Tech Company Financing Transactions
Cyclic Materials Funding Round
Cyclic Materials closed a $75 million Series C financing round on 1/23/2026. Backers included T. Rowe Price and Canada Growth Fund.
Transaction Overview
Company Name
Announced On
1/23/2026
Transaction Type
Venture Equity
Amount
$75,000,000
Round
Series C
Investors
T. Rowe Price (Lead Investor) (Vineet Khanna)
Proceeds Purpose
The new capital will fuel the ongoing rapid expansion of rare earths recycling infrastructure across the US, enabling a resilient and extremely secure locally sourced supply of critical materials increasingly required by AI data centers, robotics, defense and next-generation industrial systems.
Company Information
Company Status
Private & Independent
Industry
Environmental
Mailing Address
20 Montreal Street, 2nd Floor
Kingston, ON, K7L 3G6
CA
Kingston, ON, K7L 3G6
CA
Phone
Undisclosed
Website
Email Address
Overview
With the global market for magnet rare earth oxides forecast to increase three-fold by 2030, establishing new sources of rare earth elements will be critical to support the electrification of the economy across Canada, North America, and the world.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ahmad Ghahreman
Chief Financial Officer
Jeff Dawley
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We do our best to report on tech company VC transactions. VC investment data records on this site come from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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