Funding round
SHINE Technologies Growth
Reported as "Growth Equity"
SHINE Technologies, which works in fusion energy system development in Janesville, raised $240M in a Growth round announced on 26 Feb 2026, led by NantWorks. 6 firms took part, 1 of them already investors. It is SHINE Technologies' fifth venture round on record; the one before was a Growth in Oct 2023.
$240M
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
SHINE Technologies did not disclose a valuation in this round. It came 28 months after SHINE Technologies' Growth. It is 51% of the $470M SHINE Technologies has raised in the venture rounds on record. No later venture round is on record for SHINE Technologies.
SHINE Technologies' funding rounds
SHINE Technologies has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
NantWorks led the round with 5 other firms. NantWorks had backed SHINE Technologies before.
Lead investor
- NantWorks existing investor
Also in the round
- Fidelity Management & Research Company new investor
- Sumitomo Corporation of Americas new investor
- backs 2 venture-backed companies new investor
- backs 59 venture-backed companies new investor
- backs 8 venture-backed companies new investor
Joined the board: Dr. Patrick Soon-Shiong (NantWorks).
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 | 15 Oct 2025 | $200M | not disclosed | GTCR |
| Medical Devices | 1 Jul 2026 | $99M | not disclosed | not named |
| Medical Devices | 1 Jul 2025 | $50M | not disclosed | not named |
| Medical Devices | 11 Feb 2025 | $35M | not disclosed | not named |
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 $240M in its Growth round, announced in Feb 2026.
Who led SHINE Technologies' Growth round?
NantWorks led it, with Fidelity Management & Research Company, Sumitomo Corporation of Americas, Pelican Energy Partners, Deerfield and Oaktree Capital.
What was SHINE Technologies' valuation at the Growth round?
It was not disclosed.