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PHNX Materials

Tech Company Financing Transactions

PHNX Materials Funding Round

PHNX Materials, operating out of Tracy, secured $2.5 million from Divergent Capital, KdT Ventures and Overture VC.

Transaction Overview

Company Name

PHNX Materials

Announced On

4/21/2025

Transaction Type

Venture Equity

Amount

$2,500,000

Round

Seed

Investors

Divergent Capital (Lead Investor)

KdT Ventures (Lead Investor)

Overture VC (Lead Investor)

private investors (Jane Woodward)

Proceeds Purpose

Ash has been used for millennia in concrete. Ancient Romans used volcanic ash, and over the past century or so, state transportation departments have turned to fly ash from coal plants. Caltrans, for example, requires a minimum 25% fly ash in concrete used for its projects.

Company Information

Company Status

Private & Independent

Industry

Advanced Materials

Mailing Address

125 West 9th St
Tracy, CA 95376
USA

Phone

(602) 920-3758

Website

www.phnxmaterials.com

Email Address

phnxadmin@phnxmaterials.com

Overview

PHNX Materials refines the 2.9B tons of U.S. landfilled coal ash into valuable end-products. PHNX views landfilled ash as an abundant domestic resource. We are a team of Stanford engineers and chemists, and have developed technology to process this contaminated material into ASTM grade fly-ash to strengthen domestic infrastructure. As we strip away the impurities, we create value-added products like aluminum, rare earth elements and fertilizers.

Profile

Social Media

Company News

Facebook

YouTube

Management Team

Title

Name

Email & Social

Chief Executive Officer

Krish Mehta

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