Cycle Capital’s Senior Partner Shirley Speakman named one of the 2019 Clean16

Montreal, September 27, 2018 – Cycle Capital, Canada’s most active cleantech venture capital firm, congratulates its Senior Partner Shirley Speakman for being named on the prestigious incoming 2019 Clean16. This honour recognizes the contribution of leaders to Canada’s future prosperity by leading sustainability and clean capitalism in the country.

“Shirley has extensive experience in venture capital, portfolio management and sourcing of the best cleantech companies. This nomination is therefore a great mark of appreciation of the leading role she plays in the Canadian cleantech ecosystem and brings honour to Cycle Capital. As one of the few women in venture capital, we hope Shirley’s nomination will inspire more young women to pursue careers in this field,” says Andrée-Lise Méthot, Founder and Managing Partner of Cycle Capital Management, named on the 2012 and 2017 Clean16 lists.

“The Clean16 are truly the leaders of the leaders in sustainability in Canada. Shirley’s leadership role in cleantech investing has attracted international capital to Canada and ensured that Canadian technologies that positively impact the environment reach their global potential. Her efforts have directly contributed to the creation and growth of some of Canada’s most environmentally impactful companies reducing waste, chemicals and energy,” adds Gavin Pitchford, CEO, Delta Management Group.

Canada’s Clean50 Awards are announced annually by Delta Management Group and the Clean50 organization to recognize those 50 individuals or small teams, from 16 different categories, who have done the most to advance the cause of sustainability and clean capitalism in Canada over the past 2 years. Delta’s criteria in determining Honourees is to carefully consider actual measurable accomplishments, demonstrated innovation, collaboration with other organizations, and the power of the Honouree’s contribution to inspire other Canadians to take similar action.

About Delta Management Group and Canada’s Clean50
Delta Management Group is the leading sustainability and clean tech search firm and remains the steward of the Canada’s Clean50 awards, founded in 2011, to annually identify, recognize and connect 50 sustainability leaders from every sector of Canadian endeavor, in order to facilitate understanding, collaboration and innovation in the fight to keep climate change impacts below 1.5 degrees. Ancillary awards also recognize 10 Emerging Leaders and the Top 20 Sustainability Projects of the year. For more information on Canada’s Clean50, visit: www.clean50.com.

Cycle Capital Management
Cycle Capital Management (CCM) is an impact investor and Canada’s most active cleantech venture capital firm. With offices in Montreal, Toronto and Qingdao, in continental China, and a presence in New York and Seattle, CCM has more than $350M in AUM (assets under management) and invests in companies at the development and growth stages that commercializes clean technologies striving to reduce greenhouse gas emissions, optimizing resource use and improving process efficiency throughout North America.

CCM regroups seasoned investment professionals, strategic advisors and industrial partners with in-depth knowledge of the sector. The firm has a special relationship with its strategic partners, notably Brookfield Renewable Energy, Rio Tinto, Cascades, Group M3, Lonza, Gaz Métro, Systemex Énergies, Aluminerie Alouette and Hydro-Québec. For more information on Cycle Capital Management, visit: www.cyclecapital.com .

Info
Catherine Bérubé
Head of communications and public relations
[email protected]
+1 514 629-1022

Gavin Pitchford
CEO, Delta Management Group
[email protected]
+1 416-925-2005 x 2300

Andrée-Lise Méthot named Officer of the Ordre national du Québec

Hélène Bouffard, photograph

Montreal, June 22, 2018 – Cycle Capital Management’s team congratulates its Founder and Managing Partner Andrée-Lise Méthot for her nomination as Officer of the Ordre national du Québec – the most prestigious honour awarded by the Quebec government. Andrée-Lise received this recognition from the Quebec’s Premier’s hands today for her important contribution to the creation of an ecosystem favourable to clean technologies in Quebec.

