Cycle Capital

Cycle Capital Management Inc., established in 2009, is a Montreal-based venture capital firm specializing in late-stage investments in clean technology and renewable energy sectors. It focuses on companies in the development and commercialization phases, with a particular interest in biomass, green transportation, green buildings, and smart grid technologies. The firm invests primarily in North America, with a focus on Canada, and typically allocates between CAD $0.1 million and CAD $8 million per portfolio company. Cycle Capital takes minority stakes and provides advisory services to its investees, aiming to hold investments for five to seven years. It manages multiple funds totaling CAD $230 million in assets under management.

Kevin Cano

Principal and Investment Director

Louis Carbonneau

Venture Partner and IP Strategist

Ariane Cloutier

CFO

Pascal Drouin

Partner

Gerd Goette

Venture Partner

Ricardo Jordan

Senior Associate

Minalou Kunze-Roelens

Analyst

Roland Liu

Venture Partner

Andree-Lise Methot

Founder and Managing Partner

Simon Olivier

Senior Partner and Head of BleuImpact Water Fund

Gabriel Samson

Associate

Past deals in Quebec

Cycle Momentum

Grant in 2023
Cycle Momentum is a Montreal-based accelerator established in 2014 that focuses on supporting cleantech startups. It is dedicated to working with entrepreneurs who develop and commercialize innovative clean technologies, aiming to cultivate globally competitive companies. The accelerator provides a tailored program that includes training workshops, networking opportunities, and access to experienced mentors. Additionally, Cycle Momentum connects these startups with investors to enhance their growth potential. By concentrating on seed-stage, early-stage, and later-stage companies, particularly in B2B, commercial transportation, energy, and cleantech sectors, Cycle Momentum plays a crucial role in fostering the development of promising Canadian ventures in the clean technology arena.

Local Logic

Series B in 2023
Local Logic is a location intelligence platform based in Montreal, Quebec, that focuses on digitizing the built environment to make location data understandable and actionable for various stakeholders, including consumers, investors, developers, and governments. The platform harnesses artificial intelligence, geospatial data, and user-generated information to offer insights into lifestyle and location characteristics. With proprietary insights derived from over 75 billion data points, Local Logic provides predictive and precise analytics that inform decision-making in the real estate sector, which impacts the vast real estate market in the US and Canada. The company's services cater to commercial real estate, urban planning, and other location-based industries, assisting major developers and investors in shaping sustainable and equitable urban environments.

Prevu3D

Series A in 2023
PreVu3D Inc. is a Montreal-based company founded in 2017 that specializes in developing cloud-based interactive 3D visualization and modeling software. The company's technology focuses on creating photorealistic digital twins of real-life environments, enabling users to scan, capture, and edit three-dimensional models. PreVu3D's intuitive platform allows for easy collaboration and sharing of these models, facilitating enhanced understanding and interaction within virtual spaces. Its software is particularly tailored to support Reality Capture technologies, making it a valuable tool for various industries seeking to improve practices and streamline workflows through advanced 3D visualization.

Local Logic

Series A in 2020
Local Logic is a location intelligence platform based in Montreal, Quebec, that focuses on digitizing the built environment to make location data understandable and actionable for various stakeholders, including consumers, investors, developers, and governments. The platform harnesses artificial intelligence, geospatial data, and user-generated information to offer insights into lifestyle and location characteristics. With proprietary insights derived from over 75 billion data points, Local Logic provides predictive and precise analytics that inform decision-making in the real estate sector, which impacts the vast real estate market in the US and Canada. The company's services cater to commercial real estate, urban planning, and other location-based industries, assisting major developers and investors in shaping sustainable and equitable urban environments.

Bus.com

Series B in 2019
Bus.com is a bus rental platform based in Montreal, Quebec, that specializes in organizing and booking group transportation online. Founded by experienced professionals in the travel industry, the company offers a user-friendly web application that simplifies the process of planning, booking, and managing bus trips for various events, including festivals and sporting events. Its platform features online rental and ticketing services, as well as GPS tracking, allowing passengers to monitor their buses' arrival times. Bus.com aims to enhance the overall experience of group travel by providing a streamlined and efficient solution for shuttle booking.

