# Phoenix Tailings

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/phoenix-tailings

- Industry: Mining
- Headquarters: Woburn, US
- Website: www.phoenixtailings.com/
- Total disclosed funding: $119M
- Latest round: Series B (Feb 19, 2026)
- Investors on record: 13

## About

Founded in 2019 by Anthony Balladon, Michelle Chao (COO), Nicholas Myers (CEO), and Tomás Villalón (CTO), and based in Massachusetts, US, Phoenix Tailings, Inc. operates as a company providing clean mining and metals production company. In February 2026, Phoenix Tailings, Inc. raised USD 40.2 million in series B and venture debt funding Traxys, Eni Next, Geodesic Capital, Aether Investment Partners, Olive Tree Capital, Envisioning Partners, MPower Partners, and Nomura Capital Management. The firm serves customers in the Defense, Automotive, Electronics, and Biotech industries. The firm employs a proprietary process to extract usable metals, including rare earth metals, from mining waste known as tailings. The firm extracts metals like Ferro-Dysprosium Alloys, Neodymium, and Dysprosium derived from the recycling and re-mining of Bauxite Residue. The company will use the February 2026 funding to expand its rare earth metals production capabilities and accelerate the buildout of a fully integrated domestic rare earth production platform in the United States.

## Funding rounds

- Series B, Feb 19, 2026, $30M — Traxys, Geodesic Capital, Eni Next, Olive Tree Capital, MPower Partners, Envisioning Partners
- Series B, May 2, 2025, $33M — Presidio Ventures, Yamaha Motor Ventures, MPower Partners, Builders Vision, Envisioning Partners, Escape Velocity
- Series B, Nov 20, 2024, $44M — BMW i Ventures, In-Q-Tel, Yamaha Motor Ventures, MPower Partners, Envisioning Partners, Escape Velocity
- Series A, Jul 8, 2021, $12M — Presidio Ventures, Envisioning Partners, EIC Rose Rock

## Investors

- Presidio Ventures (https://capitalatlas.ai/funds/presidio-ventures) — Series A, Series B
- Envisioning Partners (https://capitalatlas.ai/funds/envisioning-partners) — Series A, Series B
- EIC Rose Rock (https://capitalatlas.ai/funds/eic-rose-rock) — Series A
- BMW i Ventures (https://capitalatlas.ai/funds/bmw-i-ventures) — Series B
- In-Q-Tel (https://capitalatlas.ai/funds/in-q-tel) — Series B
- Yamaha Motor Ventures (https://capitalatlas.ai/funds/yamaha-motor-ventures) — Series B
- MPower Partners — Series B
- Escape Velocity — Series B
- Builders Vision — Series B
- Traxys — Series B
- Geodesic Capital (https://capitalatlas.ai/funds/geodesic-capital) — Series B
- Eni Next (https://capitalatlas.ai/funds/eni-next) — Series B
- Olive Tree Capital (https://capitalatlas.ai/funds/olive-tree-capital) — Series B