Cycle Capital
Venture capitalMontreal · Seed–Late Stage · 8 people tracked
Investment thesis
Operates proprietary climate-investing infrastructure across Montreal, Toronto, Qingdao, New York and Seattle, targets green-electron and circular-molecules tech, ties manager pay to SFDR Article 9 impact, partners with industrials.
Team · 8 people
from curatedWhat they invest in
from 38 of 45 portfolio companiesCleantech ×24Hardware ×14New Materials ×14Circular Economy ×9Climate Tech ×8Energy ×8Biotech ×7Advanced Manufacturing ×6
HQs:Canada×13United States×11Belgium×1Germany×1European Union×1United Kingdom×1
Investments · 45 tracked
founders shown can be your intro pathBy year:2026 · 12025 · 12024 · 12023 · 12022 · 12019 · 16 dated
Eocycle develops distributed renewable energy solutions, including wind turbines and integrated wind-solar-storage systems for industrial and commercial customers.
CleantechClimate TechEnergyMontreal, CA
Richard Legault(President and CEO)
Co-investorsAngels of Many
Powerside develops power quality monitoring and correction solutions for industries including healthcare, semiconductors, and renewable energy.
CleantechCloud ComputingEnergyEnterprise SoftwareHardwareIoTAlameda, US
Ross E. Dueber(CEO)
Co-investorsEnerTech Capital
Agrisoma develops engineered crop varieties, particularly oilseeds like carinata and canola, designed to increase yields and oil content for sustainable biofuel production.
AgTechCleantechClimate TechEnergy
Co-investorsBDC Fund Investments (Fund-of-Funds)BDC Venture Capital
Airex Energy converts residual biomass into torrefied pellets, biochar, and biocarbon used for electricity and heat generation, metallurgical processes, and soil improvement.
CleantechClimate TechEnergy
Rochester, US
Michael T. Williams(Executive Officer)Peter J. McHarg(Executive Officer, Director)Rachel Kielon(Executive Officer)Mag Saba(Executive Officer)David Abruzzese(Executive Officer)
BoardJustin Yang(Director)
AON3D develops additive manufacturing hardware, software, and materials for industrial 3D printing applications.
Advanced ManufacturingAI & Machine LearningDeep TechHardwareRoboticsMontreal, CA
Kevin Han(Founder/CPO)inRandeep Singh(Founder)inAndrew Walker(Founder)in
Co-investorsAlleyCorpFlucas VenturesInnoStart CapitalIronGate Capital AdvisorsPanache VenturesPrototype Capital+6 more
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-investorsCircular Innovation Fund
Aqua Membranes makes precision-printed elements for industrial reverse osmosis (RO) systems, designed to increase production, lower energy costs, reduce cleaning cycles, and improve recovery without retrofits.
Advanced ManufacturingCleantechHardwareNew MaterialsAlbuquerque, US
Rodney Herrington(Founder)Craig Beckman(CEO)Christopher Kurth(Chief Technology Officer)Rick Sanders(Director)Michael Reardon(Director)Stuart Schoenmann(Director)
Co-investorsBURNT ISLAND VENTURESClean Energy VentureClean Energy VenturesHelios Climate VenturesNovaCapitalMicron Ventures
BioAlert Solutions develops qPCR-based monitoring systems for detecting Legionella in cooling towers and water systems across North America.
BiotechHardwareHealthtechIoTMedical DevicesToronto, CA
Etienne Lemieux(President - CEO - Founder)Dominic Carrier(Vice President - Founder)
Co-investorsGreenSky Ventures
Bluefootmembranes designs and manufactures packaged water treatment systems that enable rapid installation and operation with minimal site construction.
Advanced ManufacturingCleantechHardwareNew Materials
Co-investorsCircular Innovation Fund
Blumind develops all-analog semiconductor technology, including ultra-low-power analog neural signal processors (NSPs) and AMPL IP core/chiplet technology, for always-on AI classification tasks such as keyword detection, audio, vision, and sensor fusion.
AI & Machine LearningHardwareSemiconductors
Niraj Mathur(Founder)in
Co-investorsACME CapitalBDC Sustainability Venture FundCreative Destruction Lab (CDL)FusionTwo Small Fish VenturesBDC Capital Corporation+1 more
Concentric AG produces microbial biological crop inputs that enhance plant vigor, soil health, and harvest yield while helping plants resist environmental stress and disease.
