We are thrilled to congratulate Cyclic Materials on securing USD $53M in Series B funding! This milestone will accelerate the global expansion of their rare earth recycling infrastructure across the US and Europe, positioning them as a leader in creating a circular supply chain for rare earth elements. At SAGANA, we are proud to support Cyclic Materials in their mission to transform end-of-life products into valuable resources, helping to drive the global electrification and decarbonization efforts forward. Here's to the continued growth and success of Cyclic Materials as they reshape the rare earth recycling industry! #SAGANA #CyclicMaterials #RareEarthRecycling #SustainableFuture #CleanEnergy #CircularEconomy #ImpactInvesting #Decarbonization Raya Papp | Wolfgang Hafenmayer | Tamas Vincze | Ahmad Ghahreman
Cyclic Materials is thrilled to announce the closing of an oversubscribed USD $53 million Series B equity round, led by ArcTern Ventures and supported by new investors BDC Capital (Canada)'s Climate Tech Fund, Hitachi Ventures, Zero Infinity Partners, Climate Investment (CI), and Microsoft’s Climate Innovation Fund. Existing investors Fifth Wall, BMW i Ventures, Energy Impact Partners, and Planetary Technologies also participated in the round. The funding rounds the company’s total equity raised to over USD $83.5M and will enable #CyclicMaterials to fast-track its international growth, building #rareearthrecycling infrastructure in the US and Europe, and growing its team to support its world-class operations. “We're energized to partner with the world’s top sustainability-focused infrastructure and corporate investors to scale our technology’s impact,” said Ahmad Ghahreman, CEO and Co-Founder of Cyclic Materials. “This funding underscores the confidence in our ability to create the circular economy for rare earths needed for the clean energy transition. Not only is our technology essential for supporting sustainable domestic production of rare earths, but it will also play a critical role in re-establishing North American and European leadership in the rare earths industry.” Read the full announcement: https://lnkd.in/e9A9nqhx #RareEarths #REE #CriticalMinerals