Cycle Capital — Full Portfolio

Eocycle develops distributed renewable energy solutions, including wind turbines and integrated wind-solar-storage systems for industrial and commercial customers.

CleantechClimate TechEnergyMontreal, CA

RLRichard Legault(President and CEO)in

Co-investorsANAngels of ManyANAnges QuebecFOFonds de solidarité FTQINInvestissement Quebec

Powerside develops power quality monitoring and correction solutions for industries including healthcare, semiconductors, and renewable energy.

CleantechCloud ComputingEnergyEnterprise SoftwareHardwareIoTAlameda, US

RERoss E. Dueber(CEO)in

Co-investorsENEnerTech CapitalBDBDC Venture Capital

Prevu3D develops digital twin software that turns 3D scan and reality-capture data (point clouds and meshes) into visual, as-built representations of facilities for engineering, maintenance, and operational use.

Advanced ManufacturingCloud ComputingConstruction TechDeep TechEnterprise SoftwareSaaSMontreal, CA

NMNicolas Morency(Founder)in

Co-investorsMCMcRock CapitalDEDesjardins CapitalBABastien Family OfficeBRBrightspark Ventures

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-investorsBDBDC Fund Investments (Fund-of-Funds)BDBDC Venture CapitalRBRBC Capital

AON3D develops additive manufacturing hardware, software, and materials for industrial 3D printing applications.

Advanced ManufacturingAI & Machine LearningDeep TechHardwareRoboticsMontreal, CA

KHKevin Han(CPO)inRSRandeep Singh(Founder)inAWAndrew Walker(Founder)inMiklos Tusz(Lead Developer)Nick Parker(Lead Systems Architect)daniel nerenberg(CIO)

Co-investorsALAlleyCorpFLFlucas VenturesINInnoStart CapitalIRIronGate Capital AdvisorsMAMana VenturesPAPanache Ventures+16 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-investorsCICircular 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

RHRodney Herrington(Founder)inCBCraig Beckman(CEO)inCKChristopher Kurth(Chief Technology Officer)inRick Sanders(Director)Michael Reardon(Director)Stuart Schoenmann(Director)

Co-investorsBUBURNT ISLAND VENTURESCLClean Energy VentureCLClean Energy VenturesHEHelios Climate VenturesMIMicron VenturesNONovaCapital

BioAlert Solutions develops qPCR-based monitoring systems for detecting Legionella in cooling towers and water systems across North America.

BiotechHardwareHealthtechIoTMedical DevicesToronto, CA

ELEtienne Lemieux(President - CEO - Founder)inDCDominic Carrier(Vice President - Founder)in

Co-investorsGRGreenSky Ventures

Bluefootmembranes designs and manufactures packaged water treatment systems that enable rapid installation and operation with minimal site construction.

Advanced ManufacturingCleantechHardwareNew Materials

Co-investorsCICircular Innovation FundINInnovation Fund sa/nv

Blumind is a Canadian deep-tech startup developing all-analog AI neural network architectures for energy-efficient edge AI computing.

AI & Machine LearningDeep TechHardwareSemiconductors

Niraj Mathur(Founder)in

Co-investorsACACME CapitalBDBDC Sustainability Venture FundCRCreative Destruction Lab (CDL)FUFusionTWTwo Small Fish VenturesVEventureLAB Innovation Centre+3 more

Bus.com provides charter and transit transportation services for enterprise and government organizations across North America.

Climate TechEnterprise SoftwareMarketplacesMobility & TransportationMontreal, CA

KBKyle Boulay(CEO)inWKWolf Kohlberg(Founder)inSonnia Kuo

Co-investorsAUAutotech VenturesBMBMW i VenturesFJFJ LabsFOFounderFuelJAJackson Square VenturesMAMaple Leaf Angels+4 more

CarbiCrete develops a carbon removal technology that enables the production of cement-free concrete by using industrial steel slag and injecting CO2 to provide strength while sequestering carbon.

Circular EconomyCleantechClimate TechConstruction TechNew MaterialsQuebec, CA

Co-investorsAEAera VCBDBDC Climate Tech Fund IIINInnovative Solutions CanadaNENew Climate VenturesRBRBCxSQSQN Venture Partners, LLC+3 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-investorsALAliment CapitalPOPontifax AgTech

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-investorsCICircular Innovation FundGOGOLDWIN VENTURE PARTNERSSASafer MadeCLClosed Loop Partners

Ecofilter Tek develops proprietary charge-switching polymer technology for filtration applications, addressing gaps in traditional filtration methods with more efficient and sustainable solutions.

