Cycle Capital

Cycle Capital Management Inc. is a venture capital firm based in Montréal, Canada, specializing in late venture and growth capital investments. Founded in 2009, the firm primarily targets companies in the clean technology and renewable energy sectors, including biomass, green transportation, agriculture technologies, smart grid, and energy efficiency. Cycle Capital seeks to invest in ventures that are in the development and commercialization phases, particularly those with strong intellectual property and exceptional management teams. The firm typically invests between CAD $0.1 million and CAD $8 million in portfolio companies, which may have maximum revenues up to CAD $1 million. It focuses on making leading investments in North America, especially in the Québec region, while also exploring opportunities in China. Cycle Capital plays an active role in enhancing the value of its portfolio through advisory services and leveraging its extensive network of investors and strategic partners. The firm generally holds its investments for a period of five to seven years, managing a total of CAD $230 million in assets.

Gary Berdowski

Associate

Catherine Bérubé

Vice President of Sustainability, Investor Relations and Public Affairs

Kevin Cano

Associate

Ariane Cloutier

Directrice Financiere Cycle Capital, Cycle Momentum Et Cycle Central

Richard Cloutier

Managing Partner, Ecofuel Fund

Pascal Drouin

Partner

Laurence Fournier Dumas

Director of Finance

Serge Lavergne

Venture Partner

Roland Liu

Venture Partner, Fonds Haisi Cycle, Cycle Capital

Jonathan Martel-Gagnon

Associate

Andrée-Lise Méthot

Founder and Managing Partner

Natalya Novikov

Partner and Chief Financial Officer

Simon Olivier

Senior Partner, Lead BleuImpact Fund

Dan Pinault

Partner

Amit Srivastava

Senior Partner

Johanne Sévigny

Managing Partner, Ecofuel Fund

Claude Vachet

Managing Partner

Past deals in Quebec

SPARK Microsystems

Private Equity Round in 2021
SPARK Microsystems International Inc. is a fabless semiconductor company based in Montréal, Canada, specializing in ultra-low power wireless communication technologies for the Internet of Things. Founded in 2016, the company develops a wireless transceiver known as SPARK Radio, which is designed to provide reduced latency and extended battery life for short-range wireless communications. This technology enables devices to operate using energy harvesting techniques, significantly enhancing energy efficiency and performance. By leveraging patented innovations, SPARK Microsystems aims to deliver high-performance wireless solutions that outperform competing technologies in terms of power consumption and data rates, facilitating the advancement of battery-less operations in wireless devices.

Local Logic

Series A in 2020
Local Logic focuses on collecting, cleaning, and combining data to help travelers, home buyers, and consumers make better, more informed decisions when it comes to location. Co-founded in 2014 by urban planners turned data scientists, Local Logic™ focuses on collecting, cleaning, and combining data to help travellers, home buyers, and consumers make better, more informed decisions when it comes to location. Location in a city determines your experience. The location of your hotel determines what you can do on your vacation. The location of your restaurant determines the ambiance of your night out. And the location of your home determines how you will commute every single day. They want to enable people to harness the power of location to live great experiences.

Bus.com

Series B in 2019
Bus.com is a bus rental platform that allows its clients to plan and book group transportation online. Its web app makes it easy to organize, book, join and enjoy bus trips. T The company was founded by travel industry veterans and built with startup hustle. Its headquarters is located at Montreal, Quebec.

Enerkem

Corporate Round in 2019
Enerkem Inc., a development stage company, focuses on the development and production of renewable biofuels and chemicals from waste. The company primarily focuses on the commercial production of cellulosic ethanol. Its proprietary thermochemical process converts waste into biofuels and chemicals. The company has a strategic partnership with NOVA Chemicals Corporation. The company is based in Montreal, Canada.

Polystyvert

Venture Round in 2018
Polystyvert Inc. provides innovative recycling services specifically for polystyrene, enabling the collection and processing of this material to restore it to its original form. Founded in 2011 and headquartered in Anjou, Canada, the company focuses on delivering high-quality recycled polystyrene that matches the quality of new materials. Polystyvert's technology simplifies the recycling process, addressing environmental concerns associated with polystyrene waste.

Inocucor Technologies

Series B in 2018
Concentric develops ground-breaking agtech advancements that are safe for people, protect our natural resources and increase agriculture’s potential to feed the world. Concentric produces high-performance specialty biological products that naturally improve crop yields and replenish soils.

