Funding round
Proxima Fusion Pre-seed
Proxima Fusion, which works in fusion power plant design and construction in Munich, raised $8.2M in a Pre-seed round announced on 20 Nov 2023, led by Plural and UVC Partners. 4 firms took part. It is Proxima Fusion's first venture round on record.
$8.2M
Amount raised
7,500,000 EUR converted
Not disclosed
Post-money valuation
4
Investors
2 leads
Valuation
What this round says about the price
Proxima Fusion did not disclose a valuation in this round. It is Proxima Fusion's first venture round on record, 1 year after it was founded in 2022. It is 1.6% of the $515M Proxima Fusion has raised in the venture rounds on record. Proxima Fusion raised again 5 months later: a Seed round of $22M in Apr 2024. Its next priced round, a Growth in Jul 2026, valued it at $2.70B.
Proxima Fusion's funding rounds
Proxima Fusion has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Plural and UVC Partners led the round with 2 other firms.
Lead investors
- backs 31 venture-backed companies new investor
- backs 49 venture-backed companies new investor
Also in the round
- backs 232 venture-backed companies new investor
- backs 5 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, scaling operations and working capital.
- Hiring
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Research Institutes, then Pre-seed rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Research Institutes | 16 Feb 2024 | $525K | not disclosed | not named |
| Payment Processing & Point of Sale | 7 Nov 2023 | $37M | not disclosed | Fasanara Capital |
| Garbage Collection & Waste Disposal | 16 Nov 2023 | $7.0M | not disclosed | Radicle Impact and Ulu Ventures |
| Medical Supply Manufacturers | 9 Nov 2023 | $6.5M | not disclosed | Taiwania Capital |
| Loans & Financing | 9 Nov 2023 | $6.1M | not disclosed | Zayn Venture Capital |
| Tech Companies | 1 Nov 2023 | $5.0M | not disclosed | OKX Ventures |
| Biotechnology | 2 Nov 2023 | $4.8M | not disclosed | i&i Prague and Invest AG |
| Software Development Services | 7 Nov 2023 | $4.5M | not disclosed | Metrodora |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Proxima Fusion raise in its Pre-seed round?
Proxima Fusion raised $8.2M in its Pre-seed round, announced in Nov 2023.
Who led Proxima Fusion's Pre-seed round?
Plural and UVC Partners led it, with High-Tech Gründerfonds and Wilbe.
What was Proxima Fusion's valuation at the Pre-seed round?
It was not disclosed.
Did Proxima Fusion raise again after this round?
Yes: a Seed round in Apr 2024 of $22M.