Funding round
SHINE Technologies Growth
Reported as "Growth Equity"
SHINE Technologies, which works in fusion energy system development in Janesville, raised $70M in a Growth round announced on 11 Oct 2023, led by Baillie Gifford and Fidelity Management & Research Company. 2 firms took part, 2 of them already investors. It is SHINE Technologies' fourth venture round on record; the one before was a Series C in Sep 2020.
$70M
Amount raised
Not disclosed
Post-money valuation
2
Investors
2 leads
Valuation
What this round says about the price
SHINE Technologies did not disclose a valuation in this round. It came 37 months after SHINE Technologies' Series C. It is 15% of the $470M SHINE Technologies has raised in the venture rounds on record. SHINE Technologies raised again 28 months later: a Growth round of $240M in Feb 2026.
SHINE Technologies' funding rounds
SHINE Technologies has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
Baillie Gifford and Fidelity Management & Research Company led the round. Baillie Gifford and Fidelity Management & Research Company had backed SHINE Technologies before.
Lead investors
- Baillie Gifford existing investor
- Fidelity Management & Research Company existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
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 | 5 Apr 2024 | $217M | not disclosed | Keyhaven Capital Partners and Miura Partners |
| Medical Devices | 30 Jul 2024 | $30M | not disclosed | not named |
| Medical Devices | 29 Aug 2024 | $25M | not disclosed | Woven Capital |
| Medical Devices | 27 Oct 2022 | $40M | not disclosed | not named |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did SHINE Technologies raise in its Growth round?
SHINE Technologies raised $70M in its Growth round, announced in Oct 2023.
Who led SHINE Technologies' Growth round?
Baillie Gifford and Fidelity Management & Research Company led it.
What was SHINE Technologies' valuation at the Growth round?
It was not disclosed.
Did SHINE Technologies raise again after this round?
Yes: a Growth round in Feb 2026 of $240M.