlo\u00adped in colla\u00adbo\u00adra\u00adtion with the Free State of Bava\u00adria, the Max Planck Insti\u00adtute for Plasma Physics, and RWE. Alpha is inten\u00added to vali\u00addate key tech\u00adno\u00adlo\u00adgies and pave the way for Stel\u00adla\u00adris, the world\u2019s first commer\u00adcial stel\u00adla\u00adra\u00adtor fusion power plant. <\/p>\n \u201cThis funding demons\u00adtra\u00adtes that Germany and Europe are capa\u00adble of mobi\u00adli\u00adzing inter\u00adna\u00adtio\u00adnal capi\u00adtal for stra\u00adte\u00adgic future tech\u00adno\u00adlo\u00adgies,\u201d says Dr. Fran\u00adcesco Sciort\u00adino, co-foun\u00adder and CEO of Proxima Fusion<\/strong>. \u201cThe inter\u00adna\u00adtio\u00adnal inves\u00adtor commu\u00adnity has sent a strong signal: it has confi\u00addence not only in Europe\u2019s scien\u00adti\u00adfic excel\u00adlence, but also in our ability to build globally compe\u00adti\u00adtive indus\u00adtrial compa\u00adnies based on that excellence.\u201d <\/p>\n Romy Schnelle, Mana\u00adging Direc\u00adtor of DTCF and HTGF<\/strong>: \u201cWhen we funded Proxima in the pre-seed phase, fusion was still just a scien\u00adti\u00adfic ambi\u00adtion for most people. Just three years later, with 411 million euros in funding and inves\u00adtors like RWE and Google, it has become an indus\u00adtrial reality. Reco\u00adgni\u00adzing this shift early on and having the courage to fund it\u2014that is exactly what our multi-stage VC plat\u00adform stands for.\u201d <\/p>\n Johan\u00adnes Weber, Part\u00adner at HTGF: \u201cWe\u2019ve supported Proxima since the very first round\u2014not in spite of, but because of its ambi\u00adtion. Ground\u00adbrea\u00adking deep tech that can spark a new econo\u00admic mira\u00adcle in Germany and Europe is exactly what gets us out of bed in the morning. Proxima has a real chance to create an enti\u00adrely new indus\u00adtry and supply chain with far-reaching econo\u00admic impli\u00adca\u00adti\u00adons. We couldn\u2019t be prou\u00adder to be part of this journey.\u201d <\/p>\n https:\/\/www.htgf.de\/<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" HTGF port\u00adfo\u00adlio company Proxima Fusion has closed a funding round of 411 million euros, valuing the company at 2.4 billion euros and marking a mile\u00adstone for our multi-stage VC plat\u00adform. Led by XTX Ventures and East X Ventures, with RWE and Google as stra\u00adte\u00adgic inves\u00adtors, this round makes Proxima the best-funded fusion company in Europe. [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":60568,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[1366],"tags":[],"class_list":["post-60570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en"],"yoast_head":"\n