Proxima Fusion
Building stellarators to power the future with clean fusion energy
About Proxima Fusion
Proxima Fusion is Europe's fastest-growing fusion company, developing QI-HTS stellarator technology for commercial power generation. Spun out from the Max Planck Institute for Plasma Physics in 2023, the company combines decades of fusion research with industrial engineering to build Alpha, a demonstration stellarator, and Stellaris, the first commercial fusion power plant design. Based in Munich with offices in Zurich and Oxford.
Founders
Francesco Sciortino
CEO, Co-Founder
Jorrit Lion
Chief Scientist, Co-Founder
Lucio Milanese
Chief External Affairs Officer, Co-Founder
- Energy
- Munich, Germany
- Series C+
- 2023
- 200 people
Funding rounds
| Date | Round | Amount | Lead investors |
|---|---|---|---|
| Series A | €411.0m | XTX Ventures, East X Ventures | |
| Series A | €130.0m | Cherry Ventures, Balderton Capital |
