United States · 
Who invested in Phoenix Tailings?
Phoenix Tailings's investors include Techstars, National Science Foundation, J2 Ventures, In-Q-Tel and Geodesic Capital.
2027
$30MSeries B$500MDebt
United States · Funded startup
Who invested in Phoenix Tailings
Funding summaryUpdated 26 Oct 2026
$530Mraised across 2 rounds since 2026, from 2 sources
$30MSeries B$500MDebt
- Latest round
- Debt, $500MJun 2026
- Step-upi
- 16.6×
- Investors
- 5
The funding story
Each circle is a round, placed by date and sized by amount. The line above is the running total.
- First round
- Series B, $30M Feb 2026
- Biggest round
- $500M Debt · Jun 2026
- Between rounds
- 4 months from the last two
The rounds
- Jun 2026Debt$500M1 new3 returning
Source recordedSEC filing: $107M sold, first sale Nov 2024
- Feb 2026Series B$30M4 new
Source recordedSEC filing: $107M sold, first sale Nov 2024
Founders and team
From Phoenix Tailings's own website: 2 founders, 9 on the team.
Nick MyersChief Executive Officer & Co-Founder
Anthony BalladonChief Commercial Officer & Co-Founder
- George KellermanPresident of APAC
- Clement CazalotChief Operations Officer
- Leo SalgadoChief Manufacturing Officer
- Lynda FreshmanChief Legal & Compliance Officer
- Pat KumashiroChief Strategy Officer
- Patrick PortmannChief of Staff
- Alex NyarkoVP of Upstream Processing
- Rahul SenVP of Technology
- Rick SalvucciVP of Downstream Processing
Who was in which round
The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.
Everyone who backed them
Missing a round, or an investor who was in one? Tell us.
Also claim to have backed them
These 12 firms list Phoenix Tailings as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.
Quick answers about Phoenix Tailings
How much has Phoenix Tailings raised?
Phoenix Tailings has raised $530M across 2 rounds since 2026.
When did Phoenix Tailings last raise?
Phoenix Tailings's most recent round was a Debt of $500M in Jun 2026.
What was Phoenix Tailings's biggest round?
Its most recent round, $500M in Jun 2026, is also its largest on record.
Who backed Phoenix Tailings first?
Phoenix Tailings's first round on record, in Feb 2026, was backed by Techstars, National Science Foundation and In-Q-Tel and 1 others.
What stage is Phoenix Tailings at?
Phoenix Tailings's latest named round is a Debt, in Jun 2026.
Where is Phoenix Tailings based?
Phoenix Tailings is based in the United States.
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