Fundz

Li-Cycle Holdings Corp. raised $75 million in a strategic investment from Glencore to improve liquidity and support future plans.

PRIVATEMar 12, 2024

Amount Raised

$75 Million

Round Type

Corporate Round

TorontoEnergyRenewable Energy

Investors

Glencore Plc

Description

Li-Cycle Holdings Corp. announced a $75 million strategic investment from Glencore, as part of a long-term, strategic partnership to support the company's future plans and improve its liquidity position.

Quick answer

Li Cycle raised $75 Million in a Corporate Round round, dated March 12, 2024. Investors: Glencore Plc. Li Cycle is based in Toronto, Ontario, Canada.

How much did Li Cycle raise?
Li Cycle raised $75 Million in a Corporate Round round on March 12, 2024.
Who invested in Li Cycle?
Glencore Plc is named as investors in this round.
What does Li Cycle do?
Li-Cycle (NYSE: LICY) is a leading global lithium-ion battery resource recovery company.
Where is Li Cycle based and how big is it?
Li Cycle is based in Toronto, Ontario, Canada.
Who are the decision-makers at Li Cycle?
Fundz holds 1 contact at Li Cycle. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Renewable Energy around the same time

Companies in the same sectors as Li Cycle that raised within 45 days of this round, from Fundz verified event records.

  • Green Energy Park raised $30M (Series A) on April 26, 2024.
  • Terra One raised $7.5M (Seed) on April 25, 2024.
  • On.Energy raised $25M on April 25, 2024.
  • Belltown Power raised an undisclosed amount (Funding Round) on April 24, 2024.
  • Redaptive raised $225M (Funding Round) on April 23, 2024.
  • Zefiro Methane Corp raised $560K (Seed) on April 23, 2024.

Who to call at Li Cycle, and when

A new round usually means Li Cycle is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Li Cycle raises, hires an executive or expands, scored against what you sell
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  • Who you already know at Li Cycle, from your own LinkedIn network

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Company Information

Company

Li Cycle

Location

Toronto, Ontario, Canada

About

Li-Cycle (NYSE: LICY) is a leading global lithium-ion battery resource recovery company. Established in 2016, and with major customers and partners around the world, Li-Cycle’s mission is to recover critical battery-grade materials to create a domestic closed-loop battery supply chain for a clean energy future. The Company leverages its innovative, sustainable and patent-protected Spoke & Hub Technologies™ to recycle all different types of lithium-ion batteries. At our Spokes, or pre-processing facilities, we recycle battery manufacturing scrap and end-of-life batteries to produce black mass, a powder-like substance which contains a number of valuable metals, including lithium, nickel and cobalt. At our future Hubs, or post-processing facilities, we plan to process black mass to produce critical battery-grade materials, including lithium carbonate, for the lithium-ion battery supply chain.

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Li Cycle 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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