Montreal and Toronto, December 18, 2020 – Cycle Capital, Canada’s leading private cleantech venture capital firm, is proud to announce the addition of Export Development Canada (EDC) as new Limited Partner and the final closing of Cycle Capital IV Fund at $145 million. With EDC, Cycle Capital reaches $0.5 billion in assets under management.

Numerous financial partners
Export Development Canada joins respected institutional and strategic investors including Investissement Québec, Teralys Capital, Fonds de solidarité FTQ, Fondaction, Business Development Bank of Canada, Suez, Rio Tinto, Innergex Renewable Energy, Hydro-Québec, Vancity Financial Cooperative, McConnell Foundation, Trottier Family Foundation, La Capitale Insurance and Financial Services, Concordia University, several private investors as well as Cycle Capital’s managers.

“At Cycle Capital, we support the talent of our cleantech entrepreneurs so that they can scale on and contribute to fight climate change. We are proud to welcome EDC as new LP, already a great partner of Cycle Capital, to support even more portfolio companies including a lot of female-led businesses at the commercialization stage reach international markets,” said Cycle Capital Founder and Managing Partner Andrée-Lise Méthot.

“Cycle Capital has an established track record for supporting female-led and founded businesses, and EDC’s commitment to this female-founded and co-led fund will support our Women in Trade Investments Program mandate to encourage greater representation on both sides of the investor/entrepreneur table. We have had the pleasure to work with the team at Cycle Capital on multiple co-investments and share the vision that EDC’s customer focused solutions can help further accelerate their growth” says Jennifer Cooke, Manager of Women in Trade at Export Development Canada.

In the past year, Cycle Capital has partnered with EDC on three cleantech direct investments through EDC’s matching program. EDC’s investment in the Cycle Capital IV Fund aligns with its progressive trade strategy, which outlines initiatives to support historically underrepresented groups within the trade environment, including women-led businesses.

Cycle Capital Fund IV
Cycle Capital Fund IV is investing across North America, with a primary focus on Canada, 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. As one of the few gender-balanced women-founded VC funds, Cycle Capital is convinced that diversity and inclusion are the drivers of better performances.

Since its initial closing in 2019, Cycle Capital Fund IV has already made 4 investments in leading Canadian and US-based cleantech companies including, Vutiliti and Rhombus.

About Cycle Capital Management
Cycle Capital is an impact investor and Canada’s leading private cleantech venture capital investment platform with AUM (assets under management) north of $0.5B. With offices in Montreal, Toronto and Qingdao – in continental China – and a presence in New York and Seattle, Cycle Capital 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. Cycle Capital is the Founder of the Ecofuel Accelerator, Canada Co-Lead of “Beyond the Billion” – a global pledge campaign aimed at mobilizing a global consortium committed to invest in women founders.
Cycle Capital brings together seasoned investment professionals, strategic advisors and industrial partners with in-depth knowledge of the sector. The firm has many industrial partners such as Suez, Rio Tinto, Hydro-Québec, Brookfield, Innergex Renewable Energy, Énergir, Cascades, Lonza, Aluminerie Alouette, Qingdao City Construction Investment Group and impact investors including Vancity Credit Union, McConnell Foundation, Trottier Family Foundation and few family offices. For more information on Cycle Capital, visit:

About EDC
Export Development Canada (EDC) is a financial Crown corporation dedicated to helping Canadian companies of all sizes succeed on the world stage. As international risk experts, we equip Canadian companies with the tools they need – the trade knowledge, financing solutions, equity, insurance, and connections – to grow their business with confidence. Underlying all our support is a commitment to sustainable and responsible business. To help Canadian businesses facing extreme financial challenges brought on by the global response to COVID-19, the Government of Canada has expanded EDC’s domestic capabilities until December 31, 2021. This broader mandate will enable EDC to expand its support to companies focused domestically. For more information and to learn how we can help your company, call us at 1-800-229-0575 or visit

For more information:
Catherine Bérubé
Vice President, Sustainable Development, Investor Relations and Public Affairs
Cycle Capital
+1 514 629-1022

Export Development Canada
+1 888 222-4065