Nth Cycle
PrivateLast Round
Seed Round
Apr 24, 2026
Total Funding Raised
$65.07M
Momentum
Top 25%
of companies Caplight tracks
Company Overview
Nth Cycle operates in Energy & Sustainability and is based in Burlington, Massachusetts. Its latest recorded funding round was a Series B round in December 2023.
Nth Cycle is a clean technology company that develops electrochemical recycling technology to reclaim valuable critical minerals from industrial scrap and low-grade ore.
Sector
Energy & Sustainability
Verticals
Circular Economy, Clean Manufacturing, Sustainable Materials, Energy Storage, Waste Management
Business Model
B2B
Customer Profile
Usage-Based SaaS, Revenue Share, Services & Consulting
AI Layer
Non-AI
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Nth Cycle Comparables
Compare Nth Cycle with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Green Li-ion | 80% | |
| Aqua Metals Inc | 79% | |
| Mangrove Lithium | 78% |
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Nth Cycle Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Seed Round | Apr 24, 2026 | ||||
| Grant | Mar 16, 2026 | ||||
| Series B | Dec 4, 2023 | ||||
| Debt | Dec 4, 2023 | ||||
| Grant | Sep 12, 2023 | ||||
Grant | Dec 20, 2022 |
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Key People
Founding team and executive leadership
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Nth Cycle Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Elemental Impact | Seed |
| Caterpillar Venture Capital | Series B |
| Clean Energy Venture Group | Seed, Series A |
| Mercuria | Series A |
| VoLo Earth Ventures | Series A, Series B |
| Equinor Ventures | Series B, Series A |
| National Growth Fund | Grant |
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Market signals
Structured signals derived from secondary market and firmographic data.
- Aug 1, 2026
Grew 15% QoQ from 59 to 68 employees.
- Jul 13, 2026
Signed a 10-year offtake agreement with Trafigura.
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Recent news
Latest coverage and updates
- partners_withSep 23, 2026
Nth Cycle and Glencore announced a binding term sheet in New York on Sep 22nd '26 covering black mass supply for Project SHIELD and offtake of mixed hydroxide product and battery-grade lithium carbonate, with definitive agreements planned by year-end.
- expands_facilitiesSep 22, 2026
On Sep 22nd '26, Nth Cycle plans to build a larger commercial battery-recycling refining facility in the US Southeast after shifting from South Carolina, with operations beginning by 2029 and the location set to be announced later in 2026.
- invests_into_assetsAug 26, 2026
Nth Cycle receives a $100M grant for a black mass recycling center at a site under selection in South Carolina.
- expands_facilitiesAug 24, 2026
On Aug 20th '26, the Department of Energy selects Nth Cycle to enter negotiations for up to $100 million to build a commercial-scale refinery in the United States.
- invests_into_assetsAug 24, 2026
Nth Cycle is set to receive $100M for a facility in the United States that processes black mass from end-of-life lithium-ion batteries and manufacturing scrap into high-purity metals and battery-grade materials.
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Nth Cycle Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
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Frequently Asked Questions
Common questions about Nth Cycle's valuation, stock price, and market status.
Is Nth Cycle a public or private company?
Nth Cycle is a private company.
What is the current stock price of Nth Cycle?
Nth Cycle is a private company, so its shares have no public market price. Caplight tracks Nth Cycle's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Nth Cycle worth (valuation)?
Valuation information for Nth Cycle is not publicly available.
Can I buy Nth Cycle stock?
Nth Cycle shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Nth Cycle's last funding round?
Nth Cycle's most recent funding round was Seed Round on April 24, 2026.
Who are the main investors in Nth Cycle?
Key investors in Nth Cycle include Caterpillar Venture Capital, Clean Energy Venture Group, VoLo Earth Ventures, Equinor Ventures, National Growth Fund.
Will Nth Cycle IPO soon?
No public IPO plans have been announced for Nth Cycle.
How can I track Nth Cycle secondary market activity?
Caplight tracks bids, offers, and trades in Nth Cycle's shares on secondary markets.