Circular Innovation Fund
Venture capitalMontreal · Growth · 10 people tracked
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Investment thesis
The Circular Innovation Fund is a global venture capital fund dedicated to backing companies advancing circular innovation and the circular economy. It is jointly managed by European-based Demeter and North American-based Cycle, giving it reach across both continents. The fund also runs an acceleration program, operated by Cycle Momentum, to support circular economy startups worldwide.
Source: firm website, verified Aug 3, 2026.
Team · 10 people
from the firm's website & curated & public directoriesWhat they invest in
from 18 of 20 portfolio companiesCleantech ×14New Materials ×12Circular Economy ×11Biotech ×6Climate Tech ×4Advanced Manufacturing ×3AgTech ×2Impact & Social Good ×2
HQs:Canada×4United States×4Belgium×1Switzerland×1Germany×1European Union×1
Investments · 20 tracked
founders shown can be your intro pathBy year:2023 · 12019 · 12 dated
Aplantex operates a modular green biotechnology platform that uses proprietary photosynthetic "phytoreplicators" to locally produce plant biomass and extract active plant compounds such as polyphenols with antioxidant, anti-inflammatory, antimicrobial and anti-aging properties.
AgTechBiotechNew Materials
Co-investorsCycle Capital
Bluefootmembranes designs and manufactures packaged water treatment systems that enable rapid installation and operation with minimal site construction.
Advanced ManufacturingCleantechHardwareNew Materials
Co-investorsCycle CapitalInnovation Fund sa/nv
Closed Loop Partners is an investment and operations firm focused on building the circular economy through investments in companies and innovations that advance waste reduction and resource efficiency.
Circular EconomyCleantechImpact & Social Good
Co-investorsAtento CapitalClean Energy VenturesAutodesk FoundationM12 (Microsoft's Venture Fund)
dimpora develops PFAS-free, solvent-free textile membranes that make fabrics waterproof and breathable while being designed for recyclability and circularity.
Circular EconomyCleantechNew Materials
Co-investorsGOLDWIN VENTURE PARTNERSSafer MadeClosed Loop PartnersCycle Capital
ECBF is a venture capital firm specializing in Europe's bioeconomy and circular economy, investing in companies across industries including food, agriculture, and materials that combine strong economic returns with systemic environmental impact.
AgTechBiotechCircular EconomyClimate TechImpact & Social GoodNew Materials
Co-investorsGC Ventures
Evoco is a private equity firm headquartered in Europe that invests in resilient lower-mid-market companies in Western Europe, often via portfolio transactions.
Co-investorsBLN CapitalForage Capital Partners
Evoco develops plant-based technology platforms to produce high-performance bio-materials including bio-foams, bio-leathers, and bio-TPU, serving consumer and industrial product manufacturers aiming to reduce fossil fuel dependence.
Circular EconomyCleantechClimate TechNew MaterialsToronto, CA
Jason RobinsoninNatalie AshdowninAlexandros Vasileiou
Co-investorsCycle Capital
Lefebvre Industri-AL provides services to the aluminum industry, specializing in the management of alloying elements and the recycling of residues from aluminum production.
Circular EconomyCleantechNew Materials
Joanne Lefebvre(CEO (PDG))
Co-investorsCycle Capital
Lizee provides a Circular Management System (CMS) that lets sports and technical equipment brands run omnichannel rental and second-hand/re-commerce programs, covering stock management, refurbishment, quality control, and logistics.
Circular EconomyLogistics & Supply ChainRetail Tech
Co-investorsAlante CapitalVolta CircleCycle Capital
MacroCycle uses a proprietary chemical process called SolvoGenesis, based on solvent systems and macrocyclic chemistry, to convert textile waste into pure polyester resin at low cost.
Circular EconomyCleantechNew MaterialsCambridge, US
Stwart Peña Feliz(Executive Officer, Director)inJan-Georg Rosenboom(Executive Officer, Director)in
BoardCatia Cesari(Director)Temple Fennell(Director)in
Co-investorsCollaborative FundNeotribe VenturesVolta CircleClean Energy VentureClean Energy VenturesCycle Capital+2 more
Nanomox develops advanced materials and thin films, such as metal oxide particles ranging from nano to macro scale, using fine control of particle properties for a range of applications.
