Phoenix Tailings secures $40.2 million in Series B funding to expand rare earth metals production, led by Eni Next and Traxys.
Amount Raised
$40.2 Million
Round Type
Series B
BurlingtonEnergyInvestors
Description
Phoenix Tailings has closed a $40.2 million Series B round, consisting of $30.2 million in equity and $10 million in venture debt. The capital will enhance production capabilities for critical rare earth metals. It accelerates the company's integrated domestic production platform for strategic materials. The round involved participation from several prominent investors including Eni Next, Geodesic Alliance Fund, and Traxys.
Quick answer
Phoenix Tailings raised $40.2 Million in a Series B round, dated February 19, 2026. Investors: MPower Partners, Geodesic Alliance Fund, Nomura, Aether VC, Olive Tree Capital, Envisioning Partners, Eni Next and Traxys. Phoenix Tailings is based in Burlington, Massachusetts, United States.
- How much did Phoenix Tailings raise?
- Phoenix Tailings raised $40.2 Million in a Series B round on February 19, 2026.
- Who invested in Phoenix Tailings?
- MPower Partners, Geodesic Alliance Fund, Nomura, Aether VC, Olive Tree Capital, Envisioning Partners, Eni Next and Traxys are named as investors in this round.
- What does Phoenix Tailings do?
- Phoenix Tailings is a company focused on sustainable metals production and refining rare earth metals in the U.S. They utilize an innovative process that extracts metals from both traditional ores and recycled..
- Where is Phoenix Tailings based and how big is it?
- Phoenix Tailings is based in Burlington, Massachusetts, United States. Fundz records about 120 employees.
- Who are the decision-makers at Phoenix Tailings?
- Fundz holds 1 contact at Phoenix Tailings, including the Executive Officer, Director. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy around the same time
Companies in the same sectors as Phoenix Tailings that raised within 45 days of this round, from Fundz verified event records.
- Soma Energy raised $7M (Seed) on April 3, 2026.
- Nelnet raised $435M (Funding Round) on April 2, 2026.
- EnerVenue raised $300M (Series B) on April 2, 2026.
- Via Separations, Inc raised $36M on April 1, 2026.
- Airspection raised $400K (Seed) on April 1, 2026.
- Barrell Lithium raised an undisclosed amount (Series B) on April 1, 2026.
Who to call at Phoenix Tailings, and when
A new round usually means Phoenix Tailings is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Phoenix Tailings raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Phoenix Tailings, from your own LinkedIn network
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Funding Insights
What this usually meansPhoenix Tailings raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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