Andrée-Lise is the Founder and Managing Partner of Cycle Capital Management. In less than 10 years, this investment platform has closed 5 funds and has become the most important cleantech venture capital fund manager with $385M in AUM. To this day, Cycle Capital has invested more than $150M which triggered more than $1B in co-investments in its portfolio companies. Mrs. Méthot has also founded the Ecofuel Accelerator and cofounded the Ecofuel Fund, Écotech Québec and Alliance SWITCH.

She also co-Chaired the United Nations Environment Program’s Task Force on the Social Life Cycle Assessment (SLCA). She is a member of numerous Boards, including Sustainable Development Technology Canada and Transition énergétique Québec. She is also a member of the Bloomberg’s New Energy Pioneers’ jury and of the Cleantech Group’s advisory committee.

In 2018, Andrée-Lise has received tribute awards from the Association des femmes en finance du Québec (AFFQ) and the Ordre des ingénieurs du Québec (OIQ). Her leadership was also previously recognized by CleanTechnica et Corporate Knights.

The Ordre national du Québec
Every year, since 1985, the Premier of Québec pays tribute to exceptional individuals who, through their achievements, values and ideals, have influenced Québec’s growth and contributed to its renown. He awards them the prestigious titles Knight, Officer and Grand Officer of the Ordre national du Québec.

Cycle Capital Management
Cycle Capital Management (CCM) is an impact investor and Canada’s most active cleantech venture capital firm. With offices in Montreal, Toronto and Qingdao, in continental China, and a presence in New York and Seattle, CCM has more than $350M in AUM (assets under management) and invests in companies at the development and growth stages that commercializes clean technologies striving to reduce greenhouse gas emissions, optimizing resource use and improving process efficiency throughout North America.

CCM regroups seasoned investment professionals, strategic advisors and industrial partners with in-depth knowledge of the sector. The firm has a special relationship with its strategic partners, notably Brookfield Renewable Energy, Rio Tinto, Cascades, Group M3, Lonza, Gaz Métro, Systemex Énergies, Aluminerie Alouette and Hydro-Québec. For more information on Cycle Capital Management, visit: www.cyclecapital.com .

Info
Catherine Bérubé
Head of communications and public relations
[email protected]
+1 514 629-1022

Cycle Capital Management names Shirley Speakman Senior Partner

Montreal, March 22, 2018 – Andrée-Lise Méthot, Founder and Managing Partner of Cycle Capital Management, Canada’s most active cleantech venture capital investment platform, is pleased to announce the appointment of Shirley Speakman to the position of Senior Partner.

“In combination with her almost 20 years of corporate finance and venture capital experience Shirley’s ability to get behind the numbers, find the best entrepreneurs and most compelling companies in the market, represents a key asset for Cycle Capital,” said Andrée-Lise Méthot. “Her nomination consolidates the gender parity of our partnership.”

“I am truly honoured to be able to contribute to the development of Cycle Capital’s investment platform and to continue helping entrepreneurs benefit from our expertise in helping to build great companies in the cleantech sector,” stated Shirley Speakman.

Before joining Cycle Capital Management in 2014, Shirley worked in corporate finance advising mid to large enterprises. During this time, she participated in corporate finance transactions with a cumulative value of over $100 million at Ernst & Young Corporate Finance. She supported the creation by RBC Ventures of an early stage seed fund which raised $40 million on its first close (VIMAC/MMC) and advised RBC Ventures’ seed investment funds in structuring and negotiating investments. As a director for the Investment Accelerator Fund, a $40 million seed and early stage investment fund focused on investing in high potential technology-based companies in Ontario managed by MaRS, she was responsible for sourcing, vetting and managing investments.

Shirley holds a MBA from Wilfrid Laurier University, a Bachelor of Economics and Management Studies from the University of Waterloo and an ICD.d from the University of Toronto’s Rotman School of Business.

