Canada · 
Who invested in Cyclic Materials?
Cyclic Materials's investors include Fifth Wall, Energy Impact Partners and Hitachi Ventures.
20262027
$75MSeries C$75MVenture
Canada · Venture startup
Who invested in Cyclic Materials
Funding summaryUpdated 26 Oct 2026
$150Mraised across 2 rounds since 2026, from 2 sources
$75MSeries C$75MVenture
- Latest round
- Venture, $75MAug 2026
- Investors
- 3
The funding story
Each circle is a round, placed by date and sized by amount. The line above is the running total.
- First round
- Series C, $75M Jan 2026
- Biggest round
- $75M Venture · Aug 2026
- Between rounds
- 7 months from the last two
The rounds
- Aug 2026
- Jan 2026
Founders and team
From Cyclic Materials's own website: 1 founder, 10 on the team.
- Alex ForstnerCTO
- Jeff DawleyCFO
- Matt CherevatyCOO
- Deta ConstantineHead of HR, People & Culture
- Klaus KleinfeldDirector
- Marc FaucherDirector
- Peter KondosDirector
- Rik WehbringDirector
- Sam BurstenDirector
- Scott WalbrunDirector
AdvisersAdam ShineChristophe LautrayMike Outwin
Who was in which round
The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.
Everyone who backed them
Missing a round, or an investor who was in one? Tell us.
Also claim to have backed them
These 4 firms list Cyclic Materials as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.
Quick answers about Cyclic Materials
How much has Cyclic Materials raised?
Cyclic Materials has raised $150M across 2 rounds since 2026.
When did Cyclic Materials last raise?
Cyclic Materials's most recent round was a Venture of $75M in Aug 2026.
What was Cyclic Materials's biggest round?
Its most recent round, $75M in Aug 2026, is also its largest on record.
Who backed Cyclic Materials first?
Cyclic Materials's first round on record, in Jan 2026, was backed by Fifth Wall, Energy Impact Partners and Hitachi Ventures.
What stage is Cyclic Materials at?
Cyclic Materials's latest named round is a Venture, in Aug 2026.
Where is Cyclic Materials based?
Cyclic Materials is based in Canada.
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