Phoenix Tailings Closes on Additional $33M in Funding

Rare Earth Metals Refining Company Phoenix Tailings Closes on Additional $33M in Funding From Strategic Investors, Bringing the Round up to $76M to Support Rare Earth Metal Independence

WOBURN, Mass.--(BUSINESS WIRE)--May 1, 2025-

Phoenix Tailings Closes on Additional $33M in Funding

Phoenix Tailings, a Woburn, MA-based rare earth metals refining company, raised an additional $33m in Series B funding. The second close was anchored by Escape Velocity, a venture vehicle founded by former Goldman Sachs executives Ganesh Ramani and Ram Sundaram, along with new investments from Builders Vision, Yamaha Motor Ventures, M Power, and Presidio, the venture arm of Sumitomo […] The post Phoenix Tailings Closes on Additional $33M in Fund…