Enerkem

Corporate Round in 2019
Enerkem transforms non-recyclable waste into renewable biofuels and chemicals. Its proprietary thermochemical process converts municipal solid waste into biofuels like ethanol, addressing oil dependence and waste disposal challenges.

Concentric Agriculture

Series B in 2018
Concentric Agriculture Inc. is a Montreal-based company specializing in the research, development, manufacturing, and marketing of biological products for agricultural applications. Founded in 2007 and formerly known as Inocucor Technologies, the company focuses on enhancing the phyto-microbiome, which includes seeds, plants, root systems, and surrounding soil. Concentric develops innovative solutions such as the Inocucor Garden Solution, a live-cell formulation derived from microorganisms that optimizes plant growth and soil quality while helping crops withstand extreme weather conditions. The company's offerings include cell-free biological formulations for bio-stimulation and active compounds for bio-fertility and bio-protection. These products are utilized in various agricultural practices, including seed treatments, soil drenches, and foliar sprays, across traditional and organic farming, hydroponics, greenhouses, and orchards, both in Canada and internationally. Concentric Agriculture aims to provide safe and effective advancements in agtech that enhance crop yields and promote sustainable agricultural practices.

Enerkem

Corporate Round in 2018
Enerkem transforms non-recyclable waste into renewable biofuels and chemicals. Its proprietary thermochemical process converts municipal solid waste into biofuels like ethanol, addressing oil dependence and waste disposal challenges.

Concentric Agriculture

Series B in 2018
Concentric Agriculture Inc. is a Montreal-based company specializing in the research, development, manufacturing, and marketing of biological products for agricultural applications. Founded in 2007 and formerly known as Inocucor Technologies, the company focuses on enhancing the phyto-microbiome, which includes seeds, plants, root systems, and surrounding soil. Concentric develops innovative solutions such as the Inocucor Garden Solution, a live-cell formulation derived from microorganisms that optimizes plant growth and soil quality while helping crops withstand extreme weather conditions. The company's offerings include cell-free biological formulations for bio-stimulation and active compounds for bio-fertility and bio-protection. These products are utilized in various agricultural practices, including seed treatments, soil drenches, and foliar sprays, across traditional and organic farming, hydroponics, greenhouses, and orchards, both in Canada and internationally. Concentric Agriculture aims to provide safe and effective advancements in agtech that enhance crop yields and promote sustainable agricultural practices.

Local Logic

Seed Round in 2017
Local Logic is a location intelligence platform based in Montreal, Quebec, that focuses on digitizing the built environment to make location data understandable and actionable for various stakeholders, including consumers, investors, developers, and governments. The platform harnesses artificial intelligence, geospatial data, and user-generated information to offer insights into lifestyle and location characteristics. With proprietary insights derived from over 75 billion data points, Local Logic provides predictive and precise analytics that inform decision-making in the real estate sector, which impacts the vast real estate market in the US and Canada. The company's services cater to commercial real estate, urban planning, and other location-based industries, assisting major developers and investors in shaping sustainable and equitable urban environments.

Concentric Agriculture

Series B in 2017
Concentric Agriculture Inc. is a Montreal-based company specializing in the research, development, manufacturing, and marketing of biological products for agricultural applications. Founded in 2007 and formerly known as Inocucor Technologies, the company focuses on enhancing the phyto-microbiome, which includes seeds, plants, root systems, and surrounding soil. Concentric develops innovative solutions such as the Inocucor Garden Solution, a live-cell formulation derived from microorganisms that optimizes plant growth and soil quality while helping crops withstand extreme weather conditions. The company's offerings include cell-free biological formulations for bio-stimulation and active compounds for bio-fertility and bio-protection. These products are utilized in various agricultural practices, including seed treatments, soil drenches, and foliar sprays, across traditional and organic farming, hydroponics, greenhouses, and orchards, both in Canada and internationally. Concentric Agriculture aims to provide safe and effective advancements in agtech that enhance crop yields and promote sustainable agricultural practices.

