Tech Company Financing Transactions
Phoenix Tailings Funding Round
Eni Next, Envisioning Partners and Geodesic Capital invested in a $40.2 million Series B funding round for Phoenix Tailings. The financing closed on 2/19/2026.
Transaction Overview
Company Name
Announced On
2/19/2026
Transaction Type
Venture Equity
Amount
$40,200,000
Round
Series B
Investors
Proceeds Purpose
Proceeds from the round will expand Phoenix Tailings' capabilities beyond its current production of neodymium-praseodymium (NdPr), dysprosium (Dy), and terbium (Tb) to include samarium (Sm), yttrium (Y), and other critical rare earth metals.
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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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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