
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 (offices at PSI, Switzerland and Culham, UK)
Founded / Spin-out: 2023 (spin-out from Max Planck Institute for Plasma Physics)
Tech focus: Quasi‑isodynamic (QI) stellarators with high‑temperature superconducting magnets
Employee count: Approximately 137
Funding (reported): Total > €185M after a €130M Series A (June 2025) plus earlier seed/pre-seed
| Company |
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Commercial fusion energy / electric power generation
2023
Electric Power Generation
€7.5M (pre‑seed / extension reported)
Pre‑seed and extension reported in 2023
≈€20M
Seed round reported April 9, 2024
€130M
Series A announced June 11, 2025
“Participation from European VCs, family offices and strategic investors including Cherry Ventures, Balderton Capital, UVC Partners, Plural, redalpine and others”
Company Name: Proxima Fusion
Location: Munich
Employment Type: Full-time
Department: Stellarator Design
At Proxima Fusion, we're driven by a bold mission – to redefine the future of sustainable energy. Our unique concept, built upon the groundbreaking W7-X stellarator and the latest advances in technology, paves the way for commercially viable fusion power plants.
Our work in stellarator optimization, powered by cutting-edge computation and machine learning, is propelling us into uncharted territories of fusion technology. New higher performance design points are unlocked by high temperature superconducting magnets.
We're on a journey to redefine the energy landscape, ensuring a sustainable future for generations to come.
Job Title: Plasma Physicist
Proxima Fusion is firmly committed to fostering an inclusive and diverse work environment. We embrace the principles of equality and stand against discrimination based on age, disability, gender, race, religion or belief, gender reassignment, marriage/civil partnership, pregnancy/maternity, or sexual orientation.
Our organizational culture values and promotes equal opportunities for everyone, recognizing that a diverse team brings a richness of perspectives and contributes to our overall success. We encourage and welcome applications from candidates with various backgrounds, talents, and potential. Our selection process is solely based on individual merit, ensuring fair and impartial consideration for all applicants.