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Antenna

Manufacturing · Woburn, Massachusetts · Founded 2019 · Raised $116.6M · Growth stage

Phoenix Tailings

Leads rare earth refining in the U.S. to secure the metals our economy and defense need to thrive

Review noteCompany press (Feb 2026): $40.2M B-3 round ($30.2M equity plus $10M Nomura venture debt) bringing total Series B funding to $116.6M; Tracxn search snippet lists $149M total over 9 rounds and 'founded in 2019' (not opened; another source says 2018). Source ↗

Edge

8#255 · ▲39 in 7d

2 of 8 families

Why now

  1. $75K Air Force SBIR/STTR order, 8 prior awards on record: Heavy rare earth separation for aerospace engine…

    Capital · Jun 24

  2. Appeared on the Tranco web ranking on Oct 16 and now ranks 4,516,648, unranked 30 and 90 days earlier

    Traffic · Oct 16

Score

Momentum22

 

Capital, traffic

Thesis fit89

× 0.92

Matched on aerospace, air force, critical metal, defense, industrial

Earliness11

× 0.47

Already visible: funding stage, capital raised

Team–

× 0.85

No people identified yet

22 × 0.92 × 0.47 × 0.85 = 8

Edge, 12 weeks