A star on Earth. Interview with Francesco Sciortino of Proxima Fusion, the startup investing in fusion
Summary
Proxima Fusion is building a European fusion energy company around stellarator technology and has already raised €200 million from major venture capital investors. The interview with co-founder and CEO Francesco Sciortino explains how the team moved from academia to a startup model to accelerate progress. He outlines the company’s roadmap, including a superconducting magnet prototype by 2027, a demonstrator in the early 2030s, and a power plant later in the decade. The piece also stresses the role of talent, industrial partners, and European manufacturing in making the project viable.
Funding
Amount
$216.0M
Total raised
Date
June 26, 2026
Announcement date
Investors
CDP Venture Capital SGR, Unternehmertum Venture Capital Partners
Lead investors
Company
proximafusion.com
Funded company
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