Funding round
SHINE Technologies Growth
Reported as "Growth Equity"
SHINE Technologies, which works in fusion energy system development in Janesville, raised $50M in a Growth round announced on 7 Oct 2019, led by Oaktree Capital. 2 firms took part. It is SHINE Technologies' second venture round on record; the one before was a Series B in Nov 2018.
$50M
Amount raised
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
SHINE Technologies did not disclose a valuation in this round. It came 11 months after SHINE Technologies' Series B. It is 11% of the $470M SHINE Technologies has raised in the venture rounds on record. SHINE Technologies raised again 11 months later: a Series C round of $80M in Sep 2020.
SHINE Technologies' funding rounds
SHINE Technologies has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
Oaktree Capital led the round with 1 other firm.
Lead investor
- backs 8 venture-backed companies new investor
Also in the round
- backs 59 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- Scaling operations
Comparable rounds
How it compares
The closest in time, other companies' Growth rounds in Medical Devices:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Medical Devices | 15 Jul 2019 | $30M | not disclosed | not named |
| Medical Devices | 12 Mar 2019 | $40M | not disclosed | Sherpa Capital |
| Medical Devices | 14 Jul 2020 | $45M | not disclosed | EW Healthcare Partners |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did SHINE Technologies raise in its Growth round?
SHINE Technologies raised $50M in its Growth round, announced in Oct 2019.
Who led SHINE Technologies' Growth round?
Oaktree Capital led it, with Deerfield.
What was SHINE Technologies' valuation at the Growth round?
It was not disclosed.
Did SHINE Technologies raise again after this round?
Yes: a Series C round in Sep 2020 of $80M.