Funding round
SHINE Technologies Series C
SHINE Technologies, which works in fusion energy system development in Janesville, raised $80M in a Series C round announced on 2 Sep 2020, led by Fidelity Management and Research Company LLC. 1 firm took part, 1 of them already investors. It is SHINE Technologies' third venture round on record; the one before was a Growth in Oct 2019.
$80M
Amount raised
Not disclosed
Post-money valuation
1
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' Growth. It is 17% of the $470M SHINE Technologies has raised in the venture rounds on record. SHINE Technologies raised again 37 months later: a Growth round of $70M in Oct 2023.
SHINE Technologies' funding rounds
SHINE Technologies has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
Fidelity Management and Research Company LLC led the round. Fidelity Management and Research Company LLC had backed SHINE Technologies before.
Lead investor
- Fidelity Management and Research Company LLC existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, scaling operations and working capital.
- Hiring
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Medical Devices, then Series C rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Medical Devices | 23 Sep 2021 | $75M | $238M | British International Investment and Creaegis Investment Management |
| Zwift Tech Companies | 16 Sep 2020 | $450M | $1.00B | KKR |
| Kavak Hosting & Cloud Infrastructure Providers | 30 Sep 2020 | $385M | $1.15B | not named |
| Neon Payment Processing & Point of Sale | 2 Sep 2020 | $300M | not disclosed | General Atlantic |
| Greenlight Payment Processing & Point of Sale | 1 Sep 2020 | $215M | $1.20B | Canapi Ventures and TTV Capital |
| Warehousing & Storage | 24 Sep 2020 | $200M | not disclosed | Taikang Insurance Group and HighLight Capital |
| Infarm Fruit & Vegetable - Markets & Stores | 17 Sep 2020 | $170M | not disclosed | LGT Lightstone |
| Software Development Services | 22 Sep 2020 | $133M | $708M | Group 42 and BP Ventures |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did SHINE Technologies raise in its Series C round?
SHINE Technologies raised $80M in its Series C round, announced in Sep 2020.
Who led SHINE Technologies' Series C round?
Fidelity Management and Research Company LLC led it.
What was SHINE Technologies' valuation at the Series C round?
It was not disclosed.
Did SHINE Technologies raise again after this round?
Yes: a Growth round in Oct 2023 of $70M.