# Li-Cycle funding: rounds and investors

> Li-Cycle has raised $7.5M across 1 round since 2025. Investors include BDC Capital, US Department of Energy and Franklin Templeton. Every round with its source.

Source: https://millionrounds.com/company/li-cycle (Millionrounds; every figure on the page links to its filing or article)

Canada · [Funded startup](https://millionrounds.com/companies)

# Who invested in *Li-Cycle*

One round we have observed, with the 3 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Energy

Funding summary Updated 26 Oct 2026

**$7.5M** raised across 1 round since 2025, from 1 source

- **Latest round:** Debt, $7.5M May 2025
- **Investors:** 3

See who backed them

## The rounds

- **May 2025** Debt **$7.5M** [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) [Franklin Templeton](https://millionrounds.com/fund/franklin-templeton) Source recorded

## Everyone who backed them

[BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) VC firm **1** round

[US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) Government **1** round

[Franklin Templeton](https://millionrounds.com/fund/franklin-templeton) Private equity **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=li-cycle).

## Also claim to have backed them

This firm lists Li-Cycle as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[Energy Impact Partners](https://millionrounds.com/fund/energy-impact-partners) VC firm Per its own site

## Quick answers about Li-Cycle

### Who invested in Li-Cycle?

Li-Cycle's investors include BDC Capital, US Department of Energy and Franklin Templeton.

### How much has Li-Cycle raised?

Li-Cycle has raised $7.5M across 1 round since 2025.

### When did Li-Cycle last raise?

Li-Cycle's most recent round was a Debt of $7.5M in May 2025.

### What was Li-Cycle's biggest round?

Its most recent round, $7.5M in May 2025, is also its largest on record.

### Who backed Li-Cycle first?

Li-Cycle's first round on record, in May 2025, was backed by BDC Capital, US Department of Energy and Franklin Templeton.

### What stage is Li-Cycle at?

Li-Cycle's latest named round is a Debt, in May 2025.

### Where is Li-Cycle based?

Li-Cycle is based in Canada.

## Companies like Li-Cycle

In the same sector, and raised in the last eighteen months.

[**Kanin Energy** $100M · Sept 2026](https://millionrounds.com/company/kanin-energy)[**Summit Nanotech** $3.0M · Sept 2026](https://millionrounds.com/company/summit-nanotech)[**General Fusion** $241M · Jul 2026](https://millionrounds.com/company/general-fusion)[**NORAM Electrolysis Systems Inc** $4.0M · Jun 2026](https://millionrounds.com/company/noram-electrolysis-systems-inc)[**Foremost Clean Energy** $35K · Jun 2026](https://millionrounds.com/company/foremost-clean-energy)[**Full Circle Lithium** $3.5M · Jun 2026](https://millionrounds.com/company/full-circle-lithium)

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