# Cyclic Materials: Chemicals, Toronto, Canada > Cyclic Materials: Cyclic Materials is a cleantech company based in Kingston, Ontario, Canada, with a significant presence in Toronto. Based in Toronto, Canada. Source: https://millionrounds.com/startup/cyclic-materials (Millionrounds; every figure on the page links to its filing or article) Canada · [Chemicals startup](https://millionrounds.com/companies) # Cyclic Materials Cyclic Materials is a cleantech company based in Kingston, Ontario, Canada, with a significant presence in Toronto. Funding reported Last round: Undisclosed round Chemicals Toronto, Canada Company summary - **Founded:** 2021 5 years old - **Team:** 110 51 to 200 people - **Funding reported:** 75M as listed, currency not stated - **Last round:** Undisclosed round Jul 2024 How sure we are - ✓ **Listed** We know it exists and what it does - 2 **Funding reported** A company dataset reports a raise - 3 **Observed** A filing or a dated announcement confirms a round No round for Cyclic Materials has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology) ## 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 all **75M** in the source's currency Rounds **3** Last round **Undisclosed round** Last round size **75M** Last round date **Jul 2024** Investors listed **7** ## Founders and team From Cyclic Materials's own website: 1 founder, 10 on the team. **Ahmad Ghahreman** CEO & Founder - **Alex Forstner** CTO - **Jeff Dawley** CFO - **Matt Cherevaty** COO - **Deta Constantine** Head of HR, People & Culture - **Klaus Kleinfeld** Director - **Marc Faucher** Director - **Peter Kondos** Director - **Rik Wehbring** Director - **Sam Bursten** Director - **Scott Walbrun** Director Advisers *Adam Shine* *Christophe Lautray* *Mike Outwin* ## On 6 portfolio pages Investors who name them - [SAGANA](https://millionrounds.com/fund/sagana) - [Energy Impact Partners](https://millionrounds.com/fund/energy-impact-partners) - [BMW i Ventures](https://millionrounds.com/fund/bmw-i-ventures) - [Hitachi Ventures](https://millionrounds.com/fund/hitachi-ventures) - [Zero Infinity Partners](https://millionrounds.com/fund/zero-infinity-partners) - [Planetary Technologies](https://millionrounds.com/fund/planetary-technologies) 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 hardware health care clean energy & technology closed-loop system economic benefits of recycling battery materials recycling dysprosium strategic partnerships distribution manufacturing end-of-life product recovery industrial recycling e-waste recycling environmental stewardship critical materials supply reepure sm process Built with from their website Adobe Google Tag Manager Amazon CloudFront Graphy Salesforce CRM Analytics Canal Microsoft PowerPoint i-motor Clarity SDM Flow +8 more MailChimp Microsoft Project CloudFlare Viewport Meta LinkedIn Ads Google Drive CookieYes Microsoft 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](https://millionrounds.com/directory/cyclic-materials) ## Chemicals in Canada Startups like it - [**Imtex Membranes** Mississauga · founded 2007 *Raised*](https://millionrounds.com/company/imtex-membranes) - [**Vive Crop Protection** Mississauga · founded 2006](https://millionrounds.com/startup/vive-crop-protection) - [**Vaperma** Levis · founded 2007](https://millionrounds.com/startup/vaperma) - [**NxLite** Toronto · founded 2015](https://millionrounds.com/startup/nxlite) - [**Ionomr Innovations Inc.** Vancouver · founded 2018](https://millionrounds.com/startup/ionomr-innovations-inc) - [**Denovia** London](https://millionrounds.com/startup/denovia) - [**Pure Life Carbon Inc.** founded 2017](https://millionrounds.com/startup/pure-life-carbon-inc) - [**Quantiam Technologies Inc.** Edmonton · founded 1998](https://millionrounds.com/startup/quantiam-technologies-inc) ## Is this your company? 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