Enerkem

Corporate Round in 2018
Enerkem Inc., a development stage company, focuses on the development and production of renewable biofuels and chemicals from waste. The company primarily focuses on the commercial production of cellulosic ethanol. Its proprietary thermochemical process converts waste into biofuels and chemicals. The company has a strategic partnership with NOVA Chemicals Corporation. The company is based in Montreal, Canada.

Inocucor Technologies

Series B in 2018
Concentric develops ground-breaking agtech advancements that are safe for people, protect our natural resources and increase agriculture’s potential to feed the world. Concentric produces high-performance specialty biological products that naturally improve crop yields and replenish soils.

CVT Corp

Venture Round in 2018
CVT Corp. is an international technology company that specializes in the development, manufacturing, and marketing of continuously variable transmissions (CVTs). These advanced transmission systems are utilized across various industries, including power generation, oil and gas, mining, farming, and off-road equipment. The company serves a diverse customer base across multiple regions, including Canada, the United States, South America, Europe, Africa, Asia, and Australia. Founded in 2001 and originally known as S.O.E. Technologies, CVT Corp. rebranded in June 2007 and is headquartered in Sainte-Julie, Canada.

Netlift

Seed Round in 2017
Netlift Inc. is a transportation service provider based in Montreal, Canada, founded in 2012. The company operates a mobile application that facilitates ride-sharing by matching passengers with drivers who have available seats in their vehicles. This service is designed to assist daily commuters by offering an efficient and cost-effective solution for traveling between home and work, while also integrating with the city's public transit network. Netlift's platform enhances mixed-mode commuting by proposing optimal route options that meet users' travel requirements, making it easier for individuals to connect and share rides.

Powerside

Series A in 2017
Power Survey is a leading provider of high quality power factor correction and harmonic filtering products and services, specializing in customized, low to medium voltage solutions. The company is dedicated point of contact to improve power quality. The company helps commercial and industrial energy customers reduce utility charges, equipment damage, and operational issues stemming from poor power factor and harmonic issues. They also support utilities to achieve their goals toward a more reliable and efficient grid to cope with the increasing energy demand while reducing the carbon footprint.

Local Logic

Seed Round in 2017
Local Logic focuses on collecting, cleaning, and combining data to help travelers, home buyers, and consumers make better, more informed decisions when it comes to location. Co-founded in 2014 by urban planners turned data scientists, Local Logic™ focuses on collecting, cleaning, and combining data to help travellers, home buyers, and consumers make better, more informed decisions when it comes to location. Location in a city determines your experience. The location of your hotel determines what you can do on your vacation. The location of your restaurant determines the ambiance of your night out. And the location of your home determines how you will commute every single day. They want to enable people to harness the power of location to live great experiences.

Thymox Technology

Series B in 2017
Laboratoire M2 manufactures innovative disinfection products from its proprietary platform named THYMOX TECHNOLOGY. Laboratoire M2 is also working on expanding its line of THYMOX TECHNOLOGY products and applications.the lab which has developed this technology branded as THYMOX.In order to ensure its exclusive ownership of the technology, Laboratoire M2 acquired the intellectual property rights to Thymox. The company holds Canadian and US and South-American patents on the product’s formulation and application, and has applied for patents in 40 other countries.

Inocucor Technologies

Series B in 2017
Concentric develops ground-breaking agtech advancements that are safe for people, protect our natural resources and increase agriculture’s potential to feed the world. Concentric produces high-performance specialty biological products that naturally improve crop yields and replenish soils.

Airex Energy

Venture Round in 2017
Airex Energy Inc. is a Canadian company based in Laval, founded in 2008. The company specializes in biomass torrefaction, a process that converts various types of feedstock, such as woody biomass and agricultural waste, into biocoal. Airex Energy's innovative technology is centered around a patented cyclonic bed reactor known as CarbonFX, which facilitates large-scale production of biocoal. This technology presents a sustainable alternative to traditional fossil fuels, contributing to renewable energy solutions.

Eocycle

Venture Round in 2016
Eocycle Technologies Inc. develops, manufactures, and commercializes wind turbines for distributed wind energy applications. The company offers direct-drive wind turbines, custom generators/motors, and transverse flux permanent magnet generators/motors. It serves farms, ranches, greenhouses, and vineyards; residences; schools, colleges, and universities; governmental and institutional facilities, including office buildings, pumping stations, water treatment facilities, parks, arenas, stadiums, museums, and rest areas; retail businesses and small- or medium-size enterprises; golf courses, ski resorts, training centres, hotels, and recreational parks; rural electrification for developing countries; and isolated sites and remote areas where diesel-powered generation is used for producing electricity. The company offers its products through dealers worldwide. Eocycle Technologies Inc. was incorporated in 2000 and is headquartered in Gaspé, Canada.

