Nth Cycle Secures $12.5 Million In Series A Financing To Scale Clean Critical Mineral Recycling & Mining Technology
Nth Cycle Secures $12.5 Million In Series A Financing To Scale Clean Critical Mineral Recycling & Mining Technology
02/15/22, 9:00 AM
Location
bostonMoney raised
$12.5 million
Round Type
series a
Nth Cycle, the innovative metal processing and recycling technology company, has announced the closing of its $12.5 million Series A financing, co-led by the investment arm of Frankstahl, one of the largest privately held steel distribution companies in Europe, and VoLo Earth, a Colorado-based venture firm focused on climate solutions. Nth Cycle is disrupting the critical mineral supply chain necessary for electric vehicles, solar power, and energy storage through a groundbreaking recycling, mining and refining technology. Other investors in the financing include global commodities powerhouse, Mercuria, MassMutual through the MM Catalyst Fund, and previous investor Clean Energy Ventures.
Company Info
Location
boston, massachusetts, united states
Additional Info
Nth Cycle is a metal processing technology company that works with recyclers and miners. Our customizable and clean electro-extraction technology installs onsite to recover critical minerals from separated e-waste and low-grade mine tailings. We are the heart of metals processing - the crucial step that profitably separates critical minerals from other elements, transforming them into production-grade feedstocks for the energy transition. At Nth Cycle, we believe all the critical minerals needed for the energy transition are already in circulation today. We just didn't have a clean, profitable way of retrieving them, until now.
For more information, visit: https://nthcycle.com
SOURCE Nth Cycle