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Proxima Fusion €411M, Helsing's $1.8B & India's IPO Surge
Audio is available on Spreaker — see link below.
Europe's hard-tech and defencetech sectors dominated today's funding headlines, with Proxima Fusion closing the continent's largest-ever fusion round at €411M and Helsing reaching an €18B valuation. Plus: HarbourVest's $4.75B co-investment fund, B2B AI raises in the US, and India's crowded but fragile IPO pipeline.
Audio is available on Spreaker — see link below.
Proxima Fusion just closed the largest fusion investment in European history. Four hundred and eleven million euros, Series E, valuing the German company at eighteen billion euros.
Proxima Fusion isn't the only European company pulling in scale capital right now. Helsing, the European defencetech firm, closed a Series E at one point eight billion dollars, also valued at eighteen billion euros.
In the US, two enterprise-facing raises are worth tracking. Gauntlet, a quantitative risk management platform, landed a hundred and twenty-five million dollar Series C led by SBI Group, bringing total equity funding to just under one hundred and seventy million.
HarbourVest, which manages a hundred and sixty-one billion in assets, closed its co-investment fund VII at four point seven five billion dollars. Five hundred million of that is earmarked specifically for AI and healthcare growth equity.
The India picture is more complicated. Twenty-eight startups have filed DRHPs with SEBI, and another twenty-four-plus are finalizing plans.
The real watchpoints from this cycle are narrow. Can Proxima Fusion's raise catalyze follow-on capital for earlier-stage fusion startups, or does concentration at the top starve the tier below?
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