About Cycle Capital Management
Cycle Capital Management (CCM) is an impact investor and Canada’s most active cleantech venture capital firm. With offices in Montreal, Toronto and Qingdao, in continental China, and a presence in New York and Seattle, CCM has more than $350M in AUM (assets under management) and invests in companies at the development and growth stages that commercializes clean technologies striving to reduce greenhouse gas emissions, optimizing resource use and improving process efficiency throughout North America.

CCM regroups seasoned investment professionals, strategic advisors and industrial partners with in-depth knowledge of the sector. The firm has a special relationship with its strategic partners, notably Brookfield Renewable Energy, Rio Tinto, Cascades, Group M3, Lonza, Gaz Métro, Systemex Énergies, Aluminerie Alouette and Hydro-Québec. For more information on Cycle Capital Management, visit: www.cyclecapital.com .

Info
Catherine Bérubé
Head of communications and public relations
[email protected]
+1 514 629-1022

Cycle Capital Management and Demeter, leading venture capital investors in the ecological and energy transition sectors, announce a cooperation agreement

Montreal and Paris, February 13, 2018 – Cycle Capital and Demeter have signed a cooperation agreement aimed at reinforcing their sectoral expertise and understanding of the global issues at stake in the ecological and energy transition markets. This agreement constitutes an additional asset for their investors and entrepreneurs.

For Andrée-Lise Méthot, Founder and Managing Partner at Cycle Capital: “The transition to clean energies is driving the development of new technologies, on international markets. This cooperation agreement will enable our investors and portfolio companies to benefit from an even wider network of strategic international professionals and our organizations to fully leverage our respective strengths.”

For Stéphane Villecroze, Managing Partner at Demeter: “We are delighted with this cooperation agreement between our two management companies which share a common vision and culture. Our primary objective is to enable the emergence of the future champions of the ecological and energy transition markets which are entering a new operational dimension.”

This cooperation agreement will share expertise in the energy transition sector, performance goals, a culture of responsibility and commitment as investors as well as proven experience in actively supporting entrepreneurs. Demeter and Cycle Capital are looking forward to growing asset value, sharing human capital and eventual co-investment opportunities.

Demeter has just been selected by the City of Paris to set up and manage the Paris Green Fund, a territorial growth investment fund financing innovative and fast-growing SMEs for sustainable cities.

About Cycle Capital Management
Cycle Capital Management (www.www.cyclecapital.com ) is an impact investor and the most active cleantech venture capital investment platform in Canada. With offices in Montreal, Toronto and Qingdao, in mainland China, and a presence in New York and Seattle, Cycle Capital holds more than $350M under management and invests across North America and China in mid-market companies that have developed technologies to reduce greenhouse gas emissions and optimize resource use and processes.

About Demeter
Demeter (www.demeter-im.com) is a major European player in private equity for ecological and energy transition. Its funds invest from €500K to €30M to support companies in this sector at all stages of their development: innovative startups, fast-growing SMEs and midcaps companies as well as infrastructure projects. Demeter’s team, which includes 33 people based in Paris, Grenoble, Metz and Madrid, manages €1B and has completed 120 investments in 12 years.

 

Catherine Bérubé
Head of communications and public relations, Cycle Capital Management
[email protected]
+1 514 629-1022

Sandra Markovic Da Rocha
Demeter
+33 1 43 12 53 44
[email protected]

 

Cycle Capital Management announces the appointment of Pascal Drouin as Junior Partner

Montréal, January 11, 2018 – André-Lise Méthot, Founder and Managing Partner of Cycle Capital Management, Canada’s most active cleantech venture capital investment platform, is pleased to announce the appointment of the current Principal, Pascal Drouin, as junior partner.

“The skills and experience gained by Pascal over the years allowed him to build a strong expertise in portfolio management, risk management as well as financial analysis and modeling. Thanks to his commitment in seeing companies in our portfolio succeed and his team spirit, Pascal is a valuable asset for Claude Vachet and I and a great addition to the partner’s team,” says André-Lise Méthot.

