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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 1%

of companies Caplight tracks

Company Overview

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, Advanced Materials, Sustainable Materials, Waste Management

Business Model

B2B

Customer Profile

Hardware Sales, Services & Consulting, Data as a Service

AI Layer

Non-AI

Keywords

rare earth recyclingmagnet recyclingREErare earth elementshydrometallurgyurban miningmaterial recoverycircular supply chaincritical mineralsclosed-loop manufacturingneodymium recoverycleantechgreen miningbattery recyclingdigital product passport

Historical Pricing

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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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%

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

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

Executive Team

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

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.

Recent news

Latest coverage and updates

  • expands_facilitiesSep 17, 2026

    Cyclic Materials Inc. expanded facilities to United States, Northern America, Americas on Aug 4th '26.

  • expands_facilitiesSep 11, 2026

    Cyclic Materials Inc. expanded facilities to Mesa, Arizona, United States, Northern America, Americas on Sep 9th '26.

  • expands_facilitiesSep 10, 2026

    Cyclic Materials Inc. expanded facilities to United States, Northern America, Americas on Sep 10th '26.

  • invests_into_assetsSep 10, 2026

    Cyclic Materials Inc. invested into assets: facility in the amount of $20M in Mesa, Arizona, United States, Northern America, Americas on Sep 9th '26.

  • expands_facilitiesSep 9, 2026

    Cyclic Materials Inc. expanded facilities to Mesa, Arizona, United States, Northern America, Americas on Sep 9th '26.

Cyclic Materials Filings

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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 with no public stock price. No recent secondary market data is available.

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. Visit https://www.caplight.com to learn more.

When was Cyclic Materials's last funding round?

Cyclic Materials's most recent funding round was Series C on January 23, 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 for private companies. Visit https://www.caplight.com to monitor Cyclic Materials's secondary market activity and sign up for updates.

Firmographic Details

HeadquartersToronto
Employee Range88
Year Founded2021
Last FundingAug 27, 2026

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