# PHNX Materials

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/phnx-materials

- Industry: Power & Utilities
- Headquarters: San Francisco, US
- Website: www.phnxmaterials.com/
- Total disclosed funding: $2.5M
- Latest round: Seed (Apr 21, 2025)
- Investors on record: 3

## About

PHNX Materials transforms contaminated landfilled coal ash into sustainable products, addressing waste management challenges while providing innovative building materials, critical metals, and fertilizers for diverse industries.PHNX Materials focuses on converting waste coal ash into usable products. Founded in 2024 in San Francisco, US, the company has completed one notable deal. The latest funding round took place on April 21, 2025, raising USD 2.5 mn in Seed funding with participation from Divergent Capital, KdT Ventures, and Overture. The founder has a history of entrepreneurship, having established other companies in the sustainable materials space, although specific names are not mentioned.PHNX Materials specializes in the transformation of contaminated landfilled coal ash into sustainable products, effectively addressing the challenges associated with waste management and resource recovery. The company's core offerings include lower-cost building materials, critical metals, and fertilizers, which utilize advanced chemistry to enhance their functional properties. These products serve various end-use cases, ranging from construction to agriculture, fulfilling a growing demand for environmentally-friendly alternatives in these sectors. PHNX Materials markets its solutions primarily to construction firms and agricultural producers, aiming to provide solutions that not only meet regulatory requirements but also promote sustainable practices. The company operates in multiple geographical markets, including North America and parts of Europe, where the demand for sustainable construction materials and fertilizers is on the rise.PHNX Materials generates revenue through direct sales of its innovative products to a diverse clientele, including construction companies, agricultural producers, and industrial manufacturers. The transactional structure is primarily B2B, with customers purchasing products through negotiated agreements and contracts. These agreements may include bulk purchases of building materials and fertilizers that leverage the value of recycled coal ash. PHNX Materials' revenue is bolstered by partnerships with various stakeholders in the construction and agricultural sectors, indicating a strategic approach to market penetration. While specific pricing plans for individual products are not disclosed, the company's offerings are positioned to provide cost-effective solutions that appeal to environmentally-conscious clients eager to reduce their carbon footprint while meeting performance standards.In April 2025, PHNX Materials raised USD 2.5 mn in Seed funding co-led by new investors Divergent Capital, KdT Ventures, and Overture. The company plans to utilize this funding for product portfolio expansion, enhancing its market presence, improving sulfur and aluminum extraction processes, and increasing the supply of fly ash for concrete companies. PHNX Materials aims to launch new products that focus on sustainable practices by 2026 and plans to expand into new markets in Europe and Asia by 2027, strategically positioning itself to meet the rising demand for sustainable construction materials and fertilizers.

## Funding rounds

- Seed, Apr 21, 2025, $2.5M — KdT Ventures, Overture, Divergent Capital

## Investors

- KdT Ventures (https://capitalatlas.ai/funds/kdt-ventures) — Seed
- Overture (https://capitalatlas.ai/funds/overture) — Seed
- Divergent Capital (https://capitalatlas.ai/funds/divergent-capital) — Seed