Specialist · Montreal, QC
Cycle Capital
Cleantech VC platform managing seven funds across deep tech, circularity and water
- Cheque
- $2M to $15M
- Role
- Can lead a round
- Pace
- Actively deploying
- Kind
- Specialist
- Based in
- Montreal, QC
- Founded
- 2009
- Works in
- EN + FR
- Last deal seen
- August 2026
- Stages
- Seed, Series A, Series B and later
Their thesis, in full
A leading Canadian VC platform dedicated to clean technology, founded in Montreal in 2009 by Andree Lise Methot. Cycle Capital invests as lead from Series A onward in decarbonization, circular economy, agtech and bioproducts, with cheques of $2M to $15M CAD. The platform manages seven funds and $700M CAD, and co-manages the Circular Innovation Fund with Demea Sustainable Investment. The team comprises climate operators deeply embedded in Quebec and European industrial ecosystems, providing strong commercial and policy access for portfolio companies.
What they bring past the cheque
- Climate domain depth
- Industrial LP network
- Scale-up support
- Quebec ecosystem
Questions they usually ask
Have an answer ready for each one before the first call.
- How does Cycle help climate hardware companies bridge from Series A to first commercial deployment?
- Which strategic LPs in the Cycle network can become customers or development partners?
- What follow-on capacity exists across Cycle's seven funds for our trajectory?
Follow-on
With seven funds active, Cycle reserves meaningful capital for follow-ons and deploys cross-fund capacity through later-stage vehicles like the Circular Innovation Fund.
Who to talk to
- Andrée-Lise MéthotFounder and Managing PartnerLinkedIn ↗
- Claude VachetManaging PartnerLinkedIn ↗
- Gerd GoetteSenior Partner, Deep TechLinkedIn ↗
- Mathieu GoudotSenior Partner, Circularity/New MaterialLinkedIn ↗
- Catherine BérubéPartner, Circularity/New MaterialLinkedIn ↗
- Pascal DrouinPartner, Deep TechLinkedIn ↗
- Simon OlivierSenior Partner, Water TechLinkedIn ↗
Portfolio
Names they back, most notable first.
- QuintessentSeries A · 2026
- AON3D2026
- BlumindSeries A · 2025
- Spark Microsystems
- VueReal
- Airex Energy
- MacroCycle
Often in the same rounds
Investors seen alongside them in past rounds.
- Investissement Quebec
- Fondaction
- Fonds de solidarite FTQ
- Teralys Capital
- BDC Capital
- Export Development Canada
- Demea Sustainable Investment
Similar investors
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