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Phoenix Metals has raised $4.6M in seed funding to build out its role as a middleman between primary metal producers and the companies that buy from them.
The round drew backing from InnovationQuarter, ROM InWest, and Mossinkoff Investments. Phoenix Metals positions itself as a one-stop depot for metal service needs, processing custom orders on state-of-the-art equipment so buyers can get material cut and finished to their exact specifications rather than working directly with producers.
Phoenix Metals raises €4M seed to recover vanadium from industrial waste - Dealroom What's the deal? Dutch deep-tech company Phoenix Metals has raised a €4 million seed round led by regional development agencies InnovationQuarter and ROM InWest , with regional investor Mossinkoff Investments participating.
The money will fund a pilot facility in IJmuiden that processes around 500 tonnes of material. What's the endgame? Phoenix Metals uses a low-temperature hydrometallurgical process to recover vanadium and other materials from industrial waste, including steel slag, refinery residues and maritime waste. Unlike processes that target a single metal, it aims to recover the full material stream — iron,
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Contacts, investors, buying intent signals & tech stack.
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InnovationQuarter
VENTURE CAPITAL
ROM InWest
VC
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