German Startup Raises Record Funds to Advance Nuclear Fusion ...Middle East

Germany-based start-up Proxima Fusion on Wednesday announced the close of a $150 million financing, the largest private fusion investment round in Europe, as companies are looking to finally achieve the breakthrough of unlimited clean fusion energy. Proxima Fusion’s Series A financing was co-led by Cherry Ventures and Balderton Capital, with participation from a dozen other investment firms. Proxima Fusion was founded in early 2023 as the first-ever spin-out from the Max Planck Institute for Plasma Physics (IPP) in Germany. Proxima aims to…

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