Proxima Fusion raises €411M with backing from Google

Type: Financing · Technology: Other, Industrial · Country: Germany · Value: EUR 411M · Announced: 2026-07-07

Proxima Fusion secured €411 million in a financing round led by XTX Ventures and East X Ventures, with strategic investment from Google and participation from RWE, to fund construction of its Alpha net-energy fusion demonstrator and expand production of superconducting cables, magnets, and engineering/manufacturing systems in Munich, Germany.

Counterparties

• XTX Ventures (Investor)
• East X Ventures (Investor)
• RWE AG (Investor)
• Google LLC (Investor)
• Proxima Fusion GmbH (Developer)

Source article

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