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Nth Cycle
Energy · Beverly, United States · Founded 2017
A metal processing technology company MoreLess
Nth Cycle is a metal processing and recycling technology company focused on providing a sustainable and cost-effective solution for recovering critical minerals from various sources, including electronic waste, low-grade ore, and mine tailings. The company developed an electro-extraction process, named 'The OYSTER', which is a significant departure from traditional, energy-intensive pyrometallurgy (smelting) and hydrometallurgy methods. This technology selectively recovers critical metals like cobalt, nickel, and manganese, which are essential components for manufacturing new batteries, particularly for electric vehicles (EVs) and other clean energy applications.
The company was founded in 2017 by Megan O'Connor, who serves as the CEO, alongside co-founders Chad Vecitis and Desh Gunasekera. O'Connor's background as a PhD in Environmental Engineering from Duke University and her research as a Postdoctoral Fellow at Harvard University on electrochemical technologies for water treatment directly informed the development of Nth Cycle's core technology. The genesis of the company came from adapting this water treatment technology to selectively filter and recover valuable metals from waste streams.
Nth Cycle's business model involves deploying its OYSTER systems directly at the source of waste generation, such as recycling facilities or mining operations. This on-site processing capability reduces the logistical and environmental costs associated with transporting hazardous materials to centralized smelters. By producing high-purity metal products, known as Mixed Hydroxide Precipitate (MHP), Nth Cycle provides a domestic and environmentally friendly supply of critical materials for battery and EV manufacturers. The company has secured significant funding through various investment rounds, including a $44 million Series B in 2023, to scale its operations and deploy its technology more broadly across North America.
Keywords: metal refining, battery recycling, critical minerals, electronic waste, electro-extraction, cleantech, circular economy, sustainable mining, cobalt recovery, nickel recovery
Company overview
Nth Cycle company information
The essential company record, classifications and operating signals in one place.
- Status
- Operational
- Founded
- 2017
- Headquarters
- Beverly, United States
- Employees
- 64
- Open positions
- 5
- Dealroom signal
- 73.0
Valuation & funding
Nth Cycle funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| DEBTDebt | Dec 2023 | $7M | — | VoLo Earth Ventures | ↗ |
| SERIES BOther financing | Dec 2023 | $37M | $148M | VoLo Earth Ventures · Equinor Ventures · Caterpillar Ventures | ↗ |
| EARLY VCOther financing | Apr 2023 | $20M | $80M | Undisclosed | ↗ |
| SUPPORT PROGRAMOther financing | Apr 2023 | $0 | — | BloombergNEF | ↗ |
| GRANTOther financing | Dec 2022 | $2.1M | — | US Department of Energy | ↗ |
| SERIES AOther financing | Feb 2022 | Clean Energy Ventures · Mercuria Investment · MassMutual Ventures · VoLo Earth Ventures | ↗ | ||
| SEEDOther financing | Apr 2021 | Clean Energy Ventures | — | ||
| GRANTOther financing | Jun 2019 | LaunchTN | — | ||
| SPINOUTOther financing | Jan 2017 | Duke University · Harvard University | — |
Growth signals
Nth Cycle website traffic
Latest recorded traffic for Nth Cycle is 7.3K monthly website visits, down 27% over the last three months. Nth Cycle's team grew 4.9% over the past year.
Hiring
Open positions at Nth Cycle
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Comparisons
Nth Cycle compared with similar companies
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Talent graph
Nth Cycle's talent
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Investors
11 investors on Nth Cycle's cap table
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Global footprint
Where Nth Cycle has talent and traffic
team presence
In the news
Latest news about Nth Cycle
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Market sentiment
What the market is saying about Nth Cycle
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