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

Andrée-Lise Méthot

Founder and Managing Partner

Simon Olivier

Senior Partner and Head of BleuImpact Water Fund

Gabriel Samson

Associate

Past deals in LED

VueReal

Series C in 2025
VueReal Inc. is a Canadian company specializing in the development of innovative technologies for micro-LED displays. Founded in 2016 and based in Waterloo, VueReal's core offering is its microSolid printing platform, which facilitates the integration of millions of semiconductor devices into large-area substrates, enabling the creation of advanced smart systems across various applications. The technology is particularly relevant for automotive and aerospace industries, addressing challenges related to electric vehicles and autonomous systems. VueReal's displays are characterized by high transparency, brightness, reliability, and low power consumption, making them suitable for diverse applications, including consumer electronics like smartwatches and augmented reality displays. The company collaborates with original equipment manufacturers (OEMs) to develop customized products and is working on a turnkey solution to enhance the accessibility of its printing technology. By licensing its technology and providing production printers and semiconductor cartridges, VueReal aims to support both large corporations and smaller enterprises in developing tailored electronic solutions. The company has strengthened its leadership team and advisory board to advance its strategic goals and foster partnerships in the industry.

VueReal

Series B in 2022
VueReal Inc. is a Canadian company specializing in the development of innovative technologies for micro-LED displays. Founded in 2016 and based in Waterloo, VueReal's core offering is its microSolid printing platform, which facilitates the integration of millions of semiconductor devices into large-area substrates, enabling the creation of advanced smart systems across various applications. The technology is particularly relevant for automotive and aerospace industries, addressing challenges related to electric vehicles and autonomous systems. VueReal's displays are characterized by high transparency, brightness, reliability, and low power consumption, making them suitable for diverse applications, including consumer electronics like smartwatches and augmented reality displays. The company collaborates with original equipment manufacturers (OEMs) to develop customized products and is working on a turnkey solution to enhance the accessibility of its printing technology. By licensing its technology and providing production printers and semiconductor cartridges, VueReal aims to support both large corporations and smaller enterprises in developing tailored electronic solutions. The company has strengthened its leadership team and advisory board to advance its strategic goals and foster partnerships in the industry.

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.

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.

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.

LED Roadway Lighting

Venture Round in 2011
LED Roadway Lighting Ltd. is a designer and manufacturer of light-emitting diode-based street lighting and control systems, headquartered in Halifax, Canada, with a design office in Victoria. Established in 2002, the company specializes in providing LED solutions for various outdoor applications, including street lighting, pathway illumination, security lighting, and lighting for commercial and municipal entities. Their product offerings include LED streetlights, network technology, sensors, and management software, which enhance urban infrastructure and public safety. The company serves a diverse clientele, including municipalities, commercial businesses, and utility markets, utilizing representatives and distributors to reach both Canadian and international markets. With manufacturing facilities located in the United Kingdom, the United States, Brazil, and Australia, LED Roadway Lighting is committed to delivering innovative and sustainable lighting solutions.
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