ArcTern Ventures led a $53m Series B round in Cyclic Materials.

ArcTern Ventures, a venture capital firm, led a $53m Series B round in Cyclic Materials, a recycling company creating a circular supply chain for rare earth elements, with participation from BDC Capital, Hitachi Ventures, Zero Infinity Partners, Climate Investment, Microsoft Climate Innovation Fund, Fifth Wall, BMW i Ventures, Energy Impact Partners, and Planetary Technologies. “We're energized to partner with the world’s top sustainability-focused infrastructure and corporate investors to scale our technology’s impact. This funding underscores the confidence in our ability to create the circular economy for rare earths needed for the clean energy transition. Not only is our technology essential for supporting sustainable domestic production of rare earths, but it will also play a critical role in re-establishing North American and European leadership in the rare earths industry," Ahmad Ghahreman, Cyclic Materials CEO and Co-Founder.