Cycle Capital is a pioneer in Canadian Cleantech venture capital fund management investing in companies at the development and commercialization stages in North America. Cycle Capital's Platform has become an important venture capital investor of the Cleantech industry with its three funds totaling $230M Assets Under Management (AUM). Cycle Capital is looking to invests in promising ventures that are not capital intensive and/or that can benefit from the leverage brought by Cycle Capital extensive network of investors, strategic partners, and advisors.
Cycle Capital was founded in 2009 by Andrée-Lise Méthot, Founder and Managing Partner. In addition to its core investments, Cycle Capital targets companies with high growth potential - especially those with strong intellectual property, leading-edge technologies, and with management talent that would benefit from the firm's network of strategic industrial partners and advisors. With its core investment and business expertise, Cycle Capital plays an active role in adding tangible value to its portfolio companies at all stages of their life.
Cycle Capital has made 48 investments. One of their investments was on Aug 8, 2018, when they invested CA$23.5M in MineSense Technologies. Cycle Capital has raised a total of $419M across 5 funds, their latest being Cycle Capital Fund IV. This fund was announced on Feb 11, 2019, and raised a total of $109M.
Cycle Capital Management is a private equity and venture capital firm specializing in start-ups, early venture, PIPE's (Private investment in public equity), and growth capital transactions. It seeks to invest in:
- the companies, the development, and commercialization phases in clean technology;
- renewable energy sector with a focus on biomass, green transportation and green buildings, agriculture technologies, green chemicals, new generation of biofuels, biomass transformation, smart grid, energy storage technologies, renewable energies, energy efficiency, Internet of Things (IoT) applied to resources management, big data, reducing greenhouse gas emissions, energy efficiency, and smart grid;
- technology, energy;
- electric utilities;
- fuel, optimizing resource use, improving process efficiency throughout a product’s life cycle, products or processes that improve the quality of water and technologies dedicated to Smart Cities, and industrial technologies with a focus on companies with technology-enabled solutions to global challenges such as industry dislocations and climate change;
The firm prefers to make leading investments in North America, China, North Eastern North America and co-invests across Canada. Within Canada, it focuses on investments in the Québec region. The firm usually invests between CAD $0.1 million ($0.10 million) and CAD $8 million ($8.18 million) in its portfolio companies with maximum revenues up to CAD $1 million ($1.02 million). It prefers to take a minority stake. It provides advisory service to its portfolio companies. The firm typically holds its investments between five and seven years. Cycle Capital Management is based in Montréal, Canada with additional offices in Toronto, Canada, and Qingdao, China.
Cycle Capital Fund IV
ESS Inc. is a Wilsonville, Oregon-based developer and provider of long-duration energy storage solutions, including flow-batteries, for utility, microgrid, and off-grid applications.
Enerkem is a Montreal-based biorefinery company transforming waste into transportation biofuels, renewable chemicals, and consumer products.
LED Roadway Lighting is an Halifax, Nova Scotia-based company.