Funding
Pre-seed extension · Climate tech

Proxima Fusion extends pre-seed with European founder backing

The extension brings total funding to €7.5m for the stellarator fusion company.

By RoundOS Funding desk

Proxima Fusion announced an extension to its pre-seed financing on November 16, 2023, bringing total funding to €7.5 million. New backers include Visionaries Tomorrow, Hummingbird Collective, Achleitner Ventures, Bosch Holding and FlixFounders, alongside angel investors.

The Munich company develops fusion power plants using quasi-isodynamic stellarators. The financing adds founder and industrial backing to the €7 million pre-seed previously led by Plural and UVC Partners. The extension’s incremental amount was not separately disclosed.

Funding history

Pre-seed extension · This roundUndisclosed
Pre-seed€7M

Sources

  1. Proxima Fusion Pre-seed extensionproximafusion.com · Nov 16, 2023

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