Canada · Chemicals startup

Cyclic Materials

Cyclic Materials is a cleantech company based in Kingston, Ontario, Canada, with a significant presence in Toronto.

Funding reportedLast round: Undisclosed round

ChemicalsToronto, Canada

About Cyclic Materials

Cyclic Materials is a cleantech company based in Kingston, Ontario, Canada, with a significant presence in Toronto.

Founded in 2021, the company focuses on creating a circular supply chain for rare earth elements (REEs) and critical minerals essential for the clean energy transition. By recovering valuable materials from end-of-life magnet-containing products, Cyclic Materials addresses environmental and geopolitical challenges associated with rare earth mining. The company offers specialized recycling services, including magnet recycling, a supplier portal for managing the recycling process, and the development of closed-loop systems that integrate recovered materials back into manufacturing. Cyclic Materials operates advanced recycling facilities, including a commercial plant in Mesa, Arizona, and a Centre of Excellence in Kingston, which fosters innovation in rare earth recycling. Its proprietary technologies, MagCycle® and REEPureSM, enable efficient recovery and purification of rare earth materials, supporting industries such as electric vehicles, wind energy, and advanced electronics.

What company datasets say Cyclic Materials raised

Funding, as reported

Reported in all75Min the source's currency
Rounds3
Last roundUndisclosed round
Last round size75M
Last round dateJul 2024
Investors listed7

Founders and team

From Cyclic Materials's own website: 1 founder, 10 on the team.

Ahmad GhahremanCEO & Founder
  • 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

On 6 portfolio pages

Investors who name them

Each firm lists Cyclic Materials on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

The company, in detail

What they build

Known for

hardwarehealth careclean energy & technologyclosed-loop systemeconomic benefits of recyclingbattery materials recyclingdysprosiumstrategic partnershipsdistributionmanufacturingend-of-life product recoveryindustrial recyclinge-waste recyclingenvironmental stewardshipcritical materials supplyreepure sm process

Built with from their website

AdobeGoogle Tag ManagerAmazon CloudFrontGraphySalesforce CRM AnalyticsCanalMicrosoft PowerPointi-motorClarity SDMFlow

+8 more

MailChimpMicrosoft ProjectCloudFlareViewport MetaLinkedIn AdsGoogle DriveCookieYesMicrosoft Dynamics 365 Business Central

Sector
Chemicals
Industry code
NAICS 33141, 562920, SIC 3699, 5093
Region
Ontario
Revenue
2M a year, as listed
Full record
Every detail in the company directory

Chemicals in Canada

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