When was Cyclic Materials founded?

Cyclic Materials was founded in 2021 and raised its 1st funding round 2 years after it was founded.

Where is Cyclic Materials located?

Cyclic Materials is headquartered in Toronto, Canada.

Who is the current CEO of Cyclic Materials?

Ahmad Ghahreman of Cyclic Materials. They have also founded 1 company.

How many employees does Cyclic Materials have?

As of Sep 30, 2026, the latest employee count at Cyclic Materials is 112.

Is Cyclic Materials a funded company?

Cyclic Materials is a funded company, having raised a total of $237M across 7 funding rounds to date. The company's 1st funding round was a $***** Conventional Debt round, raised on Feb 24, 2023.

When was the latest funding round of Cyclic Materials?

Cyclic Materials' latest funding was a $***** Series C round on Aug 27, 2026, with participation from 1 investor.

Where does Cyclic Materials rank among its competitors?

Cyclic Materials ranks 1st amongst 10 active competitors, of which 3 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Cyclic Materials, which secured $75M in Aug, 2026.

Who are the top competitors of Cyclic Materials?

Cyclic Materials' top competitors include Geomega Ressources, REEcycle and Emulsion Flow Technologies. Among them, Cyclic Materials secured the most recent funding round in August, 2026.

Cyclic Materials - 2026 Company Profile, Team, Funding & Competitors

Company Details

Recycling of rare earth elements. It provides solutions for recycling of magnet-containing products made from critical minerals, enabling the creation of a domestic supply chain for REEs through an economic and sustainable magnet recycling process.

Key Metrics

Founded Year

2021

Location

Toronto, Canada

Stage

Series C

Total Funding

$237M in 7 rounds

Latest Funding Round

Series C, Aug 27, 2026, $*****

Investors

Microsoft & 15 more

Ranked

1^st among 10 active competitors

Employee Count

112 as on Sep 30, 2026

Similar Companies

Geomega Ressources & 8 more

View Cyclic Materials' full profile

Cyclic Materials has raised a total funding of $237M over 7 rounds. Its first funding round was on Feb 24, 2023. Its latest funding round was a Series C round on Aug 27, 2026 for $*****. 1 investor participated in its latest round. Cyclic Materials has 16 institutional investors.

Here is the list of recent funding rounds of Cyclic Materials:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 27, 2026	2622089	Series C	5727792	9814107	2038901	4743499
Jan 23, 2025	5231573	Series B	3689535	3253383	5371844	InMotion Ventures
Sep 25, 2024	3355274	Series B	2244555	7327175	ArcTern Ventures	BDC & 8 more

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View details of Cyclic Materials's funding rounds and investors

The founders of Cyclic Materials are Patrick William Nee and Ahmad Ghahreman. Ahmad Ghahreman is the CEO of Cyclic Materials.

Here are the details of Cyclic Materials' key team members:

Patrick William Nee: Co-Founder of Cyclic Materials.
Contact Info: 1 email address
Ahmad Ghahreman: Co-Founder & CEO of Cyclic Materials.
Contact Info: 1 email address

View details of Cyclic Materials's Founder profiles and Board Members

Cyclic Materials' employee count trend

Cyclic Materials has 112 employees as of Sep 26. Here is Cyclic Materials's employee count trend over the years:

Employee count trend for Cyclic Materials

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Top competitors of Cyclic Materials include Geomega Ressources, REEcycle and Emulsion Flow Technologies. Here is the list of Top 10 competitors of Cyclic Materials, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Cyclic Materials 2021, Toronto (Canada), Series C	Recycling of rare earth elements	$237M	T. Rowe Price, Fifth Wall & 14 others	64/100
2nd	Geomega Ressources 2009, Boucherville (Canada), Public	Provides sustainable rare earth's recycling solutions	-	Iavaleursmobilieres, Marquest & 5 others	47/100
3rd	REEcycle 2012, Houston (United States), Funding Raised	Recycling rare earth elements from electronic waste for a sustainable future	-	Military Health, National Science Foundation	46/100
4th	Emulsion Flow Technologies 2021, Naka (Japan), Series A	Rare metal recycling solutions	$3.15M	Honda Innovations, Real Tech Fund Investment ... & 7 others	36/100
5th	REEgen 2022, Ithaca (United States), Funding Raised	Provider of biological solutions for rare earth element recovery and purification	-	National Science Foundation	32/100
6th	Rivalia Chemical 2022, New York City (United States), Seed	Developer of processes for recovering rare earth elements from industrial waste materials	$20K	Techstars, Village Capital & 1 others	30/100
7th	9-Tech 2020, Venice (Italy), Unfunded	Recovery of rare earths and high-value metals from electronic waste	-	-	29/100
8th	Microminer.bio United States, Funding Raised	Developer of biological cartridges for recovering metals from industrial waste	-	BioInnovation Institute	17/100
9th	Cyclobiome 2025, Anaheim (United States), Unfunded	Developer of microbial processes for extracting minerals from industrial waste	-	-	16/100
10th	SharpPulse 2022, New York City (United States), Unfunded	Technology solution for recycling of critical minerals and rare earth elements	-	-	16/100