SOLARCYCLE, a tech-driven recycling company focused on producing sustainable materials at scale for the solar industry, announced that it has raised $30M in Series A funding, bringing the company's total funding to $37M since its inception a year ago.

The round is led by Fifth Wall, the largest asset manager focused on improving, future-proofing and decarbonizing the built world, and HG Ventures, the corporate venture arm of The Heritage Group. The round also included participation from Prologis Ventures, as well as existing investors Urban Innovation Fund and Closed Loop Partners. The announcement follows the initial $6.6M seed round the company raised in May 2022.