Cycle Capital announces the promotion of three investment team members

Montréal, February 15, 2024 – Cycle Capital, a leading Climatetech venture capital investment platform, announces the appointment of Ricardo Jordan as Senior Associate and Gabriel Samson as Associate. The Circular Innovation Fund, managed by Cycle Capital and Demeter Partners, also announces the promotion of Maya Hassa to Principal.

 

“We are proud to see Maya, Ricardo and Gabriel, part of the firm’s next generation progress, reach new milestones and take on additional responsibilities,” says Andrée-Lise Méthot, Founder and Managing Partner of Cycle Capital.

 

Maya Hassa joined Cycle Capital in 2021 as part of the investment team. She previously was an associate in a cleantech investment fund. In April 2022, she moved to CIF, where she started as an Analyst and was subsequently promoted to an Associate position in January 2023. Maya has an undergraduate BSc in Renewable Resource Management from McGill University.

 

Ricardo Jordan joined Cycle Capital as an Associate in November 2022. Prior to this, he held positions at Terragon Environmental Technologies and Optima Energia, where he served as a Lead Project Manager and Business Development Manager, respectively. Ricardo has a Bachelor’s in Mechanical Engineering and an MBA from HEC Montreal.

 

Gabriel Samson joined Cycle Capital’s investment team in April 2021 as an Intern. He later transitioned into a full-time role as an Analyst in 2022. Gabriel holds a BCom from the University of Ottawa and is currently pursuing a Master’s in Science in Finance at HEC Montreal.

 

Cycle Capital

Cycle Capital is a leading Climatetech venture capital platform scaling impactful, sustainable innovation. Founded in 2009, Cycle Capital invests across North America, Europe and Asia in growing companies commercializing solutions to the major ecological challenges and contributing to a net-zero transition. Cycle Capital is the founder of Cycle Momentum Accelerator + Innovation Engine. Cycle Capital has developed an ESG and impact assessment methodology integrated into the investment workflow from the pre-investment phase to the exit of the portfolio company. For more information on Cycle Capital, visit: cyclecapital.com.

Info

Catherine Bérubé

Associée

[email protected]

+1 514 629-1022

Four New Members Join Cycle Capital’s Industrial Expert Advisory Committee

Montreal, February 5, 2024 – Cycle Capital, a leading ClimateTech venture capital investment platform, is pleased to announce the addition of three new members to its Industrial Expert Advisory Committee (IEAC). Dr. Murthy Renduchintala, former Chief Engineering Officer at Intel and Executive Vice President at Qualcomm Inc; Raj Singh, former Executive Vice President of Compute Strategy and Business Development at Marvell Technology and Jim Whitham, Senior Vice President & Strategic Advisor at Infineon. They join Bertrand Gautier, Founding Partner at Schroders Greencoat Capital, already a member of Cycle Capital Fund IV advisory committee, along with current representatives from Cycle Capital’s Limited Partners (LPs), to support Cycle Capital’s team in its mission to scale deep tech companies developing enabling technologies in the transition to net zero.

 

“We are delighted that Murthy, Raj, Jim and Bertrand have joined the IEAC. Their technical insights and experience in microelectronics and growing businesses will be extremely valuable and complement Cycle Capital’s growing investment team to evaluate climatetech startups more thoroughly,” said Andrée-Lise Méthot, Founder and Managing Partner of Cycle Capital. “Murthy will support Cycle Capital and its portfolio companies with his commercial and engineering insights, as well as product design. Raj and Jim will help Cycle Capital reinforce its expertise in semiconductors and industrial scaling up in microelectronics, a key component of Cycle Capital’s Fund V’s investment thesis. These additions support Cycle Capital’s expansion in the US and in Europe, where Jim and Bertrand are located.

 

Dr Murthy Renduchintala currently serves as a Member of the Board of Directors at Accenture plc. The former Group President and Chief Engineering Officer of Intel Inc. also served as Executive Vice President and Co-President, Qualcomm CDMA Technologies during his 12 years at Qualcomm Inc. and worked at Philips Electronics for 17 years, ending his tenure there as the Vice President of Engineering. He sits on Advisory Boards at the University of California, San Diego – Jacobs School of Engineering and the University of California, Berkeley – Fung Institute of Engineering Leadership.   Dr Renduchintala holds a bachelor’s degree in electrical engineering, a master’s degree in business administration and a Ph.D. in digital communications from the University of Bradford in England. His alma mater subsequently awarded him the honorary degree of Doctor of Technology for his contributions to Science and Technology.

