Proxima Fusion's Series C round values the three-year-old company at €2.4 billion, with XTX Ventures and East X Ventures leading the €411 million raise and contributing approximately €150 million of the total. Proxima estimates its planned Alpha stellarator demonstrator in Bavaria will cost about €2 billion, with the company pledging to cover a fifth of that sum; the round brings its total funding to over €650 million, including €95 million in public grants. The valuation and lead-investor composition are newly disclosed today, formalizing the round size first reported alongside RWE's €25 million commitment earlier this morning.
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The valuation and lead-investor composition are newly disclosed today, formalizing the round size first reported alongside RWE's €25 million commitment earlier this morning.