“To join Cycle Capital’s seasoned team of partners is a great recognition and I am eager to keep on working with the entrepreneurs in order to create value for their companies and be able to contribute in an even more active way to the development of our international investment platform,” adds Pascal Drouin, Junior Partner at Cycle Capital.

Pascal Drouin originally joined the Cycle Capital team in 2013 as the Principal, position he held up to today. He has over ten years of experience in various roles, including portfolio and risk management.
Before joining Cycle Capital, Pascal Drouin was a financial analyst for Multiple Capital, role for which he was involved in multiple investment cases covering different sectors, including high-tech, information technology and biotech. He then shifted to the corporate credit field by joining GE Capital, where he was responsible for the development and the implementation of credit score models for their Canadian portfolio. Pascal graduated from HEC Montreal with a Bachelor in business administration and a Master of Science (M.Sc.) in management.

About Cycle Capital Management
Cycle Capital Management (CCM) is an impact investor and the most active cleantech venture capital firm in Canada with more than $350M AUM (assets under management). With offices in Montreal, Toronto and Qingdao, in continental China, and a presence in New York and Seattle, CCM invests in companies at the development and growth stages that commercializes clean technologies striving to reduce greenhouse gas emissions, optimizing resource use and improving process efficiency throughout North America.

CCM regroups seasoned investment professionals, strategic advisors and industrial partners with in-depth knowledge of the sector. The firm has a special relationship with its strategic partners, notably Brookfield Renewable Energy, Rio Tinto, Cascades, Group M3, Lonza, Gaz Métro, Systemex Énergies, Aluminerie Alouette and Hydro-Québec. For more information on Cycle Capital Management, visit: www.cyclecapital.com .

 

Catherine Bérubé
Head of communications and public relations
[email protected]
+1 514 629-1022

 

Haier-Ririshun Lejia closes 50M RMB investment from Qingdao Chengtou Haisi Cycle Equity Investment Fund

BEIJING, CHINA – December 8, 2017 – Haier-Ririshun Lejia, an affiliate of Haier, China’s leading consumer electronics and home appliances company, announced today it has received a 50M RMB funding from Qingdao Chengtou Haisi Cycle Equity Investment Fund (Qingdao Haisi Cycle Fund). Haier-Ririshun Lejia is a provider of integrated, technology-enabled solutions to e-commerce service providers and consumers to improve last mile package delivery and extended warranties.

Qi Yunshan, Vice President of Haier Electronics Group and the Chairman of Haier-Ririshun Lejia, announced the funding in the presence of Xing Luzheng, Chairman of the Qingdao City Construction Investment Group and Andrée-Lise Méthot, Founder and Managing partner of Cycle Capital Management. The Honourable Catherine McKenna, Minister of the Environment and Climate Change of Canada and Chen Liang, Director General of Foreign Economic Cooperation Office at the Ministry of Environmental Protection also witnessed the announcement.

The 50M RMB funding is the first investment of the newly established Qingdao Haisi Cycle Fund, a 600 M RMB industrial hi-tech venture capital fund that invests in technology-focused growth stage companies in China and North America that stand to benefit from cross-border collaboration. This investment will enable the development of an efficient and customized package delivery and service platform serving large network of locations and communities across China and addressing critical logistics and supply bottlenecks in e-commerce product delivery.

“We’re very proud that the first investment of the Qingdao Haisi Cycle Fund – a joint venture between Cycle Capital Management with Qingdao City Construction Investment Group, is in Haier-Ririshun Lejia, alongside Haier Group. By leveraging our financial and strategic resources, we are well positioned to support the management team and add value to the company through providing complementary technology connections, business strategy and expansion of market reach, including cross-boarder opportunities,” said Andrée-Lise Méthot, Founder and Managing Partner of Cycle Capital Management. “We also believe this investment will serve as a foundation for broadening collaboration with electronics and home appliances giant Haier Group in emerging technologies, global business acceleration and new initiatives.”

