Proxima Fusion Makes History with €130M Series A Funding for Stellarator Power Plants
Deal News | Jul 18, 2025 | Orrick, Herrington & Sutcliffe
Proxima Fusion, a rapidly expanding European fusion energy company, has completed a groundbreaking €130 million Series A financing round - marking the largest private fusion investment round in Europe. The round was co-led by Cherry Ventures and Balderton Capital, with participation from a consortium of high-profile investors. Proxima Fusion, which originated from the Max Planck Institute for Plasma Physics, aims to establish the world’s first commercial fusion power plant utilizing a stellarator model. This funding elevates Proxima Fusion's total investment to over €185 million, reinforcing its position as a leader in fusion technology. Spearheaded by CEO Francesco Sciortino, the firm is positioned to leverage Europe’s fusion research legacy to become a key player in the global shift towards technological energy solutions. The move is seen as pivotal in converting Europe's research prowess into actual deployment of fusion power, setting a path towards realizing the company's ambitious energy solutions within the next decade.
Sectors
- Energy
- Venture Capital
Geography
- Europe – The company is headquartered in Munich, and the article highlights significant European involvement in terms of investment and energy development.
- Germany – Proxima Fusion is based in Munich, Germany, which is central to the company’s operations and development plans.
Industry
- Energy – The article revolves around Proxima Fusion's efforts to develop fusion power plants, which is highly relevant to the energy sector.
- Venture Capital – The article discusses a significant Series A venture capital funding round, involving multiple prominent investors in the venture capital industry.
Financials
- €130 million – The amount raised by Proxima Fusion in its Series A funding round.
- €185 million – Total funding raised by Proxima Fusion inclusive of private and public investments.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Proxima Fusion | Target Company | Company | A rapidly expanding fusion energy company seeking to develop the world's first commercial fusion power plant based on stellarator technology. |
| Cherry Ventures | Co-lead Investor | Company | A venture capital firm participating as one of the lead investors in Proxima Fusion's Series A funding round. |
| Balderton Capital | Co-lead Investor | Company | A venture capital firm that co-led the Series A financing for Proxima Fusion. |
| Orrick, Herrington & Sutcliffe | Legal Advisor | Company | The law firm representing Proxima Fusion in their Series A funding round. |
| Max Planck Institute for Plasma Physics | Origin Institute | Institution | The research institute from which Proxima Fusion spun out, providing foundational research support for the company. |
| Francesco Sciortino | CEO and Co-founder | Person | CEO and Co-founder of Proxima Fusion, leading the company’s strategic direction. |