Cycle Capital is a venture capital firm founded in 2009 and headquartered in Montreal, with offices in Toronto and Qingdao. Recognized as Canada’s largest private cleantech venture capital platform, the firm manages nearly CA$600 million across six seed and growth stage funds. Operating internationally across North America, Europe and Asia, Cycle Capital supports entrepreneurs and companies developing solutions for ecological challenges. Through strategic equity and quasi-equity investments, the firm aims to build companies that deliver measurable environmental and societal benefits.
Cycle Capital’s investment philosophy centers on clean and climate technologies that reduce greenhouse gas emissions and optimize resource use. Each opportunity undergoes rigorous impact analysis based on international standards, including Environmental, Social and Governance criteria, PRI principles and Task Force on Climate-related Financial Disclosures recommendations. The firm aligns its portfolio with United Nations Sustainable Development Goals and measures progress through independent emissions assessments. Affiliated initiatives include the Cycle Momentum accelerator, which provides workshops, mentorship and networking, and the Circular Innovation Fund, focused on circular economy solutions. Cycle Central, a community space for collaboration, and the annual ClimateTech Innovation Forum foster dialogue between investors, entrepreneurs and industry experts.
Clean energy and advanced battery technologies are a core focus for Cycle Capital. The firm backs companies developing distributed storage, electric mobility and utility-scale solar and wind integration. Investments target innovations in battery chemistry, next-generation cells and energy efficiency systems that enhance performance and reduce lifecycle impact. In January 2025, Cycle Capital led a CA$31 million round for Sonocharge Energy, whose acoustic wave process boosts lithium-ion battery life, charging speed and safety. By supporting technologies that enable reliable, low-carbon power across sectors, the firm contributes to a sustainable energy future.