Concentric Agriculture

Series A in 2016
Concentric Agriculture Inc. is a Montreal-based company specializing in the research, development, manufacturing, and marketing of biological products for agricultural applications. Founded in 2007 and formerly known as Inocucor Technologies, the company focuses on enhancing the phyto-microbiome, which includes seeds, plants, root systems, and surrounding soil. Concentric develops innovative solutions such as the Inocucor Garden Solution, a live-cell formulation derived from microorganisms that optimizes plant growth and soil quality while helping crops withstand extreme weather conditions. The company's offerings include cell-free biological formulations for bio-stimulation and active compounds for bio-fertility and bio-protection. These products are utilized in various agricultural practices, including seed treatments, soil drenches, and foliar sprays, across traditional and organic farming, hydroponics, greenhouses, and orchards, both in Canada and internationally. Concentric Agriculture aims to provide safe and effective advancements in agtech that enhance crop yields and promote sustainable agricultural practices.

Local Logic

Convertible Note in 2016
Local Logic is a location intelligence platform based in Montreal, Quebec, that focuses on digitizing the built environment to make location data understandable and actionable for various stakeholders, including consumers, investors, developers, and governments. The platform harnesses artificial intelligence, geospatial data, and user-generated information to offer insights into lifestyle and location characteristics. With proprietary insights derived from over 75 billion data points, Local Logic provides predictive and precise analytics that inform decision-making in the real estate sector, which impacts the vast real estate market in the US and Canada. The company's services cater to commercial real estate, urban planning, and other location-based industries, assisting major developers and investors in shaping sustainable and equitable urban environments.

YWire Technologies

Seed Round in 2015
YWire Technologies, based in Montreal, specializes in the design, manufacture, and sale of lighting control devices for the commercial buildings market. Founded in 2009 by three veterans of the building automation industry, the company focuses on reducing the installation costs of integrated systems. Its flagship product, the FiveSeries Lighting Control System, is recognized as the first command and control system at the building level to utilize Broadband over Power Line technology for device networking and integration with Building Automation Systems. By leveraging this innovative communication approach, YWire Technologies enables customers to not only decrease lighting usage but also enhance the efficiency of various building systems.

Concentric Agriculture

Series A in 2015
Concentric Agriculture Inc. is a Montreal-based company specializing in the research, development, manufacturing, and marketing of biological products for agricultural applications. Founded in 2007 and formerly known as Inocucor Technologies, the company focuses on enhancing the phyto-microbiome, which includes seeds, plants, root systems, and surrounding soil. Concentric develops innovative solutions such as the Inocucor Garden Solution, a live-cell formulation derived from microorganisms that optimizes plant growth and soil quality while helping crops withstand extreme weather conditions. The company's offerings include cell-free biological formulations for bio-stimulation and active compounds for bio-fertility and bio-protection. These products are utilized in various agricultural practices, including seed treatments, soil drenches, and foliar sprays, across traditional and organic farming, hydroponics, greenhouses, and orchards, both in Canada and internationally. Concentric Agriculture aims to provide safe and effective advancements in agtech that enhance crop yields and promote sustainable agricultural practices.

YWire Technologies

Venture Round in 2015
YWire Technologies, based in Montreal, specializes in the design, manufacture, and sale of lighting control devices for the commercial buildings market. Founded in 2009 by three veterans of the building automation industry, the company focuses on reducing the installation costs of integrated systems. Its flagship product, the FiveSeries Lighting Control System, is recognized as the first command and control system at the building level to utilize Broadband over Power Line technology for device networking and integration with Building Automation Systems. By leveraging this innovative communication approach, YWire Technologies enables customers to not only decrease lighting usage but also enhance the efficiency of various building systems.

