All Updates

All Updates

icon
Filter
Funding
Proxima Fusion raises EUR 20 million in funding to build fusion power plants
Alternative Energy
Apr 10, 2024
This week:
Funding
Matr Foods raises EUR 20 million in debt funding to build mycelium meat factory
Plant-based Meat
Today
Last week:
M&A
Platform Science to acquire Trimble's global transportation telematics business units
Truck Industry Tech
Yesterday
Funding
Whatfix raises USD 100 million in Series E funding to expand business
EdTech: Corporate Learning
Yesterday
Product updates
Sky Mavis launches cross-game onboarding solution
Web3 Ecosystem
Sep 14, 2024
Funding
Bicara Therapeutics raises USD 315 million in IPO; plans to develop lead candidate ficerafusp alfa
Precision Medicine
Sep 13, 2024
Partnerships
Massive Bio and Foundation Medicine partner to improve cancer clinical trial enrollment
Precision Medicine
Sep 13, 2024
Partnerships
Moffitt Cancer Center partners with AstraZeneca to advance oncology cell therapies
Cell & Gene Therapy
Sep 13, 2024
Product updates
Quandela launches European quantum computer in North America
Quantum Computing
Sep 13, 2024
Partnerships
IonQ achieves high qubit gate fidelity on barium development platform
Quantum Computing
Sep 13, 2024
Partnerships
Massive Bio and Foundation Medicine partner to improve cancer clinical trial enrollment
Clinical Trial Technology
Sep 13, 2024
Alternative Energy

Alternative Energy

Apr 10, 2024

Proxima Fusion raises EUR 20 million in funding to build fusion power plants

Funding

  • Proxima Fusion, a German company designing fusion power plants based on the stellarator concept, has raised EUR 20 million (~USD 21.7 million) in a seed funding round led by redalpine.

  • The company intends to use the funds to build the first generation of fusion power plants based on quasi-isodynamic (QI) stellarators with high-temperature superconductors.

  • Other participants in the round included Bayern Kapital, DeepTech & Climate Fonds, Max Planck Foundation, Plural, UVC Partners, High-Tech Gründerfonds, Wilbe, and TOMORROW of Visionaries Club.

  • Analyst QuickTake: Before this in November 2023 , the company raised EUR 7.5 million (~USD 8.1 million) in a pre-seed funding round co-led by Plural and UVC Partners. These funds were also allocated to develop the company’s fusion power plant.

Contact us

Gain access to all industry hubs, market maps, research tools, and more
Get a demo
arrow
menuarrow

By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.