Nth Cycle

About

Nth Cycle is a metal processing technology company working with battery recyclers and miners to recover production-grade critical minerals.

Beverly,Massachusetts,United States
1 - 10
https://nthcycle.com

Highlights

Details

Last Funding Type: Grant
Last Funding Money Raised: $2.15M
Industries: Battery,Electric Vehicle,Electronics,Manufacturing,Mining,Recycling
Founded date: Jan 1, 2017
Number Of Employee: 1 - 10
Operating Status: Active
Legal Name: Nth Cycle, LLC
Also Known As: Nth Cycle Technologies

Nth Cycle is a metal processing technology company working with battery recyclers and miners to recover production-grade critical minerals from separated e-waste and low-grade mine tailings. Our electro-extraction technology—an alternative to hydrometallurgy and pyrometallurgy—enables customizable, clean, and consistent recovery of the critical minerals for the energy transition.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

9

$20.13M

Nth Cycle has raised a total of $20.13M in funding over 2 rounds. Their latest funding was raised on Dec 20, 2022 from a Grant round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Dec 20, 2022	Grant	$2.15M	1	US Department of Energy	—	Detail
Feb 14, 2022	Series A	$12.50M	6	Frankstahl VoLo Earth Ventures	—	Detail
Jan 26, 2022	Grant	$0.97M	1	National Science Foundation	—	Detail
Nov 1, 2021	Series Unknown	—	1	Elemental Excelerator	—	Detail
Aug 24, 2021	Grant	$250K	1	Massachusetts Clean Energy Center	—	Detail

Investments

Number of Investments

Number of Lead Investments

4

0

Nth Cycle has made 4 investments. Their most recent investment was on Dec 12, 2022, when Evertas raised $14M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Dec 12, 2022 Evertas	Series A	$14M	Blockchain	—
Oct 20, 2022 Airstack	Pre-seed	$3.80M	Blockchain	—
Jul 13, 2021 Connext	Series A	$12M	Cryptocurrency	—
Mar 1, 2018 Synthetix	Initial Coin Offering	$30M	Banking	—

Investors

Number of Lead Investors

Number of Investors

9

13

Nth Cycle is funded by 13 investors. US Department of Energy and Frankstahl are the most recent investors.

Investor Name	Lead Investor	Funding Round
US Department of Energy	Yes	Grant
Frankstahl	Yes	Series A
VoLo Earth Ventures	Yes	Series A
National Science Foundation	Yes	Grant
Elemental Excelerator	Yes	Series Unknown
Massachusetts Clean Energy Center	Yes	Grant
LaunchTN	Yes	Grant
Clean Energy Ventures	—	Series A
MassMutual	—	Series A
MassMutual Impact Investing	—	Series A