Proxima Fusion has raised €20 million in seed funding led by redalpine, which invested in
Knowunity. This round follows the €7 million pre-seed funding round last year.
The oversubscribed round saw participation from the Bavarian government-backed Bayern Kapital,
German government-backed DeepTech & Climate Fonds, and the Max Planck Foundation. In
addition, existing investors, including Plural, UVC Partners, High-Tech Gründerfonds, Wilbe, and
TOMORROW of Visionaries Club also participated in the round.
Proxima Fusion will use the seed funding to further expand the team with world-class engineers
and physicists, as well as to match public funding awards. This round is part of its mission to build the world’s first-of-its-kind fusion power plant and lead Europe into a new era of clean energy.
https://techfundingnews.com/proxima-fusion-closes-e20m-to-build-worlds-first-of-its-kind-fusion-power-plant/
Don't miss out on the excitement! Reserve your spot at WOLVES SUMMIT CEE!
8-9 May 2024, Copernicus Science Centre, Warsaw, Poland + online