Cycle Capital is a Montreal-based venture capital firm founded in 2009 that invests in cleantech and climate-tech companies across North America and Europe. The firm manages a platform of seven funds and partners with entrepreneurs building innovative, sustainable clean technology companies.
32% of their portfolio is in Climate & Energy. Deal activity decreased year-over-year (2 deals in the last 12 months vs 4 prior). Average disclosed round size is $21.7M (across 25 rounds with reported amounts).
Portfolio
28
Fund Size
—
Top Stage
Series B
Last 12 Mo
2
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
34 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Spark Microsystems | Series B | $17M | Mar 2026 |
 AON3D | Seed | — | Jan 2026 |
 Blumind | Series A | — | Apr 2025 |
 IONATE | Series A | — | Feb 2025 |
 VueReal | Series C | $40.5M | Feb 2025 |
 Sonocharge | Growth | $23.5M | Jan 2025 |
| VueReal | Series C | $40.5M | Jan 2025 |
 IONATE | Series A | $17M | Jan 2025 |
 Polystyvert | Series B | $16M | Jul 2024 |
 Watttron | Series B | — | Mar 2024 |
 Nuventura | Series A | — | Sep 2023 |
| MMinesense Technologies Ltd | Series E | $42M | Dec 2022 |
 Enerkem | Growth | — | Jan 2022 |
| MMinesense Technologies Ltd | Series E | — | Jan 2022 |
 Cybrexa | Series B | $13.4M | Jun 2019 |
| IInocucor | Series B | $9.5M | Jan 2018 |
| AAgrisoma BioSciences Inc. | Series B | $15.4M | Apr 2017 |
 Agrisoma | Series B | $15.4M | Apr 2017 |
 Bus.com | Series A | $15M | Apr 2017 |
| MMinesense Technologies Ltd | Series C | $19M | Jan 2017 |
 Local Logic | Unknown | $1.1M | Jan 2017 |
 GreenMantra | Unknown | $5.5M | Jun 2016 |
 GaN Systems | Series C | $20M | May 2015 |
 Blue World Technologies | Unknown | — | — |
 Fibracast | Series A | $44.6M | — |
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Top Co-Investors
Export Development Canada7 shared
Desjardins Capital5 shared
Chrysalix Venture Capital5 shared
Prelude Ventures4 shared
BDC Capital3 shared
Real Ventures3 shared
Evok Innovations3 shared
TDK Ventures3 shared
Honda2 shared
Khosla Ventures2 shared
Y Combinator2 shared
IQ Capital2 shared
Antares Ventures2 shared
Zero Carbon Capital2 shared
JGC MIRAI Innovation Fund2 shared
AlbionVC2 shared
GG12 shared
Last updated: 27 September 2026