--- title: Google and RWE back Proxima Fusion in record €411mn round description: Munich-based Proxima Fusion has closed a €411mn Series B — the largest private fusion funding round in European history — valuing the company at €2.4bn. Google... canonical: https://daily.dev/posts/google-and-rwe-back-proxima-fusion-in-record-411mn-round-tq6ol2edp twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Google and RWE back Proxima Fusion in record €411mn round | daily.dev og:description: Munich-based Proxima Fusion has closed a €411mn Series B — the largest private fusion funding round in European history — valuing the company at €2.4bn. Google... og:url: https://daily.dev/posts/google-and-rwe-back-proxima-fusion-in-record-411mn-round-tq6ol2edp og:image: https://api.daily.dev/og/posts/TQ6oL2EDP.png og:image:alt: Google and RWE back Proxima Fusion in record €411mn round og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Google and RWE back Proxima Fusion in record €411mn round **[The Next Web](https://daily.dev/sources/tnw)** · 4 min read · 0 upvotes · 0 comments ## Summary Munich-based Proxima Fusion has closed a €411mn Series B — the largest private fusion funding round in European history — valuing the company at €2.4bn. Google and German utility RWE joined as strategic backers, alongside returning investors Balderton, Lightspeed, and DST Global Partners. The capital will fund Alpha, a net-energy demonstrator planned for the early 2030s near Munich, and near-term hardware work including high-temperature superconducting magnets and coils. Proxima is a spin-out of the Max Planck Institute for Plasma Physics and pursues the stellarator approach to fusion — more stable than tokamaks but harder to engineer. In under three years the company has raised over €650mn total. The round matches Bavaria's €400mn public commitment and positions Proxima among the best-funded fusion firms globally. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [Proxima Fusion bets €140M on a critical fusion ingredient dominated by Asian suppliers](https://daily.dev/posts/proxima-fusion-bets-140m-on-a-critical-fusion-ingredient-dominated-by-asian-suppliers-csikqyazt) · TechCrunch · 0 upvotes · 0 comments - [Every fusion startup that has raised over $100M](https://daily.dev/posts/every-fusion-startup-that-has-raised-over-100m-5za747xzd) · TechCrunch · 0 upvotes · 0 comments - [Commonwealth Fusion raises $1bn more, reaching $4bn total](https://daily.dev/posts/commonwealth-fusion-raises-1bn-more-reaching-4bn-total-mabeiiedp) · The Next Web · 0 upvotes · 0 comments - [The race to build a star on Earth](https://daily.dev/posts/the-race-to-build-a-star-on-earth-tcceissoh) · TechCentral · 0 upvotes · 0 comments - [With a new $100M raise, Princeton’s Thea Energy is now a top-funded fusion startup](https://daily.dev/posts/with-a-new-100m-raise-princeton-s-thea-energy-is-now-a-top-funded-fusion-startup-ia9behspk) · TechCrunch · 0 upvotes · 0 comments --- Tags: [#startup](https://daily.dev/tags/startup), [#google](https://daily.dev/tags/google) [View this post on daily.dev](https://daily.dev/posts/google-and-rwe-back-proxima-fusion-in-record-411mn-round-tq6ol2edp) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Google and RWE back Proxima Fusion in record €411mn round","url":"https://daily.dev/posts/google-and-rwe-back-proxima-fusion-in-record-411mn-round-tq6ol2edp","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/google-and-rwe-back-proxima-fusion-in-record-411mn-round-tq6ol2edp"},"datePublished":"2026-07-07T10:52:40.722Z","dateModified":"2026-07-07T10:53:00.532Z","description":"Munich-based Proxima Fusion has closed a €411mn Series B — the largest private fusion funding round in European history — valuing the company at €2.4bn. Google...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/29f5214e57958814b5da157adecd50cf?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/29f5214e57958814b5da157adecd50cf?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"The Next Web","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"The Next Web","logo":"https://media.daily.dev/image/upload/t_logo,f_auto/v1/logos/tnw","url":"https://daily.dev/sources/tnw"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/google-and-rwe-back-proxima-fusion-in-record-411mn-round-tq6ol2edp","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":0},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"startup,google","timeRequired":"PT4M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"The Next Web","item":"https://daily.dev/sources/tnw"},{"@type":"ListItem","position":3,"name":"Google and RWE back Proxima Fusion in record €411mn round"}]} ```