Proxima Fusion joins the club of well-funded nuclear contenders with €130M Series A

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Commercial nuclear fusion power isn’t a reality yet. But venture capital is flowing into startups that promise that clean, safe, and virtually limitless energy is no longer just a distant dream.

Most fusion companies that have raised over $100 million are based in the United States. Not Proxima Fusion, a German startup that has just secured a €130 million Series A round of funding (approximately $148 million) led by Balderton Capital and Cherry Ventures.

This brings Proxima’s public and private funding to date over €185 million ($200…



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Proxima Fusion joins the club of well-funded nuclear contenders with €130M Series A


Commercial nuclear fusion power isn’t a reality yet. But venture capital is flowing into startups that promise that clean, safe, and virtually limitless energy is no longer just a distant dream.

Most fusion companies that have raised over $100 million are based in the United States. Not Proxima Fusion, a German startup that has just secured a €130 million Series A round of funding (approximately $148 million) led by Balderton Capital and Cherry Ventures.

This brings Proxima’s public and private funding to date over €185 million ($200…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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