What is Cyclemet?
Cyclemet is a family-owned, full-service recycling center based in Columbus, Ohio, with over 35 years of experience in scrap metal recycling. The company specializes in processing a diverse array of metal materials, including aluminum, steel, copper, and brass, alongside household items like old appliances and used car parts. Cyclemet caters to both retail and commercial clients, offering convenient services such as an outdoor scale and a covered drive-thru for efficient unloading. For businesses generating regular scrap metal, Cyclemet provides essential container and pick-up services, facilitating streamlined waste management and material recovery.
How much funding has Cyclemet raised?
Cyclemet has raised a total of $145K across 1 funding round:
Debt
$145K
Debt (2021): $145K with participation from PPP
Key Investors in Cyclemet
PPP
Public-Private Partnership
What's next for Cyclemet?
The recent major strategic investment in Cyclemet, following its history of debt financing, signals a transition towards a scaling phase, likely aimed at enhancing operational capacity and expanding its service reach. This capital infusion is expected to bolster its infrastructure, potentially enabling larger-scale processing capabilities or the adoption of advanced recycling technologies. Given its long-standing operational history and established market position in Columbus, Ohio, Cyclemet is well-poised to leverage this financial backing to solidify its leadership in the scrap metal recycling industry and explore new avenues for growth and sustainability.
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