# Phase Two Chemicals funding: rounds and investors

> Phase Two Chemicals has raised $12M across 1 round since 2022. Investors include National Science Foundation and MassChallenge. Every round with its source.

Source: https://millionrounds.com/company/phase-two-chemicals (Millionrounds; every figure on the page links to its filing or article)

United States · [Series A startup](https://millionrounds.com/companies)

# Who invested in *Phase Two Chemicals*

One round we have observed, with the 2 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Chemicals & Materials

Funding summary Updated 26 Oct 2026

**$12M** raised across 1 round since 2022, from 1 source

- **Latest round:** Series A, $12M Jan 2022
- **Investors:** 2

See who backed them

## The rounds

- **Jan 2022** Series A **$12M** [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) [MassChallenge](https://millionrounds.com/fund/masschallenge) Source recorded

## Everyone who backed them

[National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) Government **1** round

[MassChallenge](https://millionrounds.com/fund/masschallenge) Accelerator **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=phase-two-chemicals).

## Quick answers about Phase Two Chemicals

### Who invested in Phase Two Chemicals?

Phase Two Chemicals's investors include National Science Foundation and MassChallenge.

### How much has Phase Two Chemicals raised?

Phase Two Chemicals has raised $12M across 1 round since 2022.

### When did Phase Two Chemicals last raise?

Phase Two Chemicals's most recent round was a Series A of $12M in Jan 2022.

### What was Phase Two Chemicals's biggest round?

Its most recent round, $12M in Jan 2022, is also its largest on record.

### Who backed Phase Two Chemicals first?

Phase Two Chemicals's first round on record, in Jan 2022, was backed by National Science Foundation and MassChallenge.

### What stage is Phase Two Chemicals at?

Phase Two Chemicals's latest named round is a Series A, in Jan 2022.

### Where is Phase Two Chemicals based?

Phase Two Chemicals is based in the United States.

## Companies like Phase Two Chemicals

In the same sector, and raised in the last eighteen months.

[**Albert Invent** $20M · Oct 2026](https://millionrounds.com/company/albert-invent)[**Albert** $57M · Oct 2026](https://millionrounds.com/company/albert)[**Azulene Labs** $3.4M · Sept 2026](https://millionrounds.com/company/azulene-labs)[**Critical Materials Group** $10M · Sept 2026](https://millionrounds.com/company/critical-materials-group)[**Rise Reforming** $500K · Sept 2026](https://millionrounds.com/company/rise-reforming)[**Fluxnium** $7.0M · Sept 2026](https://millionrounds.com/company/fluxnium)

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