Cycle Capital selected by the Venture Capital Catalyst Initiative

Catherine News

Vancouver, Wednesday, June 5, 2019 – Cycle Capital, Canada’s largest clean technology venture capital investment platform, is proud to be one of the recipients of Stream 3 Venture Capital Catalyst Initiative (“VCCI”), announced today by the Honourable Mary Ng, federal Minister of Small Business and Export Promotion in Vancouver.

The Government of Canada, through the Business Development Bank of Canada (BDC), has committed to support funds with a primary focus on clean technology firms under Stream 3 of VCCI. This initiative also focuses on enhancing diversity and increasing women’s participation across the venture capital ecosystem.

“Through VCCI, our government is partnering with talented venture capital fund managers to increase their support of Canada’s clean technology companies,” said the Honourable Mary Ng, Minister of Small Business and Export Promotion. “We are proud to invest in Cycle Capital as it supports promising entrepreneurs in this sector, allowing them to create jobs in Canada and compete on a global scale.”

“We are pleased to welcome the VCCI program as a new Limited Partner”, said Andrée-Lise Méthot, Founder and Managing Partner of Cycle Capital. “Cycle Capital shares the federal government’s belief that venture capital can help build and grow competitive innovative cleantech companies that will disrupt their industries, create large scale market value, drive solid financial returns while helping Canada attains its goals in terms of GHG emissions reductions. Claude Vachet, Managing Partner and I look forward to collaborating in the growth of Canadian cleantech flagships.”

As one of the few gender-balanced women-founded VC funds, Cycle Capital is convinced that diversity and inclusion drive better performance and believes that its strategy focused on yielding successful investments while supporting diverse and inclusive management teams contributed to its selection in the VCCI process.

The Canadian Government’s contribution through VCCI to Cycle Capital Fund IV, L.P. will enable Cycle Capital to deploy more capital in innovative cleantech companies, in key technology sectors such as energy storage and efficiency, green chemistry, clean transportation and smart city technologies, Green IoT, Big Data & AI and agtech.

Cycle Capital announced the first closing of Cycle Capital Fund IV at $109M last February and has already carried out a first investment.

Cycle Capital’s platform regroups several institutional and industrial investors as well as impact investors, family offices and high net worth individuals as limited partners.

Cycle Capital Management

Cycle Capital Management (CCM) is an impact investor and Canada’s largest cleantech venture capital investment platform with AUM (assets under management) close to  $0.5B. With offices in Montreal, Toronto and Qingdao – in continental China – and a presence in New York and Seattle, CCM invests in companies at the development and growth stages that commercialize clean technologies that reduce greenhouse gas emissions, optimize resource use and improve process efficiency throughout North America and China. CCM is also the Founder of the Ecofuel Accelerator and the Co-Founder of the Ecofuel Fund.

Cycle Capital brings together seasoned investment professionals, strategic advisors and industrial partners with in-depth knowledge of the sector. The firm has a number of industrials including Suez, Rio Tinto, Hydro-Québec, Brookfield, Innergex Renewable Energy, Énergir, Cascades, Lonza, Aluminerie Alouette, Qingdao City Construction Investment Group and impact investors such as Vancity Credit Union, McConnell Foundation and Trottier Family Foundation, as strategic partners. For more information on Cycle Capital, visit: cyclecapital.com.

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Catherine Bérubé
Vice President, Sustainability, Investor Relations and Public Affairs
cberube@cyclecapital.com
+1 514 629-1022