Proxima Fusion, in conjunction with Marvel Fusion, SMACC, Clare & Me, MyRobin, Mountain Time, and Munich are the titles comprising this game.
In the bustling world of European startups, several significant developments have taken place recently. Here's a roundup of the latest news:
Fusion Startup Proxima Fusion Secures Additional Funding
Proxima Fusion, a fusion startup based in Munich, has announced that it has raised an additional 130 million euros in a recent investment round. Founded as a spin-off from the Max Planck Institute for Plasma Physics, Proxima Fusion unites fusion scientists from the Max Planck Society with experts in engineering and computer science. The company, which employs between 80 and 100 people across locations in Munich, Switzerland, and the UK, is developing fusion power plants based on the Stellarator concept.
Competitor Marvel Fusion Raises Venture Capital
Meanwhile, Proxima Fusion's competitor, Marvel Fusion, has raised 170 million euros in venture capital so far.
Health, Logistics, and Energy Startups Raise Funds
In other funding news, Acoustic startup Omnisent has received 3 million euros in investment, while Energy-as-a-Service startup Co-Power has raised 6.4 million euros.
Water Startup Pydro Secures Funding
Water startup Pydro has also raised over 1 million euros.
New Startups Introduced
Several new startups have been introduced to the market. Akeno, UniteLabs, ivalion, everfind, and Famville are all worth keeping an eye on. Freshflow, sensmore, Jupus, koppla, CedarDB, and metiundo are also up-and-coming startups worth watching.
Bankruptcies Strike Berlin and Potsdam
Unfortunately, not all news is positive. Berlin-based health startup Clare&me, which focuses on mental health and uses speech-based artificial intelligence, has gone bankrupt. SMACC, a bookkeeping firm based in Potsdam, has also filed for insolvency.
Munich-Based Outdoor Retailer Bergzeit Reaches Milestone
On a more positive note, Munich-based outdoor retailer Bergzeit has reached a turnover of 173 million euros.
STARTUPLAND Event Scheduled
The second STARTUPLAND event is scheduled for November 5, 2022. This event promises to bring together entrepreneurs, investors, and innovators from across Europe for a day of networking, learning, and inspiration.
MyRobin on the Brink of Collapse
Austrian logistics company MyRobin, however, is on the brink of collapse, joining Clare&me and SMACC in the list of startups facing financial difficulties.
As always, the European startup scene remains dynamic and full of potential. Stay tuned for more updates in the coming weeks.
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