Munich-based Proxima Fusion raises €411 million to accelerate nuclear fusion technology development

Munich-based Proxima Fusion secured €411 million in a €2.5 billion valuation round led by XTX Ventures and East X Ventures, with Google as a notable investor. The funding will accelerate development of its nuclear fusion technology, including the Alpha stellarator project. The company aims to secure additional €1.2 billion from the German federal government for commercialization.

German Deeptech Startup Porelio Raises €2.4M to Scale Industrial Water Treatment Materials

Porelio, a Germany-based deeptech startup developing advanced materials for industrial separation and water treatment, raised €2.4 million in a pre-seed round led by Faber. The funding will scale its patented continuous-flow manufacturing process for Functionalized Ordered Mesoporous Silicas (FOMS), which capture pollutants like PFAS and recover precious metals more efficiently than existing methods.