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Advanced Metals Recycling Firm Cyclic Materials Picks Up C$27M Series A

Apr 25, 2023over 2 years ago

Amount Raised

$27 Million

Round Type

series a

Kingston

Investors

Bmw I VenturesEnergy Impact Partners

Description

Energy Impact Partners and BMW i Ventures led the round.

Company Information

Company

Cyclic Materials

Location

Kingston, Rhode Island, United States

About

Cyclic Materials helps businesses recycle, provides the market with a secure and local supply of critical metals, and does so in an ethical, economic, and sustainable way.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech