Cycle Capital

VCMatch tracks Cycle Capital as an investor focused on Climate/Cleantech, Energy, and Manufacturing companies, Seed and Series A rounds, Canada, North America, and United States markets, and $50m to $700m check sizes. Upload your deck to compare your startup against the full private matching profile.

Check Size

$50m to $700m

Stages

Seed, Series A, Series B, Growth

Focus Areas

Climate/Cleantech, Energy, Manufacturing

Geography

Canada, North America, and United States

Investment Thesis

Cycle Capital is an impact-focused cleantech venture firm that backs high-growth, technology-driven companies which reduce resource use and greenhouse gas emissions. They combine traditional financial and organizational due diligence with systematic analysis of environmental impact, supporting companies from seed (via Cycle Momentum) through growth funds, and emphasize de-risking industrial scale-up to reach both financial and sustainability success.

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Investment Focus

Who should take a closer look

Cycle Capital is most relevant for founders raising Seed, Series A, and Series B rounds in Climate/Cleantech, Energy, Manufacturing, and Semiconductors, especially across Canada, North America, and United States, with public check-size signals around $50m to $700m.

Focus statement

They invest in cleantech and DeepTech (including microelectronics, photonics, digitalization), circularity and new materials, and WaterTech — targeting companies that "do more with less, using fewer resources and turning efficiency gains into significant returns."

Value Add

Explicit dual-focus on financial returns and measurable environmental impact (GHG reduction and ESG criteria).
Platform of seven specialized funds (e.g., Cycle Capital V for DeepTech, Fonds Circular Innovation for circularity/new materials, Cycle H2O for WaterTech) plus an accelerator (Cycle Momentum) and a matching equity program (Origo) to support early-stage companies.
Combination of investor/operator mindset: "Nous sommes des entrepreneur.e.s financiers" — they position themselves as entrepreneurial financiers who actively help scale companies.
Strong corporate and strategic partnerships (Brookfield Renewable, Rio Tinto, Cascades, Lonza, Hydro-Québec, etc.) and international partnerships (e.g., Qingdao/China fund) to support market access and industrial deployment.
Ecosystem-building activities such as the ClimateTech Innovation Forum to convene investors, industry and entrepreneurs and accelerate adoption.