Cycles, a Toronto-based company, raised $6.4M in a funding round led by Blockchange Ventures to expand operations and development efforts.
Amount Raised
$6.4 Million
Round Type
Funding Round
TorontoBlockchainCryptocurrencyInvestors
Description
Cycles, a Toronto, Canada-based company building an open, privacy-preserving clearing network for crypto markets and stablecoin payments, raised $6.4M in funding. The round was led by Blockchange Ventures, with participation from Coinbase Ventures, Compound VC, Primitive Ventures, and angels. The company intends to use the funds to expand operations and its development efforts. Spun out of Informal Systems and led by CEO Ethan Buchman, Cycles focuses on preserving privacy while enabling net settlement.
Quick answer
Cycles raised $6.4 Million in a Funding Round round, dated May 21, 2026. Investors: Primitive Ventures, Coinbase Ventures, Compound VC and Blockchange Ventures. Cycles is based in Toronto, Ontario, Canada.
- How much did Cycles raise?
- Cycles raised $6.4 Million in a Funding Round round on May 21, 2026.
- Who invested in Cycles?
- Primitive Ventures, Coinbase Ventures, Compound VC and Blockchange Ventures are named as investors in this round.
- What does Cycles do?
- Cycles is a Toronto-based company building an open, privacy-preserving clearing network for crypto markets and stablecoin payments.
- Where is Cycles based and how big is it?
- Cycles is based in Toronto, Ontario, Canada.
Source: Fundz verified event record.
Who else raised in Blockchain and Cryptocurrency around the same time
Companies in the same sectors as Cycles that raised within 45 days of this round, from Fundz verified event records.
- Sahi raised $33M (Series B) on July 4, 2026.
- Bitcoin Treasury Capital raised $1.2M (Post-IPO Equity) on July 2, 2026.
- EchoYield raised $2.2M (Series A) on July 1, 2026.
- Stewards, Inc. raised $2M on June 30, 2026.
- Circle Internet Group, Inc. raised $25M on June 29, 2026.
- Stabyl raised $2.7M (Seed) on June 28, 2026.
Who to call at Cycles, and when
A new round usually means Cycles is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Cycles raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Cycles, from your own LinkedIn network
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Cycles raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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