“This funding not only provide new capital to deploy our activities and services throughout China. With both Chinese and a North American investor on board, this funding is a clear demonstration that the technology we’ve developed has a great potential on global markets – a very important seal of approval for Haier-Ririshun Lejia” said Qi Yunshan, Vice President of Haier Electronics Group and the Chairman of Haier-Ririshun Lejia.

About Haier-Ririshun Lejia
Haier-Ririshun Lejia is an integrated service brand of Haier Group, the world’s leading home appliance provider. Haier-Ririshun Lejia is a specialized cluster service platform that aims to be a leading platform in post E-commerce era while Haier Group’s mission is to create innovative home appliances that anticipate the fast-changing needs of consumers all around the world.

About Qingdao City Construction Investment Group
Established in 2008, Qingdao City Construction Investment Group (Chengtou) is wholly owned by Qingdao municipal government and has total assets of 150 B RMB. In order to serve Qingdao’s strategic goal of developing a livable, auspicious and energetic metropolis, Chengtou engages in infrastructure construction, land and property development and investment, solar power generation, healthcare and environmental protection industries, financial services, international capital management, basic materials trading and education via 128 tertiary subsidiaries.

Chengtou plays a significant role in the economic development of Qingdao and has been innovative to improve market-oriented modes of operation in order to turn government resources into enterprises assets, enterprises assets into social capital, and social capital into enterprises capital. It has introduced a number of well-known state-owned key enterprises and municipal supporting units to accelerate the integration and development of land resources enhance land value and achieve win-win development.

About Cycle Capital Management
Cycle Capital Management (CCM) is an impact investor and the most active cleantech venture capital firm in Canada with almost $400M AUM (assets under management). With offices in Montreal, Toronto and Qingdao, and a presence in New York and Seattle, CCM invests in companies at the development and commercialization stages that commercializes clean technologies striving to reduce greenhouse gas emissions, optimizing resource use and improving process efficiency throughout North America.

CCM regroups seasoned investment professionals, strategic advisors and industrial partners with in-depth knowledge of the sector. The firm has a special relationship with its strategic partners, notably Brookfield Renewable Energy, Rio Tinto, Cascades, Group M3, Lonza, Gaz Métro, Systemex Énergies, Aluminerie Alouette and Hydro-Québec. For more information on Cycle Capital Management, visit: www.cyclecapital.com .

 

Catherine Bérubé
Head of communications and public relations
[email protected]
+1 514 629-1022

 

Qingdao Chengtou Haisi Cycle Equity Investment Fund closes 600 Million RMB industrial hi-tech Fund

BEIJING, CHINA – December 8, 2017 – Qingdao City Construction Investment Group (Chengtou) and Cycle Capital Management, Canada’s leading cleantech venture capital platform, announced today the first closing of the Qingdao Chengtou Haisi Cycle Equity Investment Fund (Qingdao Haisi Cycle Fund), in the presence of the Honorable Catherine McKenna, Canada’s Minister of Environment and Climate Change and Chen Liang, Director General of Foreign Economic Cooperation Office at the Ministry of Environmental Protection.

A New Industrial Investor in the global venture capital ecosystem
The Qingdao Haisi Cycle Fund, a 600 M RMB industrial hi-tech venture capital fund, will play an important role in the global funding ecosystem by investing growth stage capital in industrial technology startups in China, Canada and North America, and leveraging China and Canada’s forces. As a new investment vehicle, the Qingdao Haisi Cycle Fund therefore embodies a collaboration between two major players at the forefront of developing innovative, technology-enabled solutions to major global challenges such as industry dislocations and climate change.

“The environment and the economy go together. We know that private investments, like the one announced today, will drive the transition to the low carbon economy and are important in helping accelerate clean growth,” said the Honorable Catherine McKenna, Minister of Environment and Climate Change of the Government of Canada.

