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UVC Partners

VC Firm·Munich, Germany·~EUR 600M+ AUM; EUR 250M (Fund IV, 2024)

UVC Partners is a Munich- and Berlin-based early-stage venture capital firm founded in 2011 as the investment arm of UnternehmerTUM, Europe's leading entrepreneurship centre at the Technical University of Munich. The firm invests between EUR 1M and EUR 30M per company across deep tech, climate tech, enterprise software, and mobility. Its portfolio includes notable companies such as Flix (FlixBus), Isar Aerospace, and Proxima Fusion. UVC Partners closed its fourth and largest fund at EUR 250M in 2024, bringing total assets under management to over EUR 600M.

Focus Areas

Deep TechClimate TechIndustrial TechnologiesEnterprise SoftwareMobilityAI
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Portfolio

1 company in our directory

Proxima Fusion logo

Proxima Fusion

Hiring
Energy·Series A

Proxima Fusion was founded in April 2023 as a spin-out from the Max Planck Institute for Plasma Physics, bringing together scientists and engineers from IPP, MIT, and X Development. Co-founded by Dr Francesco Sciortino (CEO, PhD in plasma physics from MIT) and Dr Lucio Milanese (COO, PhD in theoretical plasma physics from MIT, formerly McKinsey), the company is developing quasi-isodynamic stellarators combined with high-temperature superconducting magnets to build the world's first commercial stellarator fusion power plant. Proxima has partnered with RWE and the Free State of Bavaria on a planned €2B facility near Munich. The company has raised €200M to date, including a Series A led by Cherry Ventures and Balderton Capital with participation from Lightspeed Venture Partners, Plural, and others. Proxima maintains a UK presence at the Culham Campus and a London-registered entity.