# Phoenix Tailings funding: rounds and investors > Phoenix Tailings has raised $530M across 2 rounds since 2026. Investors include Techstars, National Science Foundation and J2 Ventures. Source: https://millionrounds.com/company/phoenix-tailings (Millionrounds; every figure on the page links to its filing or article) United States · [Funded startup](https://millionrounds.com/companies) # Who invested in *Phoenix Tailings* 2 rounds we have observed, with the 5 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. Follow Phoenix Tailings and see its new rounds in your feed. [Sign up free](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Fphoenix-tailings) Chemicals & Materials Raised 5 months ago Funding summary Updated 27 Oct 2026 **$530M** raised across 2 rounds since 2026, from 2 sources **$30M** Series B **$500M** Debt - **Latest round:** Debt, $500M Jun 2026 - **Step-up i:** 16.6× - **Investors:** 5 See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2027 **$30M** Series B **$500M** Debt - **First round:** Series B, $30M - **Biggest round:** $500M - **Between rounds:** 4 months ## The rounds - **Jun 2026** Debt **$500M** *1 new* *3 returning* [Techstars](https://millionrounds.com/fund/techstars) [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) [Geodesic Capital](https://millionrounds.com/fund/geodesic-capital) [J2 Ventures](https://millionrounds.com/fund/j2-ventures) Source recorded SEC filing: $107M sold, first sale Nov 2024 - **Feb 2026** Series B **$30M** *4 new* [Techstars](https://millionrounds.com/fund/techstars) [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) [In-Q-Tel](https://millionrounds.com/fund/iqt) [J2 Ventures](https://millionrounds.com/fund/j2-ventures) Source recorded SEC filing: $107M sold, first sale Nov 2024 ## Founders and team From Phoenix Tailings's own website: 2 founders, 9 on the team. **Nick Myers** Chief Executive Officer & Co-Founder **Anthony Balladon** Chief Commercial Officer & Co-Founder - **George Kellerman** President of APAC - **Clement Cazalot** Chief Operations Officer - **Leo Salgado** Chief Manufacturing Officer - **Lynda Freshman** Chief Legal & Compliance Officer - **Pat Kumashiro** Chief Strategy Officer - **Patrick Portmann** Chief of Staff - **Alex Nyarko** VP of Upstream Processing - **Rahul Sen** VP of Technology - **Rick Salvucci** VP 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. **Series B** 2026 **Debt** 2026 [Techstars](https://millionrounds.com/fund/techstars) [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) [J2 Ventures](https://millionrounds.com/fund/j2-ventures) [In-Q-Tel](https://millionrounds.com/fund/iqt) [Geodesic Capital](https://millionrounds.com/fund/geodesic-capital) ## Everyone who backed them [Techstars](https://millionrounds.com/fund/techstars) VC firm **2** rounds [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) Government **2** rounds [J2 Ventures](https://millionrounds.com/fund/j2-ventures) VC firm **2** rounds [In-Q-Tel](https://millionrounds.com/fund/iqt) Accelerator **1** round [Geodesic Capital](https://millionrounds.com/fund/geodesic-capital) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=phoenix-tailings). ## 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. [Toba Capital](https://millionrounds.com/fund/toba-capital) VC firm Per its own site [Bantam Group](https://millionrounds.com/fund/bantam-group) VC firm Per its own site [Presidio Ventures](https://millionrounds.com/fund/presidio-ventures) Corporate VC Per its own site [BMW i Ventures](https://millionrounds.com/fund/bmw-i-ventures) Corporate VC Per its own site [Bandera Capital](https://millionrounds.com/fund/bandera-capital) VC firm Per its own site [Coalition Ventures](https://millionrounds.com/fund/coalition-ventures) Venture studio Per its own site [EIC Rose Rock](https://millionrounds.com/fund/eic-rose-rock) VC firm Per its own site [Prospect Innovation](https://millionrounds.com/fund/prospect-innovation) Venture studio Per its own site [Purexs Capital](https://millionrounds.com/fund/purexs-capital) Family office Per its own site [SkyRiver Ventures](https://millionrounds.com/fund/skyriver-ventures) VC firm Per its own site [Standish Spring Investments](https://millionrounds.com/fund/standish-spring-investments) VC firm Per its own site [Telluride Venture Network](https://millionrounds.com/fund/telluride-venture-network) VC firm Per its own site ## Quick answers about Phoenix Tailings ### Who invested in Phoenix Tailings? Phoenix Tailings's investors include Techstars, National Science Foundation, J2 Ventures, In-Q-Tel and Geodesic Capital. ### 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. ## Companies like Phoenix Tailings 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) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app