Raj Singh was previously executive vice president of the processors business group at Marvell Semiconductor and joins the Cycle Capital team from San Francisco, California. He has over four decades of executive experience in technology, specializing in the semiconductor industry, including as CEO of Wavesat, a semiconductor manufacturing company that Cavium Networks acquired. Alongside his current role, Raj is the founder of Banchory LLC – an advisory tech consultancy firm –  and a member of the board of directors at Kandou in Switzerland.

 

Jim Witham was recently named Senior Vice President & Strategic Advisor at Infineon. He is the former CEO of GaN Systems, a Cycle Capital portfolio company acquired by Infineon for US$830 million this past Fall. Jim joined GaN Systems from Neoconix, a manufacturer of high-density miniature connectors. As CEO of Neoconix, he successfully implemented strategic changes which dramatically increased revenue and resulted in the company’s acquisition by Unimicron Technology. Prior to Neoconix, Jim was CEO of Fultec Semiconductor, where his team designed and manufactured circuit protection devices using high-voltage silicon, silicon carbide and gallium nitride (GaN) transistors. Jim holds an MBA from Harvard and both M.S. and B.S. with distinction in Mechanical Engineering from Stanford.

Bertrand Gautier is the Founding Partner at Greencoat Capital, a leading asset manager in the energy transition space in Europe. He was previously the Director at Terra Firma Capital Partners in their London office and Vice President at Merrill Lynch. Bertrand holds a Master’s in General Engineering from ICAM (France) and an MBA from Harvard Business School.  

 

About Cycle Capital

 

Cycle Capital is a leading ClimateTech venture capital platform scaling impactful, sustainable innovation. Founded in 2009, Cycle Capital invests across North America, Europe and Asia in growing companies commercializing solutions to the major ecological challenges and contributing to a net-zero transition. Cycle Capital is the founder of Cycle Momentum Accelerator + Innovation Engine. Cycle Capital has developed an ESG and impact assessment methodology integrated into the investment workflow from the pre-investment phase to the exit of the portfolio company. For more information on Cycle Capital, visit cyclecapital.com.

 

Catherine Bérubé +1 514 629-1022  / [email protected]

 

Cycle Capital and Cycle Momentum announce the appointment of Catherine Bérubé as Chairperson of the Board of Cycle Momentum

Montréal, October 25, 2023 – Cycle Capital and Cycle Momentum announce the appointment of Catherine Bérubé, Partner at Cycle Capital, as the board’s new Chairperson at Cycle Momentum. Catherine will succeed Andrée-Lise Méthot, Founder and Managing Partner of Cycle Capital, who has chaired Cycle Momentum for the past nine years. 

“Claude Vachet, Patrick Gagné and I are very pleased to see Catherine take on this new role, and she is the ideal person to support  Cycle Momentum’s next phase of growth. She has been instrumental in delivering the new collaboration with the government of Quebec including in crafting the new Origo program.” Having been the Chairperson of the Board at Cycle Momentum for nearly a decade, Andrée-Lise Méthot adds, “I’m leaving with a sense of accomplishment and, above all, of passing on to the next generation an organization that is healthy and well-funded, with a fantastic team and a mission to develop high-quality climatetech entrepreneurs.” 

Patrick Gagné, CEO of Cycle Momentum, said, “Cycle Momentum’s team and Catherine have been working together for many years. We are excited to strengthen our collaboration to help climatetech startups access capital and enable us to scale the acceleration and open innovation programs, as well as the Origo matching funding program, in the years ahead. I’d also like to highlight the scope of Andrée-Lise’s work for the climate technology ecosystem. Without her, the organization’s development would not have been the same, and I would like to thank her on behalf of the entire Cycle Momentum team and the members of our Board of Directors.”

