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
How much has Phinite raised?
$11.4Macross 4 recorded rounds · Sep 2021 – Dec 2025

Most recently, Phinite raised $5.8M in its Early Stage VC (Dec 2025).

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Phinite round by round

4 rounds
Dec 2025Early Stage VC$5.8MSEC filing▮
12 investors participated
Jan 2025Seed Round$2.0MSEC filing▮
16 investors participated
Nov 2023Seed Round$1.3MSEC filing▮
21 investors participated
Sep 2021Seed Round$299KSEC filing▮
15 investors participated

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.

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12 investors have backed Phinite.

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Frequently asked about Phinite

How much has Phinite raised?
Phinite has raised $11.4M in total across 4 recorded funding rounds.
When was Phinite's last funding round?
Phinite's most recent recorded round was Early Stage VC in Dec 2025, raising $5.8M.