Proxima Fusion

Proxima Fusion

Private
Munich, BavariaEnergy & Sustainabilityhttps://www.proximafusion.com

Last Round

Early Funding

Feb 26, 2026

Total Funding Raised

$338.65M

Momentum Score

50 /100

Company Overview

Proxima Fusion is a clean energy company that develops fusion power plants utilizing QI stellarators to generate abundant and emissions-free electricity through nuclear fusion.

Sector

Energy & Sustainability

Verticals

Renewable Energy, Advanced Materials

Business Model

B2G

Customer Profile

Government Contracts

AI Layer

Non-AI

Keywords

fusion energyquasi-isodynamic stellaratorsstellarator fusionfusion power plantsprivate fusionmagnetic confinementhigh-temperature superconductorsHTS magnetsbaseload powernuclear fusionfusion reactordeep techstar in a jarpower purchase agreementsPPAWendelstein 7-X

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Caplight Momentum Score

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Proxima Fusion Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Proxima Fusion Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Early FundingFeb 26, 2026
Series A ExtensionSep 9, 2025
Series AJun 11, 2025
Series AJun 11, 2025
GrantJul 15, 2024
Seed
Apr 10, 2024

Key People

Founding team and executive leadership

Lucio Milanese

Co-Founder And Chief External Affairs Officer

Founding Team

Proxima Fusion Investors

Notable investors and investment history

Market signals

Structured signals derived from secondary market and firmographic data.

  • Mar 4, 2026

    Partnering with Paul Scherrer Institute for new hires.

  • Mar 4, 2026

    MOU signed with Bavaria, RWE, and Max Planck Institute.

Proxima Fusion Filings

SEC and related filings with document metadata.

TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Proxima Fusion Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersMunich, Bavaria
Employee Range139
Year Founded2023
Last FundingFeb 26, 2026

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