Catherine joined Cycle Capital in 2014. Her key responsibilities for Cycle Capital have included managing the firm’s “impact investing” practice, investor relations and public affairs. She also leads Cycle Central – a climatetech Innovation hub. In addition, Catherine sits on the boards of Clean Resource Innovation Network (CRIN) and SWITCH. She is also a Member of CVCA’s Diversity and Inclusion Committee.

Cycle Capital

Cycle Capital is a leading ClimateTech venture capital platform scaling impactful, sustainable innovation. Founded in 2009, Cycle Capital invests across North America, Europe and Asia in growing companies commercializing solutions to the major ecological challenges and contributing to a net-zero transition. Cycle Capital is the founder of Cycle Momentum Accelerator + Innovation Engine. Cycle Capital has developed an ESG and impact assessment methodology integrated into the investment workflow from the pre-investment phase to the exit of the portfolio company. For more information on Cycle Capital, visit www.cyclecapital.com .

Cycle Momentum

Cycle Momentum is an accelerator and open innovation platform that brings together an international collective of entrepreneurs, investors and innovators. Our mission is to find innovative solutions to the major ecological challenges facing humanity. Member of the Cycle Capital Platform, Cycle Momentum provides entrepreneurs with training workshops, networking sessions and mentoring, and works with leading companies to stimulate technology acquisition and integration. In order to increase the impact of its programs, Cycle Momentum has brought together several local and international investment funds as part of its Circle of Partner Funds, whose members are involved with participating startups.

Cycle Momentum can count on the financial support of the Gouvernement du Quebec, Cycle Capital, Canada Economic Development for Quebec Regions, Investissement Québec, Export Development Canada, Fasken, PricewaterhouseCoopers  and  the TELUS Pollinator Fund for Good.

For more information on Cycle Momentuml, visit :  https://cyclemomentum.com/en/

Mark Little and Raj Singh Join Cycle Capital as Strategic Advisors

Montreal, October 4, 2023 – Cycle Capital, a leading ClimateTech venture capital investment platform, is pleased to announce the addition of two new strategic advisors. Mark Little, Suncor’s former President and CEO and Raj Singh, former Executive Vice President at Marvell Semiconductor, have joined the firm to increase the investment teams’ expertise in industrial scaling up and microelectronics, a key component of Cycle Capital’s Fund V’s investment thesis.

 

“We are delighted that Mark and Raj have joined Cycle Capital. Both Mark and Raj bring a strong combination of executive leadership and energy and microelectronics sector experience to the firm,” said Andrée-Lise Méthot, Founder and Managing Partner of Cycle Capital. “Mark will support Cycle Capital in expanding its presence in Alberta, a base for Canada’s leading energy companies, and Raj’s addition will help Cycle Capital reinforce its expertise in semiconductors and continue to expand its presence in the United States.”

 

Mark Little, based in Calgary, served 14 years at Suncor between 2008 and 2022 before becoming the Co-Founder and CEO at Jotson, a climatetech company that helps households manage energy consumption, costs and emissions. Mark has a Bachelor of Science (B.Sc.) in Computer Science from the University of Calgary, a Bachelor of Applied Petroleum Engineering Technology from SAIT, and he completed the Advanced Management Program at Harvard Business School in 2015.

Meanwhile, Raj Singh, was previously executive vice president of the processors business group at Marvell Semiconductor and  joins the Cycle Capital team from San Francisco, California. He has over four decades of executive experience in technology, specializing in the semiconductor industry, including as CEO of Wavesat, a semiconductor manufacturing company that Cavium Networks acquired. Alongside his current role, Raj is the founder of Banchory LLC – an advisory tech consultancy firm –  and a member of the board of directors at Kandou in Switzerland.

 

About Cycle Capital

 

Cycle Capital is a leading ClimateTech venture capital platform scaling impactful, sustainable innovation. Founded in 2009, Cycle Capital invests across North America, Europe and Asia in growing companies commercializing solutions to the major ecological challenges and contributing to a net-zero transition. Cycle Capital is the founder of Cycle Momentum Accelerator + Innovation Engine. Cycle Capital has developed an ESG and impact assessment methodology integrated into the investment workflow from the pre-investment phase to the exit of the portfolio company. For more information on Cycle Capital, visit www.cyclecapital.com .

