NEWCaplight raises a $16M Series A, led by BlackRock and Fin Capital →
Skip to main content
Caplight Logo









PHNX Materials

PHNX Materials

Private
San Leandro, CaliforniaFrontier & Industrial Techhttps://phnxmaterials.com/

Last Round

Grant

Jun 5, 2025

Total Funding Raised

$4.78M

Company Overview

PHNX Materials is a materials science company that transforms landfilled coal ash into products such as fly-ash for concrete, critical metals, and fertilizers.

Sector

Frontier & Industrial Tech

Verticals

Advanced Materials, Circular Economy, Sustainable Materials, Waste Management, Semiconductors

Business Model

B2B

Customer Profile

Hardware Sales

AI Layer

Non-AI

Keywords

coal ash recyclingsupplementary cementitious materialsSCMcircular economycritical mineralsurban miningfly ashrare-earth elementsREEsustainable construction materialswaste remediationindustrial waste processingdomestic supply chainmetal recoverygreen tech

Historical Pricing

Historical view of private secondary pricing and transaction trends.

Unlock Pricing Charts

Sign up to view complete historical pricing and secondary transactions.

Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

View Momentum History

Track how buyer interest and sentiment changes over time.

PHNX Materials Comps

Public and private peers based on sector, stage, and business model.

PHNX Materials comps — public and private peers by sector, stage, and business model
CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

View Full Comps Set

Access detailed peer comparisons, multiples, and valuation benchmarks.

PHNX Materials Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
GrantJun 5, 2025
SeedApr 21, 2025
AcceleratorJul 1, 2024

Key People

Founding team and executive leadership

Krish Mehta

Chief Executive Officer

Executive Team

Jorge Osio-Norgaard

Chief Technology Officer

Executive Team

PHNX Materials Investors

Notable investors and investment history

PHNX Materials investors
InvestorRounds
Ohio Department of DevelopmentGrant
Ravelin CapitalSeed
Overture ClimateSeed
ActivateAccelerator
KdT VenturesSeed
Divergent CapitalSeed

Market signals

Structured signals derived from secondary market and firmographic data.

  • Apr 21, 2025

    $2.5M round led by Divergent Capital, Kdt Ventures, and Overture Climate.

PHNX Materials Filings

SEC and related filings with document metadata.

Data table
TypedDateAmount OfferedAmount SoldFillingPagesDownload
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation

PHNX Materials Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about PHNX Materials's valuation, stock price, and market status.

Firmographic Details

HeadquartersSan Leandro, California
Employee Range8
Year Founded2024
Last FundingJun 5, 2025

Institutional Data Access

Join leading institutional investors using Caplight to access private market data, discover pricing, and execute secondary block trades.

Requires verified institutional or accredited status.