Phoenix Nuclear Labs Raises $2 Million

Phoenix Nuclear Labs LLC, a Monona maker of neutron generator technology, said Tuesday it has raised $2 million from outside investors.

The equity funding round was led by Venture Management LLC, Madison. At least six other investment groups in Wisconsin and outside the state participated. The company said it will use the money to support several key hires and to continue to scale up its manufacturing infrastructure.

Read more at the Milwaukee Journal Sentinel.