 

Catherine Bérubé +1 514 629-1022  / [email protected]

 

Claude Vachet Named a Canada’s 2024 Clean50 Award Honouree

Toronto, September 28, 2023 – Cycle Capital, a leading ClimateTech venture capital investment platform, is proud to announce that Claude Vachet, Managing Partner, has been named Canada’s 2024 Clean50, an award that recognizes the contribution of 50 Canadian leaders to sustainability.

Canada’s Clean50 Awards are announced annually by Delta Management Group and the Clean50 organization to recognise individuals or small teams, from 16 different categories who have done the most to advance the cause of sustainability and clean capitalism in Canada over the past 2 years.

“I am very honored to become a member of the Clean50 community, amongst which my colleagues Andrée-Lise Méthot and Shirley Speakman are also members,” says Claude Vachet. “This recognition is a testament to the hard work of the entire Cycle Capital team for the past 15 years and the effort we have put in to advance the net-zero transition and support Canada’s climatetech companies.”

“As a founder and Managing Partner of Cycle Capital, I’m very proud to see my partner Claude receive this award. This is a well-deserved recognition for someone who’s tremendously contributed to the climatetech venture capital industry in Canada”, says Andrée-Lise Méthot, Founder and Managing Partner, Cycle Capital.

“Claude Vachet’s career marked by numerous investments and profitable exits, Claude has had a major contribution to the success of the leading VC firm in the clean / climate tech market in Canada, with over $600 million in AUM”, explained Gavin Pitchford, CEO of Delta Management Group. “He was chosen after rigorous screening and research by Delta Management, with advice from internal researchers and external advisors, and was among Honourees selected from an initial pool of well over 1,000 well-qualified nominees. “

The Clean50 Honourees list can be found at: http://www.clean50.com/.

About Delta Management Group / Canada’s Clean50:

Leading ESG, sustainability and clean tech search firm Delta Management Group founded, and remains the steward of the Canada’s Clean50 awards, created in 2011 to annually identify, recognize and connect 50 sustainability leaders from every sector of Canadian endeavor, in order to facilitate understanding, collaboration and innovation in the fight to keep climate change impacts below 1.5 degrees C. Ancillary awards also recognize 20 Emerging Leaders and the 24 Top Sustainability Projects of the year, as well as bestow Lifetime Achievement designations

About Cycle Capital

Cycle Capital is a leading ClimateTech venture capital platform scaling impactful, sustainable innovation. Founded in 2009, Cycle Capital invests across North America, Europe and Asia in growing companies commercializing solutions to the major ecological challenges and contributing to a net-zero transition. Cycle Capital is the founder of Cycle Momentum Accelerator + Innovation Engine. Cycle Capital has developed an ESG and impact assessment methodology integrated into the investment workflow from the pre-investment phase to the exit of the portfolio company. For more information on Cycle Capital, visit: www.cyclecapital.com .

Information: Gavin Pitchford 416-925-2005 / [email protected]

Catherine Bérubé 514 629-1022  / [email protected]

Cycle Capital announces the appointment of Adriana Danaila as ESG Analyst and Minalou Kunze–Roelens as Analyst

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Montreal, September 12, 2023 – Cycle Capital, a leading ClimateTech venture capital investment platform, announces the expansion of its investment team by adding two new resources. 

Adriana Danaila joins the ESG Impact team as an Analyst. Adriana brings over eight years of experience in consulting and technology, with expertise in financial valuation and Environmental Impact Assessment. Adriana spent the first few years of her career as a Consultant for FTI Consulting and Deloitte France, where she worked on the valuation and quantification of claims relative to damages incurred in the context of litigation and international arbitration. 

Most recently, Adriana worked as an ESG Manager at Iroko, where she developed an ESG notation grid adapted to the fund’s real estate portfolio and ensured that ESG characteristics were considered at each step of the acquisition and management decisions. 

Adriana holds a Bachelor’s in Business Administration from ESSEC Business School and a Master’s in International Relations and Diplomacy from Université Jean Moulin Lyon III. She is currently preparing for her CFA® Level II certification.


Minalou Kunze–Roelens joins the team as an Analyst in the investment team. She previously worked as a Venture Analyst at Creative Destruction Lab, and as an Investment Analyst at Anges Quebec – a leading angel investor network. Prior to that, she was an Investment Associate at Front Row Ventures, Canada’s first pre-seed university-focused venture capital fund and a Partnerships and Seed Fund Intern at Sustainable Development Technology Canada (SDTC).

