Proxima Fusion has secured €130 million in a Series A funding round led by Balderton Capital and Cherry Ventures to advance its nuclear fusion technology.

Proxima Fusion, a German nuclear startup, has raised €130 million in Series A funding. The round, led by Balderton Capital and Cherry Ventures, brings its total funding to over €185 million. This investment will help Proxima become a leading contender in the nuclear fusion race. The funding reflects the startup's significant milestone in developing a working fusion power plant.