Monona-based Phoenix Nuclear Labs has closed on a $2 million equity fundraising round that will allow it to further develop and eventually commercialize its neutron generator technology. In 2015, Phoenix will build a next-generation neutron imaging system for the U.S. Army.
The investment round was led by Venture Management LLC and joined by Wisconsin Investment Partners, New Capital Fund, the Chippewa Valley Angel Investment Network, and Mendota Venture Capital.
