
Cycle Capital Management
1000 Sherbrooke St. W Suite 1610, Montréal, QC, H3A 3G4, Canada
Overview
Cycle Capital is a pioneer in Canadian Cleantech venture capital fund management investing in companies at the development and commercialization stages in North America. Founded in 2009 by Andrée-Lise Méthot, Founder and Managing Partner, Cycle Capital’s Platform has become an important venture capital investor of the Cleantech industry with its 3 funds totaling $230M Assets Under Management (AUM). Cycle Capital is looking to invests in promising ventures that are not capital intensive and/or that can benefit from the leverage brought by Cycle Capital extensive network of investors, strategic partners and advisors. In addition to its core investments, Cycle Capital targets companies with high growth potential – especially those with strong intellectual property, leading edge technologies and with exceptional management talent that would benefit from the firm’s network of strategic industrial partners and expert advisors. With its core investment and business expertise, Cycle Capital plays an active role adding meaningful and tangible value to its portfolio companies at all stages of their life.
- Total investments
- 40
- Lead investments
- 18
- Investments · 12mo
- 1
- Active investors
- 8
Sector focus
- Finance
- Financial Services
- Venture Capital
Investment portfolio
- SPARK Microsystems
Participated · Series B · Mar 2026
SPARK Microsystems designs and develops next-generation short-range wireless communication devices using its patented LE-UWB™ technology, targeting consumer, industrial and medical applications. The company emphasizes ultra-low-power, high-speed connectivity with strong interference robustness and very low latency, and its technology supports ranging and positioning as well as data communication. SPARK cites use cases including wearables, peripherals, tags, sensors and other IoT-connected devices. The firm participates in Canada’s FABrIC initiative and is collaborating with Motsai, Bittele Electronics and C2MI for design, prototyping and manufacturing. SPARK was awarded a CAD $1 million FABrIC grant from the Government of Canada to support product development under the IoT Device Challenge. The article does not provide revenue, user, or valuation metrics.
- Blumind
Led · Series A · Apr 2025
Blumind is a Canadian deep‑tech AI start‑up based in Ottawa developing ultra‑low‑power all‑analog AI compute semiconductors, software and data‑driven system solutions. Its AMPL™ analog AI technology is designed to dramatically reduce power consumption and latency for always‑on AI applications; Blumind says its products consume up to 1000x lower power than available alternatives and use standard CMOS process technology. The company is commercializing a first‑generation AI processor for processing real‑time sensor data and is accelerating design of next‑generation analog AI chips for vision and large language model inferencing. Blumind plans to expand engineering and development teams, accelerate chip design and production, and support existing tier‑1 lead customers while establishing strategic partnerships. The company recently closed a C$20M Series A and is keeping the round open as it engages with strategic investors to further scale operations and commercialization efforts. CEO and co‑founder Niraj Mathur said the funding will help rapidly scale the business and bring efficient, low‑latency AI to the edge.
- Sonocharge Energy
Led · Equity · Jan 2025
Sonocharge Energy develops a platform that uses acoustic-wave induced electrolytic motion to improve charging performance, extend cycle life, and enhance safety in lithium‑ion batteries. The company positions its solution as a reduced‑cost approach for e‑mobility and various energy storage applications. Recent customer-funded lab tests reportedly showed significantly improved battery performance using Sonocharge's technology. The company plans to use the new funding to advance core R&D, grow its team in a new Silicon Valley location, and optimize solutions with customers for specific use cases. Sonocharge is accelerating commercial deployment with key EV and battery manufacturers to extend range and performance. The company emphasizes scalability and commercialization as near-term priorities.
- watttron
Participated · Series B · Apr 2024
watttron develops digital temperature control systems and sustainable packaging technology that give customers a full understanding and control over their thermal processes. The company was founded at the Institute of Natural Materials Technology of the Technical University of Dresden and the Fraunhofer Institute for Process Engineering and Packaging Dresden. It is led by CEO Marcus Stein. watttron raised €12m in a Series B and intends to use the funds to expand operations and accelerate development efforts. The financing involves investors focused on circular economy and bioeconomy themes, supporting the company’s growth in sustainable packaging and process control.
- Fibracast
Led · Series A · Oct 2023
Fibracast develops and manufactures innovative membrane technologies and systems for advanced water and wastewater treatment, including its FibrePlate membrane. The company serves municipal, industrial, institutional, commercial and developer clients worldwide. Its membranes are used to meet strict regulatory standards, including reuse. Fibracast says its FibrePlate technology increases filtration performance, reduces energy consumption and lowers GHG emissions. The company closed a $44.6 million financing and will use the capital to increase manufacturing capacity, expand its technology platform and build its marketing team. The board will be revamped to reflect institutional participation and to increase the number of independent directors. Fibracast develops and manufactures the FibrePlate hybrid membrane filtration technology, combining features of hollow-fiber and flat-plate membranes to improve robustness, performance, space efficiency and lower cost. The company aims to commercialize FibrePlate across wastewater treatment plants in North America, Europe and Asia and to accelerate commercial-scale production in Ontario. Under the project it planned to lease facilities in Southern Ontario to meet production targets of 750,000 m² of membrane material by 2016 and up to 2 million m² by 2018. Fibracast is a member of the Anaergia group and was founded in 2010 by a team of water-technology veterans. The company expected the project to create 64 new specialized full-time jobs and to maintain 15 specialized full-time positions. The announced funding is intended to accelerate commercialization and scale-up of its manufacturing capacity.