AgTechBiotechClimate TechCentennial, US
Co-investorsAliment CapitalPontifax AgTech
Co-investorsCircular Innovation FundGOLDWIN VENTURE PARTNERS
Ecofilter Tek develops Charge-Switching Technology delivered through ion exchange resins and membrane additives, including AmphoPoly for dairy processing membranes and AmphoRes for capturing and releasing PFAS via pH changes.
CleantechDeep TechNew Materials
ESS Tech, Inc. builds iron flow battery systems for long-duration energy storage, offering up to 22 hours of storage to provide baseload power for grids, AI data centers, and communities.
CleantechEnergyHardware
Craig Evans(Founder)in
Co-investorsBreakthrough Energy Ventures
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 RobinsonNatalie AshdownAlexandros Vasileiou
Co-investorsCircular Innovation Fund
Fibracast provides membrane bioreactor (MBR) systems built around its FibrePlate Fusion plate membrane technology for wastewater treatment.
CleantechClimate TechHardware
Co-investorsBMW i VenturesChrysalix
GreenMantra Technologies transforms plastic waste into high-performance materials through molecular recycling technology, breaking down post-consumer polypropylene and polyethylene for use in commercial applications and circular economy solutions.
Circular EconomyCleantechNew MaterialsToronto, CA
Co-investorsArcTern VenturesInnovative Solutions Canada
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-investorsCircular Innovation Fund
Co-investorsAlante CapitalCircular Innovation FundVolta Circle
Local Logic offers a platform that supports the home consumer journey for real estate, spanning attracting website traffic, closing deals, and driving renewals.
AI & Machine LearningData & InfrastructurePropTechSaaSMontréal, CA
Vincent-Charles Hodder(Co-Founder & CEO)inAlexandre Pagé(Founder)Gabriel SiroisGabriel Damant-Sirois(Co-Founder & CPO)Colin Stewart(Co-Founder)
Co-investors500 GlobalGroundBreak VenturesShadow VenturesSecond Century Ventures
Lufa Farms operates a network of rooftop greenhouses across Quebec and Ottawa that grow and distribute fresh vegetables directly to consumers.
AgTechB2B MarketplacesE-commerceFoodTechMontreal, CA
Co-investorsAngels of ManyBoxOne Ventures
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)
BoardCatia Cesari(Director)Temple Fennell(Director)
Co-investorsCircular Innovation FundNeotribe VenturesVolta CircleClean Energy VentureClean Energy VenturesKdT Ventures
MineSense develops sensor-based technology that attaches to mining equipment to assess ore grade and material composition in real-time.
AI & Machine LearningCleantechHardwareVancouver, CA
Andrew Bamber(Executive Officer, Director)Jeff More(Executive Officer, Director)Fadi Kanafani(Executive Officer)Alan Bradford(Executive Officer)Lisa Payne(Executive Officer)
BoardVictor Aguilera(Director)
Co-investorsChrysalixPrelude VenturesBDC Industrial Innovation Venture FundEvok InnovationsExport Development Canada (EDC)J.P. Morgan Asset Management+1 more
Mysa makes smart thermostats for high-voltage electric heating systems such as electric baseboard, fan-forced in-wall, hydronic baseboard, and in-ceiling radiant heaters, offered in energy-monitoring and lower-priced LITE models.
EnergyHardwareIoT
Co-investorsClimate Innovation CapitalKillick Capital
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
Co-investorsCircular Innovation FundTSP Ventures
Novobiom develops fungi-based biotechnology solutions for soil remediation, waste management, and sustainable production.
AI & Machine LearningBiotechCircular EconomyCleantechClimate TechWillebroek, BE
Jean-Michel ScheurenAurélie Espérandieu
Co-investorsCircular Innovation Fund
Co-investorsCircular Innovation FundSABIC Ventures
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)Neil A. Burns(Executive Officer, Director)Oihana Elizalde(Chief Executive Officer)Brian Chan(Chief Financial Officer)Kevin Gallagher(Director)
Co-investorsXeraya CapitalCircular Innovation FundConnecticut InnovationsEmerald Technology Ventures AgHG VenturesSofinnova Partners
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)
Co-investorsPangaea VenturesTDK VenturesBreakwater VenturesCircular Innovation FundFine Structures VenturesPangaea Ventures Us Inc.+1 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-investorsCircular Innovation FundToronto Innovation Acceleration Partners
Prevu3D provides a cloud-based reality capture platform that converts 3D scan data and point clouds into digital twins for engineering and operations teams.
