Cyclic Materials

A circular supply of critical materials.

Toronto, Canada · Founded 2021 · $155.0M raised

Headquarters
Toronto
Employees
51–200
Founded
2021
Business Model
B2B
Total Funding
$155.0M
Last Round
$75.0M Series CJan 2026
Rounds
3

Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.

About

Cyclic Materials recovers rare earth elements (REEs) and other critical materials from end-of-life products using its proprietary MagCycle and REEPure technologies. The company builds a circular supply chain that reduces reliance on newly mined materials, cutting CO₂ emissions by up to 61.2% compared to traditional mining. Cyclic partners with automotive, renewable energy, and technology sectors to deliver high-quality recycled critical materials at commercial scale.

Summary

Cyclic Materials is a Clean Tech company based in Toronto, Canada, founded in 2021. It has raised $155.0M in total across 3 rounds, most recently a $75.0M Series C round in Jan 2026. Investors include Arctern Ventures and Energy Impact Partners.

Tech & App Stack

9 technologies & apps tracked

Every product and vendor across these categories, with where each signal came from.

Create a free account with 25 free credits every month, no card needed, to unlock the full tech & app stack, funding history, and valuations.

Funding History

Series CSeries CJan 2026
$75.0M

Sign up to see all 3 events

Funding: Series A through Series C. Amounts, valuations, and investors where available.

Investors

Similar Companies

Boston Metal

Develops Molten Oxide Electrolysis to produce low-carbon steel and recover valuable metals from m...

Boston, United States201–500Climate Tech, Manufacturing
ConvertibleTotal funding$506.5MJul 2025
Stegra

Green steel company using hydrogen and renewable electricity to decarbonize steel production. For...

Stockholm, Sweden201–500Clean Tech, Climate Tech
Venture RoundTotal funding$4.6BJun 2026
Lucid MotorsIPO

American electric vehicle manufacturer producing luxury EVs including the Lucid Air sedan and Gra...

Newark, United States1001–5000Climate Tech, Automotive
Corporate RoundTotal funding$3.1BApr 2026
Base Power

Home battery and energy company that provides distributed power storage to reinforce the electric...

Austin, United States51–200Clean Energy, Clean Tech
Series DTotal funding$2.3BAug 2026
Ascend Elements

Ascend Elements manufactures engineered lithium-ion battery materials from recycled batteries and...

Westborough, United States51–200Advanced Manufacturing, Clean Tech
Growth EquityTotal funding$1.0BFeb 2024
Twelve

Carbon transformation company that converts CO2 into essential products like sustainable aviation...

Berkeley, United States201–500Carbon Capture, Clean Tech
Series CTotal funding$936.4MDec 2025

Your company? Embed this profile

Add the live badge to your site — it stays current as your funding data updates.

Cyclic Materials on Indexed.vc
<a href="https://indexed.vc/companies/cyclic-materials"><img src="https://indexed.vc/api/badge/company/cyclic-materials" alt="Cyclic Materials on Indexed.vc" width="260" height="76" /></a>