Nordic Salt Cycle raises EUR 3.5 million in pre-seed funding

Danish Nordic Salt Cycle has raised EUR 3.5 million in a pre-seed round with investments from Danmarks Eksport- og Investeringsfond (EIFO), existing investor The Footprint Firm, and German fund Ananda Impact Ventures.  

Founded in 2024, Nordic Salt Cycle develops patented molten salt technology to recover critical minerals from end-of-life batteries, wind turbines and electronics. The process provides a scalable, lower-cost route to high-purity materials, supporting a more circular and sustainable mineral economy. The new funding will help the company commercialise its molten salt technology.

Mazanti Transactions has advised Ananda Impact Ventures on all aspects of the investment round.