CleantechDeep TechNew MaterialsLondon, GB
Francisco Malaret(Founder)in
Co-investorsTSP VenturesCycle Capital
Novobiom develops fungi-based biotechnology solutions for soil remediation, waste management, and sustainable production.
AI & Machine LearningBiotechCircular EconomyCleantechClimate TechWillebroek, BE
Jean-Michel ScheureninAurélie Espérandieuin
Co-investorsCycle Capital
P2 Science develops green chemistry platform technologies (including its PIOz ozonolysis and PICE polymerization processes) that convert renewable, plant-based oils into functional intermediates, specialty ingredients, and polymers.
BiotechCircular EconomyCleantechNew MaterialsWoodbridge, US
Paul Anastas(Co-founder)Patrick Foley(Co-founder & President)inNeil A. Burns(Executive Officer, Director)Oihana Elizalde(Chief Executive Officer)inBrian Chan(Chief Financial Officer)inKevin Gallagher(Director)
Co-investorsXeraya CapitalConnecticut InnovationsElm Street VenturesEmerald Technology Ventures AgHG VenturesSafer Made+2 more
pH7 Technologies develops a proprietary electrochemical closed-loop process for extracting critical metals and minerals — including platinum group metals, gold, copper, and tin — from primary and secondary resources with lower energy, water, and environmental impact.
Circular EconomyCleantechClimate TechNew MaterialsVancouver, CA
Mohammad Doostmohammadi(Founder & CEO)in
Co-investorsTDK VenturesBreakwater VenturesCollaborative FundEnergy & Environment InvestmentFine Structures VenturesFraser McCombs Capital+6 more
Phycus Bio produces Purolic Acid™, a biobased glycolic acid made through fermentation using renewable, FSC-certified wood feedstock for cosmetic, personal care, adhesive, coating, and polymer applications.
BiotechCleantechNew Materials
Co-investorsToronto Innovation Acceleration PartnersUniversity of Toronto Entrepreneurship HatcheryCycle CapitalNatural Products Canada
Sparxell designs, engineers, and manufactures plant-based colorants using cellulose, including biomimetic pigments, biodegradable glitter, powders, pearls, foils, and specialty shapes such as sequins.
BiotechCircular EconomyCleantechNew Materials
Benjamin Droguet(Founder)inSilvia Vignolini(Founder)
Co-investorsEarth Venture CapitalGranatus VenturesJoyance PartnersTriple VenturesBlue Ocean Capital GroupCycle Capital+2 more
Advanced ManufacturingCleantechGolden, US
Andrew Maxey(Executive Officer, Director)inAaron Parker(Executive Officer)inDaniel Flagg(Executive Officer)inSean Kline(Executive Officer)inShari Kennett(Director)J. Scott Pusey(Executive Officer)
Co-investorsAutodesk FoundationBelle Impact FundBeyond CapitalDiamond Edge VenturesE8 AngelsHG Ventures+8 more
Watttron develops digital heating technologies for industrial packaging and semiconductor manufacturing processes.
Advanced ManufacturingCleantechSemiconductorsDresden, DE
Ronald Claus von Nordheimin
Co-investorsEuropean Circular Bioeconomy FundSIB Innovations- und BeteiligungsgesellschaftSKionCFH Management GmbHCycle Capital
SPRiNG is a consumer brand selling perfumed, plant-conscious home cleaning products such as laundry detergent, dishwasher tablets, and bathroom sprays, plus a body-care range, sold direct to households via subscription-style kits.
ConsumerDirect to ConsumerE-commerce
Co-investorsCycle Capital
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Novocycle
Portfolio news
latest coverage across their companiesP2 Science, Inc · trysignalbase.com · May 26, 2026
pH7 Technologies · finsmes.com · Apr 13, 2026
Frequently asked questions
- How many investments has Circular Innovation Fund made?
- Circular Innovation Fund has 20 tracked investments.
- What stage does Circular Innovation Fund invest at?
- Circular Innovation Fund invests at the Growth stage.
- What sectors does Circular Innovation Fund focus on?
- Circular Innovation Fund focuses on Circular Economy, Cleantech, Climate Tech, Logistics & Supply Chain, New Materials, Retail Tech.
- Where is Circular Innovation Fund located?
- Circular Innovation Fund is headquartered in Montreal, CA.
- Who does Circular Innovation Fund co-invest with?
- Circular Innovation Fund most often shares deals with Collaborative Fund, HG Ventures, Safer Made, among 44 tracked co-investors.
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