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title: "Proxima Fusion — Stuff That Spins"
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# Proxima Fusion

**Type:** company  
## Related Articles

- [Munich-based nuclear fusion startup Proxima Fusion raised €411M led by trading firm XTX and UK-based East X at a €2.4B valuation, with participation from Google (Bloomberg)](https://stuffthatspins.com/spin/munich-based-nuclear-fusion-startup-proxima-fusion-raised-411m-led-by-trading-firm-xtx-and-uk-based-east-x-at-a-24b-valu) — July 7, 2026
- [Google backs nuclear fusion startup targeting Europe’s first commercial power plant](https://stuffthatspins.com/spin/google-backs-nuclear-fusion-startup-targeting-europes-first-commercial-power-plant) — July 7, 2026

## Related Claims

- Proxima Fusion raised €411M at a €2.4B valuation with participation from Google.
- Proxima Fusion has raised $468 million as it looks to move towards commercializing nuclear fusion.

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