Minalou holds a Bachelor of Commerce (BCom) with Concentrations in Finance and Managing for Sustainability from McGill University. 

“Cycle Capital is excited to welcome Adriana and Minalou – two very talented women with Impact and ClimateTech investment knowledge. Adriana’s addition to the team will add to Cycle Capital’s growing ESG analysis and reporting expertise. Likewise, Minalou’s strong background in venture capital will be valuable for Cycle Capital’s investment team as we manage our growing ClimateTech pipeline,” said Andrée-Lise Méthot, Founder and Managing Partner of Cycle Capital.

Cycle Capital announces the appointment of Catherine Bérubé as Partner

Montréal, February 21, 2023 – Cycle Capital, a leading ClimateTech venture capital investment platform, announces the appointment of Vice President, Sustainability, Investor Relations & Public Affairs Catherine Bérubé as a Partner.

 

“Claude Vachet and I are proud to see Catherine promoted to Partner. She has been a valuable asset to our leadership team and has demonstrated great ability in fundraising, business development and ecosystem building over the past eight years. Her direct involvement in the firm’s operations, including developing and leading the ESG performance review of our portfolio alongside the investment team, has played an important role. We are enthusiastic to see her take on an increased leadership position in the team and the ecosystem”, says Andrée-Lise Méthot, Founder and Managing Partner of Cycle Capital.

 

Catherine joined Cycle Capital in 2014. She is responsible for Cycle Capital’s “impact investing” practice, investor relations and public affairs for Cycle Capital’s platform and the accelerator Cycle Momentum. She also leads Cycle Central – a climatetech Innovation Hub. In addition, Catherine sits on the boards of Clean Resource Innovation Network (CRIN) and SWITCH. She is also a Member of CVCA’s Diversity and Inclusion Committee. 

 

Cycle Capital

Cycle Capital is a leading ClimateTech venture capital platform scaling impactful, sustainable innovation. Founded in 2009, Cycle Capital invests across North America, Europe and Asia in growing companies commercializing solutions to the major ecological challenges and contributing to a net-zero transition. Cycle Capital is the founder of Cycle Momentum Accelerator + Innovation Engine. Cycle Capital has developed an ESG and impact assessment methodology integrated into the investment workflow from the pre-investment phase to the exit of the portfolio company. For more information on Cycle Capital, visit: www.cyclecapital.com .

Info

Catherine Bérubé

Partner

[email protected]

+1 514 629-1022

 

Cycle Capital announces the appointment of Ariane Cloutier as CFO

Montreal, December 20th, 2022 – Cycle Capital, a leading ClimateTech venture capital investment platform, announces the appointment of Director of Finance Ariane Cloutier as CFO.

“We are delighted to promote Ariane in this key leadership position. Building on her experience in venture capital and audit, Ariane has demonstrated over the past years great ability and potential to assume her new position. Her direct involvement in the operations of the firm is key for our team and we are enthusiast to see her play an increased leadership role in the team”, says Andrée-Lise Méthot, Founder and Managing Partner of Cycle Capital. “With this transition, Claude and I would also like to warmly thank Natalya for her contribution to the remarkable development of Cycle Capital and wish her success in her future endeavors”.

Ariane joined Cycle Capital in 2019. In her new role, she will be responsible of financial statements, compliance, production and disclosure of financial information and administrative procedures for a total of six funds, as well as the accelerator Cycle Momentum and Cycle Central.

Ariane has more than 10 years of combined experience in venture capital, accounting, audit and consultancy. She spent 7 years at KMPG as an auditor, where she worked with clients in asset management, private investment and renewable energies. During her time there, she took on many other roles including university recruiter and instructor. Ariane moved on to be Director of Finance for a growth capital venture capital fund. She is a certified accountant (CPA) since 2013, holds a bachelor’s degree in business administration and a specialized graduate diploma (DESS) from HEC Montréal.

