Nth Cycle Closes $44M in Series B

Nth Cycle, a Boston, MA-based critical metals refining company, raised $37M in Series B and an additional $7M in non-dilutive financing.

The round was led by VoLo Earth Ventures, MassMutual through the MM Catalyst Fund I, Caterpillar Venture Capital Inc., and Equinor Ventures.

The company intends to use the funds to scale clean critical metal refining technology.

Led by Megan O’Connor, Ph.D., CEO, Nth Cycle is a metal refining company focused on reduction opportunities across the metal supply chain. Its patented electro-extraction technology provides a sustainable solution for OEMs, miners, and scrap recyclers to reduce waste, emissions, supply chain constraints, and the time needed to electrify the world. Its refining technology transforms metal feedstock including scrap, waste streams, primary ore concentrate, and end-of-life electronics components into high-purity critical metals within a modular unit, aptly named The Oyster.