Tech Company Financing Transactions
Phoenix Tailings Funding Round
On 1/1/2025, Phoenix Tailings announced $43 million in Series B financing from BMW i Ventures, Envisioning Partners and Escape Velocity.
Transaction Overview
Company Name
Announced On
1/1/2025
Transaction Type
Venture Equity
Amount
$43,000,000
Round
Series B
Proceeds Purpose
The company will use the funding to build a $13 million facility in Exeter, New Hampshire, that can produce 200 metric tons of rare earths annually and should open by June 2025.
Company Information
Company Status
Private & Independent
Industry
Environmental
Mailing Address
8B Henshaw Street
Woburn, MA 01801
USA
Woburn, MA 01801
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Phoenix Tailings (Techstars Boston 2020) was founded to be the world's first fully clean mining and metals production company. By harvesting the value held within mining waste, Phoenix Tailings creates zero carbon emission metals including rare earth metals, iron, PGMs, and pigments.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Nick Myers
Chief Operating Officer
Michelle Chao
Chief Technical Officer
Thomas Villalón
VP - Administration
Patrick Portmann
VP - Client Services
Anthony Balladon
VP - Engineering
Alex Nyarko
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Where The Data Comes From
We report on tech company VC transactions. VC investment data records reported here come from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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