How much did Proxima Fusion raise?

Proxima Fusion raised $468M at Series A, announced 6 July 2026.

Who founded Proxima Fusion?

Francesco Sciortino is CEO & Co-founder of Proxima Fusion.

What does Proxima Fusion do?

Proxima Fusion operates in Climate & Energy and is based in Germany.

FundedStartupsDaily / Climate & Energy / Proxima Fusion

Proxima Fusion raises $468M

Proxima Fusion announced a Series A round of $468M on 6 July 2026. The company operates in Climate & Energy and is based in Germany. It was founded by Francesco Sciortino, CEO & Co-founder.

Raised

$468M

Stage

Series A

Industry

Climate & Energy

Country

Germany

Founder

Francesco Sciortino

CEO & Co-founder, Proxima Fusion

LinkedIn profile proximafusion.com

Outreach angles

-Sciortino earned his physics PhD at MIT and previously researched plasma at the Max Planck Institute before founding Proxima.
-He is a stellarator specialist who spun the company out of the Max Planck Institute for Plasma Physics.
-The $468M round funds Alpha, Proxima's net-energy-gain demonstrator, with a demo plant targeted for the early 2030s and aggressive engineering hiring.