Only half a year ago, Proxima announced a merger the completion of its pre-seed round, in which the deeptech startup raised seven million eurosA number of unicorn founders, family offices, and industry leaders have now invested a further half a million euros in the young company. The 7.5 million euros will flow into the Development of the first commercial fusion power plant based on the Stellerator concept.
Proxima Fusion also says it has been able to attract a number of leading scientists to its project in recent months. The new team members come from institutions including the Technical University of Munich, the École Polytechnique Fédérale de Lausanne, Stanford, MIT, Harvard, Lilium, Tesla, and Google.
Francesco Scortino, Co-founder and CEO of Proxima Fusion, comments:
"We are determined to make Proxima Fusion a European champion for clean energy. Over the past ten months, we have repeatedly demonstrated the quality of our work."
And further:
“We are delighted by the unicorn founders, family offices, and industry leaders who have now invested in Proxima, many of them through the Visionaries Tomorrow Fund, and will support us on our journey.”
