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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, 20248 months ago

Round Type

series b

BurlingtonEnergy

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.

Company Information

Company

Phoenix Tailings

Location

20 North Ave.

Burlington, Massachusetts, United States

About

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.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers