Proxima Fusion Secures $148M Funding

This is a Italy news story, published by TechCrunch, that relates primarily to Proxima Fusion news.

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

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Proxima Fusion has secured a 130 million Series A round of funding from Balderton Capital and Cherry Ventures .

The German startup is one of Europe ’s top contenders in the race for an alternative to fission.

The pursuit isn’t solely for scientific prestige; it is deeply intertwined with energy security.

Proxim Fusion has published its plans for a working fusion power plant in a peer-reviewed journal.

Sciortino himself, a physicist by background, is originally from Italy , but worked on fusion research in the U.K. , Switzerland , and then at MIT in the U.S. There were several reasons for him to move back to Europe , but one of them speaks to a sentiment echoed by investors: “I’m a fairly proud European , and always wanted to think that there is a future on this continent that somebody has to build.”.

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