Series B Round

Cyclic Materials is a cleantech company focused on creating a circular supply chain for rare earth elements (REEs) and other critical materials through environmentally responsible recycling. The company aims to support the energy transition by recycling rare earth elements from various sources, including wind turbine generators and MRI machines. This funding will enable Cyclic Materials to fast-track its international expansion and establish its first commercial facilities in the United States and Europe. The Series B funding round has been oversubscribed, reflecting strong investor confidence in the company's mission and potential impact on sustainable supply chains. With this latest funding, the company's total equity raised exceeds USD $83 million. The investment from Amazon and other backers underscores the growing importance of sustainable practices in the tech industry.