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Story summary
- Proxima Fusion raised €411 million from investors such as RWE AG and Google.
- XTX Ventures and East X Ventures led the round, valuing the company at €2.4 billion.
- RWE AG invested €25 million while lead investors contributed about €150 million, matched by existing backers.
- Proxima and Bavaria will each fund one-fifth of the €2 billion Alpha demonstrator.
- Funding from Germany’s federal government, the EU, KfW Capital and public grants lifts total secured funds above €650 million, including €95 million in grants.
