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Proxima Fusion raises EUR 411 million in Series A2, Google joins as investor

Munich based Proxima Fusion raised EUR 411 million in a Series A2 round led by XTX Ventures and East X Ventures, with Google and RWE as strategic investors, valuing the fusion energy company at EUR 2.4 billion.

Verified AI-drafted Proxima Fusion press release, 7 July 2026

What it does not test. Does not establish that Proxima's stellarator will reach net energy or that its Alpha demonstrator will be built on schedule.

How this item counts. No movement: no answer to who owns, who operates, whose law governs or who made the parts changes. Weight 0. Funding round for existing German fusion firm; ownership stays European-led despite Google stake. European Sovereignty Index

How this item was made. Drafted by an AI system (Claude (Anthropic)) from the source cited above and published under the editor’s responsibility without a person reading it first. How the record is made

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