Cycle Capital
Cycle Capital is a leading ClimateTech venture capital platform scaling impactful sustainable innovation. Founded in 2009, Cycle Capital invests across North America, Europe and Asia in growing companies commercializing solutions to the major ecological challenges and contributing to a net-zero transition. Cycle Capital is the founder of Cycle Momentum Accelerator + Innovation Engine. Cycle Capital has developed an ESG and impact assessment methodology integrated into the investment workflow from the pre-investment phase to the exit of the portfolio company. For more information on Cycle Capital, visit: www.cyclecapital.com .

Info
Catherine Bérubé
Vice President, Sustainability, Investor Relations and Public Affairs
[email protected]
+1 514 629-1022

Cycle Capital announces the appointment of Ricardo Jordan as Associate and Alexandria Papillo as Director of Finance

Montreal, November 22, 2022 – Cycle Capital, a leading ClimateTech venture capital investment platform, announces the expansion of its investment and finance team with the addition of two new resources. 

Ricardo Jordan joins the Investment team as an Associate. Ricardo brings over eight years of experience in cleantech startups, not only at the technology level delivering projects but also in business development and technical sales. Ricardo spent the first few years of his career as a Project Manager at Terragon Environmental Technologies – a Montreal-based company developing novel energy and biochar generation system and wastewater electrochemical treatment systems – where he led the technology implementation efforts in the field.  

Most recently, Ricardo worked as a Business Development Manager at a Peru-based startup, Optima Energía, which focuses on industrial spaces’ digitalization and energy efficiency. In his role, Ricardo worked with clients to identify and develop new business opportunities to maximize energy savings and reduce carbon footprint. 

Ricardo holds a Bachelor’s degree in Mechanical Engineering from McGill University and an MBA from HEC Montreal.  

Alexandria Papillo joins the team as Director of Finance, where she will contribute towards preparing Cycle Capital’s financial statements and assist with accounting and administrative procedures.  

As a CPA Auditor since 2017, Alexandria brings seven years of finance and auditing experience. She previously worked as a Senior Analyst at Gildan, a manufacturing apparel company, for three and a half years in the Financial Planning and Analysis group and External Reporting group. Before Gildan, she worked for nearly four years in Audit and Valuation Services at Deloitte.  

She holds a BA in Accounting and a CPA Auditor title from Concordia University’s John Molson School of Business. 

“Cycle Capital is thrilled to welcome Ricardo and Alexandria – two new talented individuals with unique expertise in technology and finance. Ricardo’s addition to the investment team will bring strong technical and engineering expertise to advance our due-diligence process and investments in innovative ClimateTech startups. Likewise, Alexandria’s financial and auditing background will be valuable for Cycle Capital’s investment team. We received a lot of candidates for these roles and are excited by the knowledge and experience Ricardo and Alexandria bring to the team.” adds Andrée-Lise Méthot, Founder and Managing Partner of Cycle Capital.

Masonite and the Fonds de solidarité FTQ invest in Circular Innovation Fund to scale breakthrough sustainability innovations

Montreal, Paris and Tampa, September 20, 2022 – Masonite International Corporation (“Masonite”) (NYSE: DOOR), the Fonds de solidarité FTQ and a leading in store marketing services provider announced today their investment in the Circular Innovation Fund (“CIF”) – a joint venture between pioneer ClimateTech investors Cycle Capital and Demeter. CIF is a US$150M – €150M impact innovation fund dedicated to scaling circular, sustainable and profitable growth stage companies from North America, Europe and Asia. The fund will positively contribute to climate change mitigation and circular use of resources across various sectors including new materials, packaging, recycling & waste, logistics, eco-efficient processes & design. CIF is an impact innovation fund classified as Article 9 under the EU’s Sustainable Finance Disclosure Regulation.

Masonite was founded in 1925 by William H. Mason, engineer, inventor, and apprentice of Thomas A. Edison, on sustainability principles and a revolutionary process that transformed waste wood from the logging industry into durable pressed hardboard. The company continues to build on its legacy today by developing industry-changing innovations and utilizing recycled and renewable materials to create Doors That Do MoreTM.

The Fonds de solidarité FTQ is the largest development capital fund in the province of Quebec. Through its governance and codes of ethics, the Fonds is a socially responsible investor committed to sustainable economic development where people come first.