CleantechDeep TechNew MaterialsSherbrooke, CA

Farhad Farnia(Chief Executive Officer & Co-Founder)inYue Zhao(Chief Scientific Officer & Co-Founder)

Co-investorsINInnovobotCYCycle Momentum

Enerkem converts non-recyclable waste and biomass residues into biofuels and chemicals using gasification and syngas conditioning technology.

Circular EconomyCleantechClimate TechEnergyNew MaterialsMontreal, CA

ECEsteban Chornet(Cofounder and Director Emeritus)inVCVincent Chornet(Cofounder)MCMichel Chornet(Chief Executive Officer)in

Co-investorsATATEL VenturesBRBraemar Energy VenturesRHRho VenturesSASaints CapitalAVAvenue Capital GroupFOFondaction+4 more

ESS builds non-lithium battery energy storage systems — including sodium-ion and iron flow batteries — for utilities, data centers, commercial and industrial facilities, and critical infrastructure.

CleantechEnergyHardware

CECraig Evans(Founder)inCraig Evans Julia Song(Founder)Drew Buckley(Chief Executive Officer)Kelly Goodman(Chief Strategy Officer and General Counsel)Kate Suhadolnik(Chief Financial Officer)Brian Lisiecki(Interim Chief Operating Officer and Chief Information Officer)

Co-investorsBRBreakthrough Energy VenturesGCGC VenturesPAPangaea Ventures Us Inc.SASand Hill Angels

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

JRJason RobinsoninNANatalie AshdowninAlexandros Vasileiou

Co-investorsCICircular Innovation Fund

Fibracast is a membrane technology company that designs and manufactures immersed membrane bioreactor (MBR) systems for municipal, industrial, and commercial wastewater treatment.

Advanced ManufacturingCleantechClimate TechHardwareHamilton, CA

GHGSat monitors greenhouse gas emissions at the facility level using a dedicated satellite constellation and aircraft sensors, providing independent emissions data and analytics.

CleantechClimate TechEnterprise SoftwareSpace TechMontreal, CA

SGStéphane Germain(Founder)inStephane Germain(Founder)

Co-investorsCLClimate InvestmentJAJapan Energy CapitalNGNGIF CapitalSPSpace CapitalYAYaletown Partners

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-investorsARArcTern VenturesINInnovative Solutions CanadaCLClosed Loop Partners

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-investorsCICircular Innovation Fund

Liveable Cities provides smart city infrastructure including LED streetlights, wireless network controllers, and sensor systems paired with software to collect and analyze urban data.

CleantechGovTechHardwareIoTHalifax, CA

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-investorsALAlante CapitalCICircular Innovation FundVOVolta 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

VHVincent-Charles Hodder(Co-Founder & CEO)inAlexandre Pagé(Founder)inGDGabriel Damant-Sirois(Co-Founder & CPO)inCSColin Stewart(Co-Founder)in

Co-investors50500 GlobalGRGroundBreak VenturesSHShadow VenturesBDBDC Capital CorporationDEDesjardins CapitalSESecond 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-investorsANAngels of ManyBOBoxOne 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)inJRJan-Georg Rosenboom(Executive Officer, Director)in

BoardCatia Cesari(Director)TFTemple Fennell(Director)in

Co-investorsCICircular Innovation FundCOCollaborative FundNENeotribe VenturesVOVolta CircleCLClean Energy VentureCLClean Energy Ventures+2 more

MineSense builds sensor-based hardware and software for the mining industry, applying real-time ore-grade sensing and data analytics to mining and processing operations.

AI & Machine LearningCleantechHardwareVancouver, CA

ABAndrew Bamber(Executive Officer, Director)inJMJeff More(Executive Officer, Director)inFKFadi Kanafani(Executive Officer)inABAlan Bradford(Executive Officer)inLPLisa Payne(Executive Officer)inJSJohn Slaven(Chief Executive Officer)in

Co-investorsCHChrysalixPRPrelude VenturesAUAurus CapitalBDBDC Industrial Innovation Venture FundEVEvok InnovationsEXExport Development Canada (EDC)+2 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-investorsCLClimate Innovation CapitalKIKillick CapitalMEMemorial Centre for EntrepreneurshipRORound13 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

Francisco Malaret(Founder)in

Co-investorsCICircular Innovation FundTSTSP Ventures

Novobiom develops fungi-based biotechnology solutions for soil remediation, waste management, and sustainable production.