“Through this joint endeavor with Chengtou, Cycle Capital aims at fostering the development of high potential innovative businesses across China, Canada and North America. By building a bridge, we will be able to provide better access to capital and strategic resources to the startups – key elements to enable the emergence of disruptive technologies by flagship businesses that are competitive in the global market,” said Andrée-Lise Méthot, Founder and Managing Partner of Cycle Capital Management. “From a Canadian and North American perspective, this partnership will provide interesting opportunities for Cycle Capital’s portfolio companies wishing to expand and invest in China.

The Qingdao Haisi Cycle Fund is already operating and has made its first investment of 50M RMB in Haier-Ririshun Lejia, which provides an integrated technology-enabled, delivery platform to both service providers and the user community, with efficient and customized solutions. Haier-Ririshun Lejia is an affiliate of Haier, a technological leader in consumer electronics and appliances based in Qingdao. The Qingdao Haisi Cycle Fund is actively evaluating a rich pipeline of investment opportunities and welcomes inquiries and collaboration with entrepreneurs and co-investors.

About Qingdao City Construction Investment Group
Established in 2008, Qingdao City Construction Investment Group (Chengtou) is wholly owned by Qingdao municipal government and has total assets of 150 B RMB. In order to serve Qingdao’s strategic goal of developing a livable, auspicious and energetic metropolis, Chengtou engages in infrastructure construction, land and property development and investment, solar power generation, healthcare and environmental protection industries, financial services, international capital management, basic materials trading and education via 128 tertiary subsidiaries.

Chengtou plays a significant role in the economic development of Qingdao and has been innovative to improve market-oriented modes of operation in order to turn government resources into enterprises assets, enterprises assets into social capital, and social capital into enterprises capital. It has introduced a number of well-known state-owned key enterprises and municipal supporting units to accelerate the integration and development of land resources enhance land value and achieve win-win development.

About Cycle Capital Management
Cycle Capital Management (CCM) is an impact investor and the most active cleantech venture capital firm in Canada with almost $400M AUM (assets under management). With offices in Montreal, Toronto and Qingdao, and a presence in New York and Seattle, CCM invests in companies at the development and commercialization stages that commercializes clean technologies striving to reduce greenhouse gas emissions, optimizing resource use and improving process efficiency throughout North America.

CCM regroups seasoned investment professionals, strategic advisors and industrial partners with in-depth knowledge of the sector. The firm has a special relationship with its strategic partners, notably Brookfield Renewable Energy, Rio Tinto, Cascades, Group M3, Lonza, Gaz Métro, Systemex Énergies, Aluminerie Alouette and Hydro-Québec. For more information on Cycle Capital Management, visit: www.cyclecapital.com .

 

Catherine Bérubé
Head of communications and public relations
[email protected]
+1 514 629-1022

 

ESS Inc. raises $13 million from investor group to drive company expansion and development of its energy storage systems

PORTLAND, OREGON – December 12, 2017 – ESS Inc., the leading manufacturer of safe, low-cost and long-duration flow energy storage systems, announced that it has received $13 million in new Series B funding. The round includes new investors led by global chemical industry leader BASF, as well as Cycle Capital Management, Presidio Partners Investment Management and InfraPartners Management. They were joined by ESS’s original investors, including Pangaea Ventures.

The new funding will be used to expand and automate the manufacturing process of the company’s iron flow battery, the Energy Warehouse™. Leveraging the capital efficiency of the product’s advanced technology, the investment will enable 900 MWh per year production capacity. It will also support the company’s business development activities with system integrators and strategic partners, creating a stronger ecosystem for promoting its clean, low-cost, long-duration energy storage solution.

“BASF is committed to supporting new energy technologies that can transform businesses and communities by adding flexibility, expanding use of renewable sources, and building a sustainable future,” said Markus Solibieda, Managing Director, BASF Venture Capital. “After conducting extensive research across a range of battery technologies, designs and developers, we’ve concluded that ESS offers a superior combination of low-cost, clean, safe and long-life chemistry; scalable architecture, and management experience.”

