Funding
Pre-seed · Climate tech

Proxima Fusion raises €7 million pre-seed for stellarator power plant design

Plural and UVC Partners co-lead the first financing of the Max Planck plasma physics spinout.

By RoundOS Funding desk

Proxima Fusion is taking stellarator research toward the engineering of commercial fusion power plants. The Munich startup builds on work at the Max Planck Institute for Plasma Physics and its Wendelstein 7-X experiment.

The team’s initial programme focuses on a fusion power plant design, combining modern optimisation tools with engineering capabilities. High-Tech Gründerfonds and Wilbe join the two co-leads in the financing.

Use of funds

Complete an initial stellarator power plant design

Develop simulation and engineering capabilities

Funding history

Pre-seed · This round€7M

Sources

  1. Proxima Fusion Pre-seed announcementuvcpartners.com · May 30, 2023

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