AI & Machine LearningBiotechCircular EconomyCleantechClimate TechWillebroek, BE

JSJean-Michel ScheureninAEAurélie Espérandieuin

Co-investorsCICircular Innovation Fund

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

PAPaul Anastas(Co-founder)Patrick Foley(Co-founder & President)inNeil A. Burns(Executive Officer, Director)OEOihana Elizalde(Chief Executive Officer)inBCBrian Chan(Chief Financial Officer)inKevin Gallagher(Director)

Co-investorsXEXeraya CapitalCICircular Innovation FundCOConnecticut InnovationsELElm Street VenturesEMEmerald Technology Ventures AgHGHG Ventures+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

MDMohammad Doostmohammadi(Founder & CEO)in

Co-investorsTDTDK VenturesBRBreakwater VenturesCICircular Innovation FundCOCollaborative FundENEnergy & Environment InvestmentFIFine Structures Ventures+7 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-investorsCICircular Innovation FundTOToronto Innovation Acceleration PartnersUNUniversity of Toronto Entrepreneurship HatcheryNANatural Products Canada

EnergySan Diego, US

Joseph Gottlieb(Executive Officer, Director)Raphael Diamond(Executive Officer, Director)Richard Sander(Executive Officer, Director)in

BoardBlair Anderson(Director)Lee Burrows(Director)Adam Goldstein(Director)

Co-investorsEMEmerald Technology Ventures AgGRGreenhouse Capital PartnersNANabtesco Technology Ventures

Sonocharge develops a piezoacoustic platform technology that improves lithium-ion batteries by enhancing lithium diffusion kinetics, enabling faster charging, longer lifespan, and reduced fire risk.

CleantechDeep TechEnergySan Diego, US

An Huang(Executive Officer, Director)in

Co-investorsHOHonda Innovations Silicon ValleyKHKhosla VenturesTETemasek

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+N+ND CapitalSISilicon 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

BDBenjamin Droguet(Founder)inSilvia Vignolini(Founder)

Co-investorsCICircular Innovation FundEAEarth Venture CapitalGRGranatus VenturesJOJoyance PartnersTRTriple VenturesBLBlue Ocean Capital Group+2 more

UpSolv develops a dissolution-and-purification recycling technology that turns contaminated thermoplastics (including polystyrene, HIPS, ABS, and polyolefins like PE, PP and PC) into custom purified recycled resins for industrial customers.

Circular EconomyCleantechNew MaterialsQuébec, CA

RGRune Gjessing, CFA(Chef de la direction intérimaire)in

Co-investorsEAEarth FoundryENEnergy FoundryINInfinity RecyclingBLBlue Ocean Capital Group

Advanced ManufacturingCleantechGolden, US

AMAndrew Maxey(Executive Officer, Director)inAPAaron Parker(Executive Officer)inDaniel Flagg(Executive Officer)inSKSean Kline(Executive Officer)inShari Kennett(Director)J. Scott Pusey(Executive Officer)

Co-investorsAUAutodesk FoundationBEBelle Impact FundBEBeyond CapitalCICircular Innovation FundDIDiamond Edge VenturesE8E8 Angels+8 more

VueReal develops manufacturing technology using an eco-friendly micro-pixel process to produce microLEDs, sensors, chiplets, and solar devices.

Advanced ManufacturingDeep TechHardwareSemiconductors

Reza Chaji(Founder & CEO and Board Member)inRobert Selley(Chief Commercial Officer)inSMShawn Mills(VP of Engineering)inGBGiuseppe Buscemi(VP of Semiconductor)inLALaura Augustine Tarrant(Senior Director of Human Resources)

BoardKevin Soukup(Chairman of the Board)

Co-investorsTDTDK VenturesBDBDC Capital CorporationEXExport Development Canada (EDC)

Vutility provides hardware devices that monitor energy consumption across commercial and industrial operations, delivering real-time data to help businesses measure, allocate, and optimize power usage.

CleantechEnergyEnterprise SoftwareHardwareIoT

Co-investorsSQSQN Venture Partners, LLCCHChevron Technology VenturesCOConstellation Technology VenturesDADamgaard CompanyDADawn CapitalSESeed Capital Limited

Vutility builds engineered energy monitoring devices that give businesses real-time visibility into power usage across single or multi-tenant sites.

CleantechEnergyHardwareIoTWest Jordan, US

JAJames Archuleta(Executive Officer)inStephen Prince(Executive Officer, Director)CVClaude Vachet(Director)inCurtis lschickner(Director)Tracy Greenwood(Director)William Benz(Director)

Watttron develops digital heating technologies for industrial packaging and semiconductor manufacturing processes.

Advanced ManufacturingCleantechSemiconductorsDresden, DE

RCRonald Claus von Nordheimin

Co-investorsCICircular Innovation FundEUEuropean Circular Bioeconomy FundSISIB Innovations- und BeteiligungsgesellschaftSKSKionCFCFH Management GmbH

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-investorsCICircular Innovation Fund