YWire Technologies

Venture Round in 2014
YWire Technologies, based in Montreal, specializes in the design, manufacture, and sale of lighting control devices for the commercial buildings market. Founded in 2009 by three veterans of the building automation industry, the company focuses on reducing the installation costs of integrated systems. Its flagship product, the FiveSeries Lighting Control System, is recognized as the first command and control system at the building level to utilize Broadband over Power Line technology for device networking and integration with Building Automation Systems. By leveraging this innovative communication approach, YWire Technologies enables customers to not only decrease lighting usage but also enhance the efficiency of various building systems.

Concentric Agriculture

Venture Round in 2014
Concentric Agriculture Inc. is a Montreal-based company specializing in the research, development, manufacturing, and marketing of biological products for agricultural applications. Founded in 2007 and formerly known as Inocucor Technologies, the company focuses on enhancing the phyto-microbiome, which includes seeds, plants, root systems, and surrounding soil. Concentric develops innovative solutions such as the Inocucor Garden Solution, a live-cell formulation derived from microorganisms that optimizes plant growth and soil quality while helping crops withstand extreme weather conditions. The company's offerings include cell-free biological formulations for bio-stimulation and active compounds for bio-fertility and bio-protection. These products are utilized in various agricultural practices, including seed treatments, soil drenches, and foliar sprays, across traditional and organic farming, hydroponics, greenhouses, and orchards, both in Canada and internationally. Concentric Agriculture aims to provide safe and effective advancements in agtech that enhance crop yields and promote sustainable agricultural practices.

Concentric Agriculture

Venture Round in 2013
Concentric Agriculture Inc. is a Montreal-based company specializing in the research, development, manufacturing, and marketing of biological products for agricultural applications. Founded in 2007 and formerly known as Inocucor Technologies, the company focuses on enhancing the phyto-microbiome, which includes seeds, plants, root systems, and surrounding soil. Concentric develops innovative solutions such as the Inocucor Garden Solution, a live-cell formulation derived from microorganisms that optimizes plant growth and soil quality while helping crops withstand extreme weather conditions. The company's offerings include cell-free biological formulations for bio-stimulation and active compounds for bio-fertility and bio-protection. These products are utilized in various agricultural practices, including seed treatments, soil drenches, and foliar sprays, across traditional and organic farming, hydroponics, greenhouses, and orchards, both in Canada and internationally. Concentric Agriculture aims to provide safe and effective advancements in agtech that enhance crop yields and promote sustainable agricultural practices.

Enerkem

Private Equity Round in 2013
Enerkem transforms non-recyclable waste into renewable biofuels and chemicals. Its proprietary thermochemical process converts municipal solid waste into biofuels like ethanol, addressing oil dependence and waste disposal challenges.

YWire Technologies

Venture Round in 2013
YWire Technologies, based in Montreal, specializes in the design, manufacture, and sale of lighting control devices for the commercial buildings market. Founded in 2009 by three veterans of the building automation industry, the company focuses on reducing the installation costs of integrated systems. Its flagship product, the FiveSeries Lighting Control System, is recognized as the first command and control system at the building level to utilize Broadband over Power Line technology for device networking and integration with Building Automation Systems. By leveraging this innovative communication approach, YWire Technologies enables customers to not only decrease lighting usage but also enhance the efficiency of various building systems.

Enerkem

Private Equity Round in 2011
Enerkem transforms non-recyclable waste into renewable biofuels and chemicals. Its proprietary thermochemical process converts municipal solid waste into biofuels like ethanol, addressing oil dependence and waste disposal challenges.

Enerkem

Private Equity Round in 2010
Enerkem transforms non-recyclable waste into renewable biofuels and chemicals. Its proprietary thermochemical process converts municipal solid waste into biofuels like ethanol, addressing oil dependence and waste disposal challenges.
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