News & Podcast
Stay up to date with the latest stories, deep-dives and interviews from the Munich startup ecosystem. From funding deals to founder portraits and tech trends.
€411 million: Proxima Fusion becomes Europe’s most valuable fusion company
Proxima Fusion has raised €411 million in a Series A2 funding round and is valued at more than €2.4 billion. The financing makes the Munich-based startup the best-funded and highest-valued fusion company in Europe and is to advance the construction of the world’s first commercial stellarator fusion power plant.
Proxima Fusion plans first commercial fusion power plant
Together with partners, the Munich startup Proxima Fusion wants to build a commercial fusion power plant. A demonstration reactor is to be built in Garching beforehand.
At the limits of the possible – Proxima Fusion’s vision at the Münchner Sicherheitskonferenz
Fusion – that sounds like massive research facilities, decades of development time, and state billion-dollar projects. Francesco Sciortino wants to change that. With Proxima Fusion, he is building a startup in Munich that should bring nuclear fusion from basic research into industry – with the goal of realizing the first of its own fusion power plant in the 2030s. As part of the MSC Startup Hub, we spoke with the CEO. About a technological turning point, about billion-dollar investments, and about why fusion is suddenly becoming startup-ready.
Five Munich startups among the Norrsken/100
The Norrsken Foundation has published its impact/100 list this year – and Munich is well represented: five startups from the Bavarian capital are among the world’s most important impact companies. They demonstrate how innovation and sustainability can work together.
Proxima Fusion raises 15 million euros
Proxima Fusion expands its Series A funding round with 15 million euros. This brings total funding to 200 million euros. New investors from Italy and the EU strengthen the ambition to realize fusion power plants in Europe.
130 million euros for Proxima Fusion
Munich-based startup Proxima Fusion secures 130 million euros in a Series A funding round – a record sum for European fusion energy. The goal is to build the first stellarator fusion power plant by 2030.
Proxima Fusion receives €6.5 million in research funding
The Munich startup Proxima Fusion receives €6.5 million for a research partnership. The “AI for Fusion Engineering” program aims to advance the design of stellarator fusion power plants using AI.
Seven Munich startups receive funding from EIC Accelerator
The Europäische Kommission has selected 68 startups from 969 applications for support through the EIC Accelerator – including seven Munich startups. The funding pool, which is financed by a combination of grants and equity investments, comprises around 411 million euros.
