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Cyclic Materials

Cyclic Materials

Private
TorontoEnergy & Sustainabilityhttps://cyclicmaterials.earth

Last Round

Strategic

Aug 27, 2026

Total Funding Raised

$240.6M

Momentum

Top 5%

of companies Caplight tracks

Company Overview

Cyclic Materials operates in Energy & Sustainability and is based in Toronto. Its latest recorded funding round was a Strategic round in August 2026.

Cyclic Materials is a cleantech company that develops proprietary recycling technologies to recover rare earth elements and critical metals from end-of-life products such as electric vehicle motors, wind turbines, and electronics.

Sector

Energy & Sustainability

Verticals

Circular Economy, Sustainable Materials, Clean Manufacturing, Supply Chain, Waste Management

Business Model

B2B

Customer Profile

Hardware Sales, Services & Consulting, Data as a Service

AI Layer

Non-AI

Historical Pricing

Historical view of private secondary pricing and transaction trends.

Pricing history

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

Momentum history

Caplight clients track how buyer interest and sentiment change over time.

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Cyclic Materials Comparables

Compare Cyclic Materials with similar companies based on industry and business-model similarity.

Cyclic Materials comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
ReElement Technologies Corporation
85%
Carester
81%
REEcycle, Inc.
79%
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Cyclic Materials Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
StrategicAug 27, 2026
Series CJan 23, 2026
Series B ExtensionJan 23, 2025
Series BSep 25, 2024
GrantSep 4, 2024
Series A
Apr 25, 2023
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Key People

Founding team and executive leadership

Ahmad Ghahreman

CEO, President and co-founder

Founding Team

Alexander Forstner

VP, Engineering And Technology, CTO, Director, Engineering And Technology, Sr. Manager, Strategic Partnerships

Executive Team

Jeff Dawley

CFO

Executive Team

Matt Cherevaty

Chief Operating Officer

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Cyclic Materials Investors

Notable investors and investment history

Cyclic Materials investors
InvestorRounds
HV FundSeries B
Climate InvestmentSeries B
Zero Infinity PartnersSeries B
BDC CapitalSeries B
T. Rowe PriceStrategic, Series C
Fifth WallSeries B, Series A
Energy Impact PartnersSeries B, Series A
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Market signals

Structured signals derived from secondary market and firmographic data.

  • Sep 1, 2026

    Grew 16% QoQ, from 92 to 107 employees.

  • Aug 27, 2026

    $75M raised, led by T. Rowe Price.

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Recent news

Latest coverage and updates

  • invests_into_assetsOct 15, 2026

    Cyclic Materials Inc. is developing its first $20M commercial facility in Mesa, Arizona, as of Oct 15th '26.

  • expands_facilitiesSep 17, 2026

    Cyclic Materials Inc. expands its physical footprint by opening a commercial facility in Arizona that recovers rare-earth magnets and processes up to 25,000t of magnet-bearing products annually; commercial operations are underway, with first shipments expected in Sep '26.

  • expands_facilitiesSep 11, 2026

    Cyclic Materials Inc. opened a commercial-scale rare earth magnet recycling plant in Arizona with a 144,000-square-foot footprint and capacity to process up to 25,000 metric tonnes of end-of-life magnet-containing products annually.

  • invests_into_assetsSep 10, 2026

    Cyclic Materials Inc. opens its first U.S. facility in Mesa, Arizona, on Sep 9th '26 to recover magnets from discarded electronics and repurpose them into rare earths and critical minerals.

  • expands_facilitiesSep 10, 2026

    Cyclic Materials Inc. expands its operational footprint by opening its first U.S. rare earths recycling facility in Arizona on Sep 9th '26, a $20 million site that can process up to 25,000 metric tons of recycled scrap annually.

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Cyclic Materials Filings

Explore SEC and related filing metadata, where available.

Cyclic Materials filings preview — column headings only; records require access
TypeDateAmount OfferedAmount SoldFilingPagesDownload

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Frequently Asked Questions

Common questions about Cyclic Materials's valuation, stock price, and market status.

Is Cyclic Materials a public or private company?

Cyclic Materials is a private company.

What is the current stock price of Cyclic Materials?

Cyclic Materials is a private company, so its shares have no public market price. Caplight tracks Cyclic Materials's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.

How much is Cyclic Materials worth (valuation)?

Valuation information for Cyclic Materials is not publicly available.

Can I buy Cyclic Materials stock?

Cyclic Materials shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.

When was Cyclic Materials's last funding round?

Cyclic Materials's most recent funding round was Strategic on August 27, 2026.

Who are the main investors in Cyclic Materials?

Key investors in Cyclic Materials include T. Rowe Price, Energy Impact Partners, ArcTern Ventures, BMW i Ventures.

Will Cyclic Materials IPO soon?

No public IPO plans have been announced for Cyclic Materials.

How can I track Cyclic Materials secondary market activity?

Caplight tracks bids, offers, and trades in Cyclic Materials's shares on secondary markets.

Firmographic Details

HeadquartersToronto
Employee Range88
Year Founded2021
Last FundingAug 27, 2026

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