Polystyvert

Venture Round in 2016
Polystyvert Inc. provides innovative recycling services specifically for polystyrene, enabling the collection and processing of this material to restore it to its original form. Founded in 2011 and headquartered in Anjou, Canada, the company focuses on delivering high-quality recycled polystyrene that matches the quality of new materials. Polystyvert's technology simplifies the recycling process, addressing environmental concerns associated with polystyrene waste.

Netlift

Seed Round in 2016
Netlift Inc. is a transportation service provider based in Montreal, Canada, founded in 2012. The company operates a mobile application that facilitates ride-sharing by matching passengers with drivers who have available seats in their vehicles. This service is designed to assist daily commuters by offering an efficient and cost-effective solution for traveling between home and work, while also integrating with the city's public transit network. Netlift's platform enhances mixed-mode commuting by proposing optimal route options that meet users' travel requirements, making it easier for individuals to connect and share rides.

Local Logic

Convertible Note in 2016
Local Logic focuses on collecting, cleaning, and combining data to help travelers, home buyers, and consumers make better, more informed decisions when it comes to location. Co-founded in 2014 by urban planners turned data scientists, Local Logic™ focuses on collecting, cleaning, and combining data to help travellers, home buyers, and consumers make better, more informed decisions when it comes to location. Location in a city determines your experience. The location of your hotel determines what you can do on your vacation. The location of your restaurant determines the ambiance of your night out. And the location of your home determines how you will commute every single day. They want to enable people to harness the power of location to live great experiences.

Inocucor Technologies

Series A in 2016
Concentric develops ground-breaking agtech advancements that are safe for people, protect our natural resources and increase agriculture’s potential to feed the world. Concentric produces high-performance specialty biological products that naturally improve crop yields and replenish soils.

YWire technologies

Seed Round in 2015
Based in Montreal, YWire Technologies designs, manufactures and sells lighting control devices for the commercial buildings market. Founded by three building automation industry veterans in 2009, YWire designs products targeted specifically at lowering the installed cost of integrated systems across the market. The FiveSeries Lighting Control System is the first building-level command and control system in the world to use Broadband over Power Line for device networks and integration into Building Automation Systems.

Netlift

Seed Round in 2015
Netlift Inc. is a transportation service provider based in Montreal, Canada, founded in 2012. The company operates a mobile application that facilitates ride-sharing by matching passengers with drivers who have available seats in their vehicles. This service is designed to assist daily commuters by offering an efficient and cost-effective solution for traveling between home and work, while also integrating with the city's public transit network. Netlift's platform enhances mixed-mode commuting by proposing optimal route options that meet users' travel requirements, making it easier for individuals to connect and share rides.

FilmOrganic

Seed Round in 2015
FilmOrganic is a Canadian company specializing in the development and production of 100% compostable mulch films aimed at increasing agricultural productivity. FilmOrganic’s technology is effective, environmentally friendly and cost efficient. The company aspires to become the leader in the development of bio-plastic mulch films that are tailored to Farmer’s specific needs. Co-founders Hugo Meunier and Roger Tambay each possess a long experience in the development and manufacturing of plastic films, including mulch films and other films used in the agriculture market.

Inocucor Technologies

Series A in 2015
Concentric develops ground-breaking agtech advancements that are safe for people, protect our natural resources and increase agriculture’s potential to feed the world. Concentric produces high-performance specialty biological products that naturally improve crop yields and replenish soils.

YWire technologies

Venture Round in 2015
Based in Montreal, YWire Technologies designs, manufactures and sells lighting control devices for the commercial buildings market. Founded by three building automation industry veterans in 2009, YWire designs products targeted specifically at lowering the installed cost of integrated systems across the market. The FiveSeries Lighting Control System is the first building-level command and control system in the world to use Broadband over Power Line for device networks and integration into Building Automation Systems.

