As of 14 Oct 2026, Phoenix Metals has raised $4.5M across 1 verified round on record (amounts in other currencies converted to USD); latest: €4 million seed round, announced 10 Sep 2026.
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phoenixmetals.nlRotterdamOtherFounded 2019
3 sources
| Round | Amount | Announced | Lead | Buzz |
|---|---|---|---|---|
| Seed [ REPORTED LATER ]: This round was announced before Fireround first saw it. It stays in the company's history, not in Latest, Trending, or alerts. | $4.5M €4 million | 2026-09-10 | not stated | No recent discussion |
3 sources | ||||
Phoenix Metals recovers vanadium and other critical metals from industrial waste such as steel slag to make battery materials and reusable mineral products for European energy-storage and industrial markets.
Phoenix Metals says Europe imports 95% of its vanadium demand, while its low-temperature hydrometallurgical process recovers vanadium and other materials from industrial waste without ammonia or organic solvents, addressing both raw-material dependence and waste. The €4 million seed round funds a 500-tonne IJmuiden pilot that is intended to move the company from lab-scale development to industrial demonstration and generate the product qualification and partnerships needed for a commercial facility.
Checked against 8 sources on Oct 1
Also named as backers in company research: European Just Transition Fund, European Regional Development Fund, Kansen voor West III, Municipality of Rotterdam, Province of South Holland, Netherlands Enterprise Agency (RVO), Transition Fund