Shine Medical Gets $11M In VC Funding

Middleton-based Shine Medical Technologies has secured $11 million in venture capital funding, WTN News reports. The transaction was led by Knox, a Las Vegas venture capital fund created by Frederick Mancheski,which contributed $10 million of the funding.

The firm received additional commitments from 14 other individual investors. The new funding will help the group to continue with a request to secure the outstanding federal matching funds of about $25 million. The funds will be used to develop an $80 million medical isotope project.

Click here for the release from Shine Medical Technologies.