
Building stellarator fusion power plants—the clearest, most robust path to commercial fusion energy.

Building stellarator fusion power plants—the clearest, most robust path to commercial fusion energy.
Headquarters: Munich, Germany
Mission: Develop commercial quasi‑isodynamic stellarator fusion power plants
Founded: Early 2023
Recent raise: €130M Series A (2025)
Total funding: €185M–€200M (mid‑2025)
Employee count: 148
Commercial fusion energy generation using stellarator reactor technology.
2023
Electric Power Generation
€130M
Round announced June 2025; broad participation from European VCs and funds
“Co‑led by Cherry Ventures and Balderton Capital with participation from multiple European VCs and public funds”
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Your Impact Are you an electrical engineer passionate about cutting-edge instrumentation, diagnostics and control systems? Proxima Fusion is seeking an experienced engineer who will contribute to the design and integration of instrumentation systems critical to the control, monitoring, and validation of fusion technologies. You will work on first-of-a-kind systems in a fast-paced, multidisciplinary R&D environment, contributing directly to the realisation of fusion power.
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