Startups

Proxima Fusion

Munich, Germany

Munich fusion startup building quasi-isodynamic stellarator power plants. Founded in 2023 as a Max Planck IPP spin-out.

Founded 2023

Team

No team members on record yet.

$470M2026-07-07	Ian Hogarth, Daniel Waterhouse, Filip Dames, Harald Nieder
€411M2026-07-07	Lightspeed, DCVC, Burda Principal Investments, Plural Platform, UVC Partners, SPRIND, Balderton Capital, Cherry Ventures, Elaia, Plural, Redalpine
€130M2025-06-11	Cherry Ventures, Balderton Capital, Lightspeed, Plural Platform, UVC Partners, Bayern Kapital, Club degli Investitori, Elaia, Plural, Redalpine, Ian Hogarth, Daniel Waterhouse, Filip Dames
€130M2025-06-10	Lightspeed
$—2024-04-10	Redalpine, Plural
$22M2024-04-09	Ian Hogarth, Harald Nieder
$8M2023-05-30	Plural, Ian Hogarth