Phoenix Tailings raised an undisclosed amount in a Series B funding round led by Envisioning Partners to enhance rare earth metal processing capabilities.
Dec 31, 2024•8 months ago
Round Type
series b
Investors
Bmw I VenturesEscape VelocityYamaha Motor VenturesEnvisioning Partners
Description
BMW i Ventures has announced its investment in Phoenix Tailings, a company focused on sustainable metals production. This Series B funding round aims to expand Phoenix Tailings' rare earth processing capabilities to produce approximately 200 tons annually.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers