Startups

PROXIMA FUSION GMBH

Proxima Fusion designs commercial stellarator fusion power plants using high-temperature superconducting magnets and engineering derived from the Wendelstein 7-X program.

Founded 2023

Team

Francesco SciortinoCo-founder and CEO

Investments

€411M2026-07-07	Lightspeed, Burda Principal Investments, Cherry Ventures, UVC Partners, SPRIND, Bayern Kapital, Balderton Capital, Elaia, Redalpine
€130M2025-06-11	Cherry Ventures, Balderton Capital, Lightspeed, Elaia, UVC Partners, Bayern Kapital, Club degli Investitori, HTGF, DeepTech & Climate Fonds, Plural, Leitmotif, Omnes Capital, Visionaries Tomorrow, Wilbe, Redalpine