Phoenix wraps up new equity financing

Nuclear fusion technology developer Phoenix Nuclear Labs (PNL) has completed a $2 million equity financing round.

The financing, which was led by Venture Management, also included Wisconsin Investment Partners, New Capital Fund, Knox, the Chippewa Valley Angel Investment Network, DJW Advisors, and Mendota Venture Capital, PNL said. The investment will be used to support several key hires and to continue to scale up the firm's manufacturing infrastructure as it moves toward commercialization of its platform neutron generator technology.

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