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Proxima Fusion

Energy · Munich, Bavaria · Founded 2023 · Privately Held (backing)

Developer of fusion power plants designed to produce emissions-free power. Proxima Fusion is based in Munich, Bavaria and was founded in 2023. It was valued at $2.7 billion at its Series A2 in Jul 2026, the last priced event on record. It has raised $255 million across 5 recorded rounds; the latest was a $468 million Series A2 in Jul 2026.

PMV mark · valuation
$2.7B
Oct 2026
Priced at
its Series A2
Jul 2026
Total raised
$255.3M
Last round
Series A2
Jul 2026

Proxima Fusion key facts

as of Oct 2026
  • Developer of fusion power plants designed to produce emissions-free power.
  • Proxima Fusion is valued at approximately $2.7B as of Oct 2026, set at its Series A2, Jul 2026; nothing has traded since, per PrivateMarketView’s mark.
  • It has raised $255.3M across 5 recorded rounds; the latest was Series A2 ($468.0M) in Jul 2026.
  • Notable investors include European Innovation Council, Lightspeed Venture Partners, High-Tech Gründerfonds, European Union, Cherry Ventures — 39 tracked in total.
  • Status: Privately Held (backing).
PrivateMarketView mark
MEDIUM confidence
$2.7B

Valued at $2.7B at its Series A2, Jul 2026. Nothing has traded since.

set by its last priced roundas of Oct 2026question about this number?
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Proxima Fusion funding rounds

5 rounds
Jul 2026Series A2$468.0M▮
Sep 2025Series A extension$17.6M▮
Jun 2025Series A$150.0M▮
Apr 2024Seed$21.7M▮
May 2023Pre-Seed$7.5M▮
Full funding history →

Proxima Fusion leadership

Proxima Fusion valuation

Proxima Fusion was valued at $2.7 billion at its Series A2 in Jul 2026. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.

How much has Proxima Fusion raised?

Proxima Fusion has raised $255 million across 5 recorded rounds since 2023. The largest was a $7.5 million pre-seed round in May 2023; the most recent was a $468 million Series A2 in Jul 2026. 1 of the rounds disclosed a post-money valuation.

Proxima Fusion investors

39 investors are on record for Proxima Fusion, including European Innovation Council, Lightspeed Venture Partners, High-Tech Gründerfonds and European Union. By type, the record holds 12 venture capital firms and 2 family offices.

Who runs Proxima Fusion

6 people are listed on the Proxima Fusion team: 6 executives, including Francesco Sciortino (Co-Founder) and Jonathan Schilling (Co-Founder). 1 of them have a verified direct contact on file.

Comparable companies

Comparable energy names by valuation on PrivateMarketView: Oxford PV ($1.2 billion), Amogy ($700 million) and Heron Power ($675 million).

About Proxima Fusion

Developer of fusion power plants designed to produce emissions-free power. The company's fusion power plants use quasi-isodynamic stellarators that aim to generate electricity by fusing nuclei and creating renewable energy, enabling energy utilities and grid operators to evaluate pathways to continuous, non-interruptible power production and future commercial deployment.

Industry
Energy
Sector
Energy
HQ
Munich, Bavaria, Germany
Founded
2023
Employees
100
Ownership
Privately Held (backing)

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