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.

Amsterdam Cloud Security Startup Dawnguard Launches Platform, Secures $3.3M in Pre-Seed Funding

Dawnguard, an Amsterdam-based startup securing cloud systems during design, launched its platform, raised $3.3 million in pre-seed funding, and opened a New York office. The funding includes participation from UK-based BNVT Capital, Dutch Curiosity VC, and German eCAPITAL.

Italian Fashion Sustainability Startup Musthad Raises 1 Million Euros to Address Textile Waste

Musthad, an Italian startup addressing textile waste in fashion, secured 1 million euros in funding led by Alante Capital (USA) and Style IT (Italy). The platform connects brands with global circular operators to recycle, resell, upcycle, and donate excess inventory, reducing costs and environmental impact. Funds will expand operations and support growth toward doubling 2025 revenue by 2026.