  • “We continually seek new ways to incorporate sustainable innovations into our products and operations at Masonite. This strategic investment in CIF is another example of our commitment to caring for the environment while identifying new technologies that can make Masonite an even stronger company.  We are pleased to support this important work to identify and support companies that seek to advance the circular economy.” –  Clare Doyle, Chief Sustainability Officer, Masonite
  • “Our actions must accelerate if we wish to leave the next generations a planet where it will be good to live. We are choosing today what their future will be. This is why the Fonds de solidarité FTQ is committed to reaching $12 billion in assets related to sustainable development within 5 years. This is an ambitious but necessary objective, particularly to fight climate change and ensure a just transition.” – Janie Béique, President & CEO, Fonds de solidarité FTQ
  • “We are very pleased to have among our investors one of our founding Limited Partner, Fonds de solidarité FTQ, which has made a serious commitment to fighting the climate crisis, and a new Limited Partner, Masonite, which has an inspiring history of deploying circular processes for almost a century.”- Andrée-Lise Méthot, Founder & Managing Partner, Cycle Capital
  • “The support of prominent institutional, corporate and private investors confirms Circular Innovation Fund’s vision and momentum. Moreover, the set of North American and European investors matches with the global footprint of our investment strategy.” – Stéphane Villecroze, Co-founder & Managing Partner, Demeter

The Fund is also backed by L’Oreal and a broad range of investors including, strategic investor Axens, family offices including Haltra and Claridge, as well as institutional investors, private investors and the managers.

Masonite
Masonite International Corporation is a leading global designer, manufacturer, marketer and distributor of interior and exterior doors for the new construction and repair, renovation and remodeling sectors of the residential and non-residential building construction markets. Since 1925, Masonite has provided its customers with innovative products and superior service at compelling values. Masonite currently serves more than 7,000 customers globally. For more information on Masonite, visit: masonite.com.

Fonds de solidarité FTQ

The Fonds de solidarité FTQ invests to build a better society by channeling the savings of its 748,371 shareholders into development and risk capital investments to help Québec transition to a green economy, a people-centred world of work, and a healthier society. The Fonds offers businesses unsecured financing and strategic support. With $17.4 billion in net assets as of May 31, 2022, the Fonds has supported 3,620 partner companies and 296,927 jobs. For more information on Fonds de Solidarité FSTQ, visit fondsftq.com.

Circular Innovation Fund

The Circular Innovation Fund (“CIF”) is a global growth stage venture capital fund focused solely on circular innovation. It is a joint venture between leading cleantech capital managers – Montreal-based Cycle Capital and Paris-based Demeter. The fund invests in growth-stage companies from North America, Europe and Asia, developing breakthrough new materials, circular packaging, recycling and waste innovations, logistics, as well as eco-efficient processes & design, and circular business models. For more information on the Circular Innovation Fund, visit: circularinnovationfund.com.

Cycle Capital

Cycle Capital is a leading ClimateTech venture capital platform scaling impactful sustainable innovation. Founded in 2009, Cycle Capital invests across North America, Europe and Asia in growing companies commercializing solutions to the major ecological challenges and contributing to a net-zero transition. Cycle Capital is the founder of Cycle Momentum Accelerator + Innovation Engine. Cycle Capital has developed an ESG and impact assessment methodology integrated into the investment workflow from the pre-investment phase to the exit of the portfolio company. For more information on Cycle Capital, visit: www.cyclecapital.com .

Demeter
Demeter is a major European investment platform dedicated to ecological transition. Demeter has over €1.2 billion under management and has carried out 200 investments since 2005. It invests €1m to €30m to support companies at all stages of development: innovative startups, high growth SMEs and infrastructure projects. Its team of 38 is based in Paris, Lyon, Bordeaux, Grenoble, Metz, Madrid and Düsseldorf. Demeter is a responsible and committed investor, signatory of numerous initiatives such as PRI (Principle for Responsible Investment), CDP (Carbon Disclosure Project), iC20, The Shift Project, and initiatives for gender diversity. All Demeter funds since 2021 are classified “Article 9” under the framework of the new European Sustainable Finance Disclosure Regulation (SFDR). For more information on Demeter, visit: demeter-im.com.

 

Info
Catherine Bérubé
Vice President, Sustainability, Investor Relations and Public Affairs
[email protected]
+1 514 629-1022