Circular Innovation Fund

Circular Innovation Fund, established in 2022, is a venture capital firm based in Montreal, Canada, specializing in circular innovation and climate change mitigation. As a joint venture between prominent ClimateTech investors Cycle Capital and Demeter Partners, the firm focuses on investing in growth-stage companies within the supply chain sector, targeting logistics, materials, and resources. With a commitment to sustainable practices, Circular Innovation Fund aims to make impact investments that enhance biodiversity, ecosystems, and climate resilience across North America, Europe, and Asia. The firm operates as an Article 9 fund under the EU Sustainable Finance Disclosure Regulation, reflecting its dedication to promoting circular resource use and addressing environmental challenges.

Benoit Forcier

Senior Partner

4 past transactions

SPRiNG Collective

Series A in 2025
SPRiNG is a consumer goods company that offers clean and efficient laundry and cleaning products, delivered in a 100% plastic-free box and directly in the mailbox. The company is headquartered in Paris, Ile-de-France, France by Philippe Cantet, Laure Favre, and Ben Guerville in 2017.

Watttron

Series B in 2024
Watttron GmbH is a technology company based in Freital, Germany, that specializes in the development and production of advanced heating systems designed for applications requiring high precision in temperature control. Established in 2016, Watttron offers innovative matrix heating and sealing systems, as well as customized heating solutions and simulation services. Its patented technology allows for heterogeneous heating, which is beneficial in various industrial processes, including polymer processing, packaging, additive manufacturing, microelectronics, biotechnology, automotive, and medicine. The company's focus on energy efficiency and precise temperature management enables clients to effectively process bio-based and recycled materials, positioning Watttron as a leader in the field of intelligent heating solutions.

Sparxell

Seed Round in 2024
Sparxell is a manufacturer of innovative biobased pigments designed to provide vibrant colors and effects using cellulose materials with a high naturality index. The company specializes in dye-free pigments that mimic the physical structures found in nature, such as those seen in birds and butterflies, to achieve their striking colors. These pigments are entirely biodegradable, minimizing environmental impact and avoiding the use of metals or minerals like mica and titania. By offering a low-carbon and high-performance alternative to traditional materials, Sparxell enables businesses across various industries to pursue carbon neutrality more effectively while enhancing their product offerings.

Vartega

Venture Round in 2024
Vartega Inc. is a technology development firm based in Golden, Colorado, that specializes in the recycling of carbon fiber, a strong and lightweight material used across various industries, including aerospace, automotive, wind energy, and sporting goods. Founded in 2014, Vartega employs a patented recycling process to transform carbon fiber scrap and waste into low-cost, high-quality products suitable for mass-market applications. The company’s offerings include semi-continuous, chopped, and milled carbon fiber, which can be utilized in thermoplastics, nonwoven fabrics, and molding compounds. By diverting carbon fiber waste from landfills, Vartega aims to enhance the sustainability of these industries, contributing to improved fuel economy and significant reductions in greenhouse gas emissions.
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