Microsoft Leads Corporate Investors in Cyclic Materials' $71 Million CAD Series B Financing
Cyclic Materials' Major Funding Round
Toronto-based Cyclic Materials has successfully completed a $71 million CAD Series B financing, significantly supported by Microsoft and other key players including BD Capital, Hitachi Ventures, Zero Infinity Partners, Climate Investment, and Energy Impact Partners.
Expansion Plans
This funding will enable Cyclic Materials to enhance its rare earth recycling infrastructure, paving the way for expansion into the US and European markets.
Investor Insights
- Fifth Wall brings expertise in cleantech investments.
- BMW i Ventures focuses on sustainable technology investments.
- Planetary Technologies is notable for its climate-focused initiatives.
Cyclic Materials is positioned to revolutionize the recycling industry by leveraging its strong financial backing.
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