Cyclic Materials

Cyclic Materials

Private
Toronto, OntarioEnergy & Sustainabilityhttps://www.cyclicmaterials.earth

Last Round

Series C

Jan 23, 2026

Total Funding Raised

$163.6M

Company Overview

Cyclic Materials is a recycling and sustainability company that offers innovative services to recover critical earth elements from landfill-bound products and reintegrate them into the manufacturing process for high-performance magnets, supporting industries such as wind turbines, electric vehicles, and electronics while reducing emissions and minimizing mining.

Sector

Energy & Sustainability

Verticals

Circular Economy, Sustainable Materials, Waste Management, Advanced Materials, Clean Manufacturing

Business Model

B2B

Customer Profile

Services & Consulting, Government Contracts

AI Layer

Non-AI

Keywords

rare earth recyclingREE recyclingmagnet recyclingcritical materials recyclingurban mininghydrometallurgycircular supply chainrecycled mixed rare earth oxiderMREOdomestic supply chainelectric motor recyclinge-waste recyclingofftake agreementsfeedstock processingcleantech

Historical Pricing

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Cyclic Materials Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Cyclic Materials Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Series CJan 23, 2026
Series B ExtensionJan 23, 2025
Series BSep 25, 2024
GrantSep 4, 2024
Series AApr 25, 2023
Seed
Oct 1, 2021

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

Market signals

Structured signals derived from secondary market and firmographic data.

  • Mar 10, 2026

    Maintains ISO 9001, ISO 14001, and R2v3 certifications.

  • Mar 10, 2026

    Partnerships announced with Solvay, Vattenfall, Lime, and VACUUMSCHMELZE.

Cyclic Materials Filings

SEC and related filings with document metadata.

TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Cyclic Materials Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Cyclic Materials's valuation, stock price, and market status.

Firmographic Details

HeadquartersToronto, Ontario
Employee Range78
Year Founded2021
Last FundingJan 23, 2026

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