The €15 million Series A extension brings the company’s total funding to €200 million ($230M) and strengthens Proxima’s position as Europe’s flagship fusion pioneer, underpinning investors’ understanding that Europe needs to build its own sovereign fusion company. The CDP investment reflects a growing recognition across Europe that fusion energy is a strategic technology for European energy independence and industrial leadership, marking a significant step forward in uniting Europe’s major economies behind Proxima’s mission. “CDP Venture Capital believes firmly that Europe’s deep tech ecosystem has a key role to play in developing future energy solutions” said Alessandro Scortecci, Chief Investment Officer, Direct Investments at CDP Venture Capital. “Fusion can contribute to technological independence, drive industrial competitiveness, and accelerate carbon-neutral economic growth. “While our roots are in Germany, building on the record-breaking Wendelstein 7-X stellarator experiment at the Max Planck Institute for Plasma Physics, we are building a pan-European team and investor base.