GreenGate Partners advises Redalpine on seed financing of Proxima Fusion

GreenGate Partners successfully advised Redalpine on the lead investment of the seed financing of Proxima Fusion. The Munich-based start-up is the first spin-out from the Max Planck Institute for Plasma Physics (IPP) and aims to build the first generation of fusion power plants using Quasi-Isodynamic (QI) stellarators.

Proxima Fusion was able to secure €20M ($21.7M) in seed funding in an oversubscribed round, joined by the German government backed DeepTech & Climate Fonds, Bayern Kapital, the Max Planck Foundation, and numerous existing investors, including Plural, UVC Partners, High-Tech Gründerfonds, Wilbe, and Visionaries Club.

The start-up directly builds on the revolutionary outcomes of the Wendelstein 7-X (W7-X) experiment, the world’s largest stellarator housed within the Max Planck Institute for Plasma Physics (IPP), based on a €1.3 billion strategic investment from both the German Government and the European Union to enable fusion power research.

About Redalpine
Redalpine is a leading European venture capital investor based in Switzerland and supports its more than 85 portfolio companies not only with financial investments, but also with internal operational and technical expertise and an extensive international network. Redalpine’s goal is to help talented entrepreneurs realize their visions and turn their companies into international success stories. Redalpine’s portfolio companies have created over 10,000 jobs and raised almost CHF 3 billion in funding to date.

About GreenGate Partners
GreenGate Partners and its corporate team specialize i.a. in the M&A and venture capital sector. The legal advice is comprehensive and ranges from the foundation, through the individual financing rounds, to the exit. GreenGate Partners repeatedly sets benchmarks in the German market. The law firm advises domestic and foreign venture capital funds, strategic investors, business angels as well as founders, start-ups and managers.
The team at GreenGate Partners has long advised Redalpine on investments and participations in companies in a wide range of sectors.

Advisors Redalpine

GreenGate Partners

  • Marc René Spitz, LL.M.(USC) (Lead / Corporate / Munich / Partner)
  • Dr. Leonie Singer, LL.M. (Sydney) (Corporate / Munich / Associate)
  • Alexander Tribess (IT/IP / Hamburg / Partner)
  • Alexander Raif (Employment / Berlin / Partner)
  • Tobias Perchermeier (IT/IP / Munich / Associate)

Advisors Proxima Fusion

Orrick – Dr. Sven Greulich

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