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    Cycle Capital

    Montreal, CanadaFounded 2009
    cyclecapital.comLinkedIn
    Climate & EnergyManufacturing

    Cycle Capital is a venture capital firm focused on investing in clean technology and sustainable innovation across North America and Europe. Their strategy involves providing venture and growth capital to companies developing technologies that contribute to climate change mitigation, enable a net-zero transition, reduce greenhouse gas emissions, and optimize resources and processes, with a strong emphasis on impact and high growth potential.

    75% of their portfolio is in Climate & Energy. Deal activity decreased year-over-year (1 deals in the last 12 months vs 2 prior). Their most common stage is series-a (50% of deals). Average disclosed round size is $21.8M (across 3 rounds with reported amounts).

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    Portfolio

    4

    Fund Size

    $700M

    Top Stage

    Series A

    Last 12 Mo

    1

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    4 investments
    CompanyRoundAmountDate
    AON3D logoAON3DUnknown—Jan 2026
    IONATE logoIONATESeries A$17MFeb 2025
    Sonocharge Energy logoSonocharge EnergyGrowth$23.5MJan 2025
    Nuventura logoNuventuraSeries A$25MSep 2023

    Top Co-Investors

    FORWARD.one1 shared
    European Innovation Council (EIC)1 shared
    IBB1 shared
    Mirova1 shared
    AlbionVC1 shared
    In-Q-Tel1 shared
    Antares Ventures1 shared
    IQ Capital1 shared
    Zero Carbon Capital1 shared
    JGC MIRAI Innovation Fund1 shared
    Khosla Ventures1 shared
    Temasek Holdings1 shared
    Honda1 shared
    Desjardins Capital1 shared
    SineWave Ventures1 shared
    IronGate Capital Advisors1 shared
    EDC1 shared

    Last updated: 7 April 2026