Advanced ManufacturingCloud ComputingConstruction TechDeep TechEnterprise SoftwareSaaS
Co-investorsBrightspark VenturesMcRock CapitalDesjardins Capital
EnergySan Diego, US
Joseph Gottlieb(Executive Officer, Director)Raphael Diamond(Executive Officer, Director)Richard Sander(Executive Officer, Director)
BoardBlair Anderson(Director)Lee Burrows(Director)Adam Goldstein(Director)
Co-investorsEmerald Technology Ventures AgNabtesco Technology Ventures
San Diego, US
An Huang(Executive Officer, Director)in
Co-investorsHonda Innovations Silicon ValleyKhosla VenturesTemasek
SPARK Microsystems develops ultra-wideband (UWB) wireless connectivity technology for applications including Physical AI, XR, audio, gaming, human interface, and IoT devices.
Deep TechHardwareIoTSemiconductors
Co-investors+ND CapitalSilicon Catalyst
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)in
Co-investorsCircular Innovation FundEarth Venture CapitalGranatus VenturesSWEN Capital Partners
UpSolv (Polystyvert) develops a plastics recycling technology based on dissolution and purification to produce custom purified resins from thermoplastics such as polystyrene, HIPS, ABS, and polyolefins (PE, PP, PC), removing contaminants while retaining additives.
Circular EconomyCleantechNew MaterialsQuébec, CA
Co-investorsEarth FoundryEnergy Foundry
Advanced ManufacturingCleantechGolden, US
Andrew Maxey(Executive Officer, Director)Aaron Parker(Executive Officer)Daniel Flagg(Executive Officer)inSean Kline(Executive Officer)Shari Kennett(Director)J. Scott Pusey(Executive Officer)
Co-investorsAutodesk FoundationBeyond CapitalCircular Innovation FundDiamond Edge VenturesHG VenturesNew Climate Ventures+6 more
Vutility builds engineered energy monitoring devices that give businesses real-time visibility into power usage across single or multi-tenant sites.
CleantechEnergyHardwareIoTWest Jordan, US
James Archuleta(Executive Officer)Stephen Prince(Executive Officer, Director)Claude Vachet(Director)Curtis lschickner(Director)Tracy Greenwood(Director)William Benz(Director)
Watttron develops digital heating technologies for industrial packaging and semiconductor manufacturing processes.
Advanced ManufacturingCleantechSemiconductorsDresden, DE
Co-investorsCircular Innovation FundSIB Innovations- und Beteiligungsgesellschaft
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-investorsCircular Innovation Fund
Portfolio news
latest coverage across their companies
Aqua Membranes · intelligence360.news · Jul 15, 2026
P2 Science, Inc · prnewswire.com · Jun 3, 2026
SPARK Microsystems · finance.yahoo.com · May 14, 2026
pH7 Technologies · recyclingtoday.com · Apr 29, 2026
Sparxell · enterprise.cam.ac.uk · Feb 9, 2026
AON3D · 3dprintingindustry.com · Feb 4, 2026
Sonocharge Energy · battery-tech.net · Aug 27, 2025
UpSolv · sustainablebiz.ca · Apr 16, 2025
Frequently asked questions
- What stage does Cycle Capital invest at?
- Cycle Capital invests at the Seed, Series A, Series B, Series C, Growth, Late Stage stages.
- What sectors does Cycle Capital focus on?
- Cycle Capital focuses on AgTech, Cleantech, SaaS.
- Where is Cycle Capital located?
- Cycle Capital is headquartered in Montreal, CA.
- Does Cycle Capital lead rounds?
- Cycle Capital typically participates in rounds rather than leading them.
Media · Podcasts & interviews
featuring the teamEVERYTHING about Montreal’s Cleantech Innovation Ecosystem with Catherine Bérubé of Cycle Capital.
TheFutureEconomy.ca · Catherine Bérubé
Andrée-Lise Méthot pitches Cycle Capital Management
Ecosummit · Andrée-Lise Méthot
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