YWire technologies

Venture Round in 2014
Based in Montreal, YWire Technologies designs, manufactures and sells lighting control devices for the commercial buildings market. Founded by three building automation industry veterans in 2009, YWire designs products targeted specifically at lowering the installed cost of integrated systems across the market. The FiveSeries Lighting Control System is the first building-level command and control system in the world to use Broadband over Power Line for device networks and integration into Building Automation Systems.

Inocucor Technologies

Venture Round in 2014
Concentric develops ground-breaking agtech advancements that are safe for people, protect our natural resources and increase agriculture’s potential to feed the world. Concentric produces high-performance specialty biological products that naturally improve crop yields and replenish soils.

Lufa Farms

Venture Round in 2014
Lufa Farms is an agricultural and technology company located in Montreal, Quebec. It is reputed to have built the world's first commercial rooftop greenhouse. The company's first greenhouse began operations in early 2011. Its second greenhouse opened in late 2013.

Airex Energy

Seed Round in 2014
Airex Energy Inc. is a Canadian company based in Laval, founded in 2008. The company specializes in biomass torrefaction, a process that converts various types of feedstock, such as woody biomass and agricultural waste, into biocoal. Airex Energy's innovative technology is centered around a patented cyclonic bed reactor known as CarbonFX, which facilitates large-scale production of biocoal. This technology presents a sustainable alternative to traditional fossil fuels, contributing to renewable energy solutions.

Thymox Technology

Seed Round in 2014
Laboratoire M2 manufactures innovative disinfection products from its proprietary platform named THYMOX TECHNOLOGY. Laboratoire M2 is also working on expanding its line of THYMOX TECHNOLOGY products and applications.the lab which has developed this technology branded as THYMOX.In order to ensure its exclusive ownership of the technology, Laboratoire M2 acquired the intellectual property rights to Thymox. The company holds Canadian and US and South-American patents on the product’s formulation and application, and has applied for patents in 40 other countries.

Inocucor Technologies

Venture Round in 2013
Concentric develops ground-breaking agtech advancements that are safe for people, protect our natural resources and increase agriculture’s potential to feed the world. Concentric produces high-performance specialty biological products that naturally improve crop yields and replenish soils.

Lufa Farms

Venture Round in 2013
Lufa Farms is an agricultural and technology company located in Montreal, Quebec. It is reputed to have built the world's first commercial rooftop greenhouse. The company's first greenhouse began operations in early 2011. Its second greenhouse opened in late 2013.

Enerkem

Private Equity Round in 2013
Enerkem Inc., a development stage company, focuses on the development and production of renewable biofuels and chemicals from waste. The company primarily focuses on the commercial production of cellulosic ethanol. Its proprietary thermochemical process converts waste into biofuels and chemicals. The company has a strategic partnership with NOVA Chemicals Corporation. The company is based in Montreal, Canada.

YWire technologies

Venture Round in 2013
Based in Montreal, YWire Technologies designs, manufactures and sells lighting control devices for the commercial buildings market. Founded by three building automation industry veterans in 2009, YWire designs products targeted specifically at lowering the installed cost of integrated systems across the market. The FiveSeries Lighting Control System is the first building-level command and control system in the world to use Broadband over Power Line for device networks and integration into Building Automation Systems.

Lufa Farms

Venture Round in 2012
Lufa Farms is an agricultural and technology company located in Montreal, Quebec. It is reputed to have built the world's first commercial rooftop greenhouse. The company's first greenhouse began operations in early 2011. Its second greenhouse opened in late 2013.

Enerkem

Private Equity Round in 2011
Enerkem Inc., a development stage company, focuses on the development and production of renewable biofuels and chemicals from waste. The company primarily focuses on the commercial production of cellulosic ethanol. Its proprietary thermochemical process converts waste into biofuels and chemicals. The company has a strategic partnership with NOVA Chemicals Corporation. The company is based in Montreal, Canada.

UTILICASE

Venture Round in 2011
UTILICASE, founded in 1994, is one of the very few Power System IT firms in North America dedicated exclusively to the electric utility industry. Leader and preferred partner, UTILICASE has completed over 475 projects worldwide with the highest standards for core business operations in the energy industry.

Enerkem

Private Equity Round in 2010
Enerkem Inc., a development stage company, focuses on the development and production of renewable biofuels and chemicals from waste. The company primarily focuses on the commercial production of cellulosic ethanol. Its proprietary thermochemical process converts waste into biofuels and chemicals. The company has a strategic partnership with NOVA Chemicals Corporation. The company is based in Montreal, Canada.