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

Commercial nuclear fusion power isn’t a reality yet. But venture capital is flowing into startups that promise that clean, safe, and virtually limitless energy is no longer just a distant dream.

Most fusion companies that have raised over $100 million are based in the United States. Not Proxima Fusion, a German startup that has just secured a €130 million Series A round of funding (approximately $148 million) led by Balderton Capital and Cherry Ventures.

This brings Proxima’s public and private funding to date over €185 million ($200…