# Proxima Fusion Raises €411M at €2.4B Valuation for Stellarator Fusion

On July 7, 2026, per Proxima Fusion, stellarator fusion company raised €411M (about $468-470M) at a €2.4B valuation, co-led by XTX Ventures and East X Ventures with strategic participation from Google and RWE. The company was co-founded by Francesco Sciortino, Lucio Milanese, Jorrit Lion and others.



Canonical: https://uniquebase.ai/news/d03c4782-afdf-4931-9cdc-24424e9be584
Stable identifier: d03c4782-afdf-4931-9cdc-24424e9be584
Snapshot captured: 2026-10-20T18:19:32.670Z
English updated: 2026-10-20T18:21:32.462Z

## Connected profiles

- [East X Ventures](/institutions/east-x-ventures)
- [Google](/institutions/google)
- [Proxima Fusion](/companies/proxima-fusion)
- [RWE](/institutions/rwe)
- [XTX Ventures](/institutions/xtx-ventures)

## Sources

- https://www.proximafusion.com/press-news/proxima-fusion-raises-eu411-million-to-build-europes-commer