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Phinite

Turkey, NC · Founded 2018 · Privately Held (backing)

Manufacturer of manure and drying systems intended to turn animal waste from farms into a renewable, low-carbon fertilizer product. Phinite is based in Turkey, NC and was founded in 2018. Its last reported valuation was $7.3 million in Jan 2024. It has raised $11.4 million across 4 recorded rounds; the latest was a $5.8 million early-stage round in Dec 2025.

Last reported valuation
$7.3M
Oct 2026
Priced at
—
Total raised
$11.4M
Last round
Early Stage VC
Dec 2025

Phinite key facts

as of Oct 2026
  • Manufacturer of manure and drying systems intended to turn animal waste from farms into a renewable, low-carbon fertilizer product.
  • Phinite is valued at approximately $7.3M as of Oct 2026 (last reported valuation).
  • It has raised $11.4M across 4 recorded rounds; the latest was Early Stage VC ($5.8M) in Dec 2025.
  • Notable investors include NC Tweener Fund, Serra Ventures, Ag Ventures Alliance, NC Idea, Fox Ventures — 12 tracked in total.
  • Phinite has filed 3 Form Ds with the SEC since 2021, most recently Jan 2025 ($2.0M sold to 16 investors).
  • Status: Privately Held (backing).
Last reported valuation
LOW confidence
$7.3M

Phinite's last reported valuation, Jan 2024. Nothing priced has surfaced since.

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Phinite funding rounds

4 rounds
Dec 2025Early Stage VC$5.8MSEC filing▮
Jan 2025Seed Round$2.0MSEC filing▮
Nov 2023Seed Round$1.3MSEC filing▮
Sep 2021Seed Round$299KSEC filing▮
Full funding history →

Phinite valuation

Phinite's last reported valuation was $7.3 million in Jan 2024. No priced round, secondary trade or fund mark has surfaced since.

How much has Phinite raised?

Phinite has raised $11.4 million across 4 recorded rounds since 2021. The largest was a $5.8 million early-stage round in Dec 2025.

Phinite has filed 3 Form Ds with the SEC since 2021, most recently in Jan 2025 ($2 million sold to 16 investors).

Phinite investors

12 investors are on record for Phinite, including NC Tweener Fund, Serra Ventures, Ag Ventures Alliance and NC Idea. The early-stage round in Dec 2025 drew 12 investors.

About Phinite

Manufacturer of manure and drying systems intended to turn animal waste from farms into a renewable, low-carbon fertilizer product. The company provides granular, odorless, that can be spread easily using conventional application equipment, enabling farmers to improve soil fertility and crop yields.

Sector
Materials and Resources
HQ
Turkey, NC, United States
Founded
2018
Employees
7
Ownership
Privately Held (backing)

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