# Cycle Capital

> Cycle Capital is a Montreal venture capital manager founded by Andrée-Lise Méthot in 2009. It backs climate and resource-efficiency technologies through a seven-fund platform, with more tha C$700 million under management reported for 2025. Its active strategies cover deep tech, circular materials and water technologies; the associated Cycle Momentum platform supports acceleration and industrial adoption.

- **Founded:** 2009
- **Headquarters:** Montreal, Canada
- **Founders:** Andrée-Lise Méthot (Founder and Managing Partner)
- **Products:** Cycle Capital Fund V, Circular Innovation Fund, Cycle H2O Fund, Cycle Momentum, Origo Matching Program
- **Notable:** Reported more tha C$700 million AUM for 2025, excluding Origo investments., Built a platform of seven funds., Portfolio company GaN Systems acquired by Infineon in a US$830 million all-cash transaction completed October 24, 2023.

## Products & services

- **Cycle Capital Fund V** — Venture growth-stage deep-tech strategy focused on microelectronics, photonics, digitalization, IoT and energy efficiency in North America and Europe. The 2025 report states that 10% of GP carried interest is committed to three impact KPIs.
- **Circular Innovation Fund** — Growth-stage circular innovation and new materials fund launched with Demeter; announced at €150 million with L’Oréal as €50 million anchor investor.
- **Cycle H2O Fund** — Seed and early-stage water technology fund managed with H2O Innovation; initial close announced with a C$30 million target, originally focused on Quebec and Eastern Canada.
- **Cycle Momentum** — Associated accelerator and open innovation platform founded by Cycle Capital; workshops, mentoring, investor connections and corporate technology adoption programs.
- **Origo Matching Program** — Cycle Momentum equity matching program for Quebec seed and early-stage climate technology companies.
- **ESG and impact assessment** — Integrated financial, organizational and impact due diligence; portfolio monitoring uses SDGs, IRIS+, the IMP framework and third-party greenhouse-gas assessment.

## Achievements

- Reported more tha C$700 million AUM for 2025, excluding Origo investments.
- Built a platform of seven funds.
- Portfolio company GaN Systems acquired by Infineon in a US$830 million all-cash transaction completed October 24, 2023.
- Co-launched the €150 million Circular Innovation Fund in 2022.
- Led Quintessent’s US$40 million Series A in August 2026.

## Latest updates

- **2026-10** — Pascal Drouin’s promotion to Senior Partner was posted October 1; the release is dated September 25. He became a shareholder and received a mandate to integrate AI into investment and operational processes.
- **2026-09** — Rémi Fournier joined as Managing Partner and capital investor in the management company on September 30.
- **2026-08** — Cycle Capital led Quintessent’s US$40 million Series A; the company announced customer sampling of its quantum-dot DWDM comb laser.
- **2026-01** — Cycle Capital led an AON3D investment round with Desjardins Capital to support commercialization and manufacturing build-out; amount undisclosed.

## Links

- Website: https://cyclecapital.com/en/
- LinkedIn: https://www.linkedin.com/company/cycle-capital/
- Twitter/X: https://twitter.com/CycleCapitalVC

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Profile page: https://yespress.io/cycle-capital
Published by YesPress — https://yespress.io
Last updated: 2026-10-08