What is SHINE?
Founded in 2005 by Greg Piefer, SHINE is dedicated to exploring and commercializing fusion technology. The company's purpose is to leverage nuclear technology for tangible, real-world improvements, adopting a commercially practical and growth-oriented approach. SHINE aims to make nuclear technology accessible and beneficial for a wide range of market applications, positioning itself at the forefront of innovation in the energy sector.
How much funding has SHINE raised?
SHINE has raised a total of $796.8M across 10 funding rounds:
Debt
$6.9M
Series B
$30M
Corporate Investment
$50M
Debt
$1M
Unspecified
$94.6M
Series C
$150M
Other Financing Round
$70M
Private Equity
$240M
Debt (2017): $6.9M, investors not publicly disclosed
Series B (2018): $30M, investors not publicly disclosed
Corporate Investment (2019): $50M backed by Oaktree Capital Management L.P.
Debt (2020): $1M with participation from PPP
Unspecified (2021): $94.6M, investors not publicly disclosed
Series C (2021): $150M supported by Koch Disruptive Technologies, Baillie Gifford, and Fidelity Investments
Other Financing Round (2023): $70M featuring Baillie Gifford and Fidelity Investments
Private Equity (2026): $240M backed by Pelican Energy Partners, Fidelity Investments (FMR, Sumitomo Corporation of Americas, Oaktree Capital Management, Deerfield, and NantWorks
Key Investors in SHINE
Koch Disruptive Technologies
Koch Disruptive Technologies is an investment firm focused on identifying and supporting transformative technologies and innovative business models. Their investment in SHINE suggests a strategic interest in the future of energy and advanced materials.
Baillie Gifford
Baillie Gifford is an investment management firm that specializes in giving investment advice. Baillie Gifford was founded in Edinburgh in 1908 and still has its headquarters in the city.
Fidelity Investments
Fidelity Investments is an international provider of financial services and investment resources that help individuals and institutions meet their financial objectives.
What's next for SHINE?
With substantial enterprise-level backing, SHINE is poised for accelerated growth and development. The company's focus on near-term market applications of fusion technology suggests a strategic roadmap aimed at scaling operations and expanding its technological reach. Future endeavors will likely involve further research and development, strategic partnerships, and the deployment of its innovative nuclear solutions to address global energy needs and challenges. The significant investment indicates a strong belief in SHINE's potential to revolutionize the energy landscape.
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