Andrée-Lise Méthot, Founder and Managing Partner at Cycle Capital Management, commented: “We invest in companies that have talented management teams, who are leading the development of advanced technology for a sustainable global future. Based on an in-depth review of a wide variety of existing solutions, we invested in ESS because they have the cleanest and the best low-cost energy storage solution on the market. This solution meets real-world needs with highly favorable economics. We believe they are well positioned for rapid expansion.”

“This investment underscores the strength of our technology, its value in the large, high-growth energy storage market, and our ability to execute strategically,” said Craig Evans, founder and CEO of ESS Inc. “Customers are seeking cleaner, higher-performing alternatives to lithium-ion that can provide scalable, long-life, longer-duration storage – and in combination with renewables, achieve economic parity with conventional generation. ESS’s safe, low-cost, and sustainable all-iron flow battery is the ideal solution.”

Cycle Capital Management welcomes CDPQ’s new investment strategy on climate change

Montreal, October 19th, 2017 – Cycle Capital Management, Canada’s leading cleantech venture capital platform, welcomes the Caisse de dépôt et placement du Québec’s (CDPQ) investment strategy on climate change announced yesterday. With this commitment, CDPQ, one of Cycle Capital’s investor, not only set ambitious targets and concrete actions in the fight against climate change, but also takes a lead position as an investor in the transition to a low carbon economy.

“It is an important and clear message CDPQ is sending to all the major assets managers worldwide. With a $8 billion increase in low carbon investments, CDPQ, already an important investor in renewable energy, sends a strong signal that climate change is already affecting our economy and we need to invest in clean technologies to tackle this issue. This strategy also demonstrates low carbon investments generate significant and profitable investment opportunities,” said Andrée-Lise Méthot, Founder and Managing Partner of Cycle Capital Management.

This new investment strategy will factor climate change in every investment decision through the entire CDPQ’s portfolio. It will also increase CDPQ’s low carbon investments by 50% by 2020 and reduce its carbon footprint by 25% per dollar invested by 2025.

About Cycle Capital Management

Cycle Capital Management (CCM) is an impact investor and the most active cleantech venture capital firm in Canada. CCM invests in companies developing and commercializing clean technologies and striving to reduce greenhouse gas emissions, optimizing resource use, and improving process efficiency throughout a product’s life cycle.

With assets under management of $230M, CCM invests in North America. Headquarted in Montreal with offices in Toronto, New York, Seattle and Qingdao in China, CCM regroups seasoned investment professionals, strategic advisors and industrial partners with in-depth knowledge of the sector. Cycle Capital Management has a special relationship with its strategic partners, notably Brookfield Renewable Energy, Rio Tinto, Cascades, Group M3, Lonza, Gaz Métro, Systemex Énergies, Aluminerie Alouette, and Hydro-Québec. For more information on Cycle Capital Management, visit: www.cyclecapital.com .

 

Catherine Bérubé
Head of communications and public relations
[email protected]
+1 514 629-1022

 

Provincial Budget: Cycle Capital welcomes the government’s support to foster a dynamic venture capital industry in Quebec

Quebec City, Tuesday, March 28, 2017 – Cycle Capital Management, the most seasoned and active cleantech venture capital firm in Canada welcomes the support of the Gouvernement du Québec to foster a dynamic venture capital industry in Quebec, as part of the 2017 provincial budget.

Notably, Cycle Capital welcomes the Gouvernement du Québec’s support to the venture capital companies planning to qualify for the Venture Capital Catalyst Initiative – a $400M fund created through Business Development Bank of Canada (BDC) to increase late-stage venture capital available to companies for their expansion, notably in the cleantech sector. This fund could act as a catalyst to establish a low-carbon economy in Quebec. Cycle Capital’s portfolio companies could directly benefit from this fund.

“Venture capital is a key element in the cleantech innovation development. The creation of a new fund will fill some of the gaps of the cleantech financing chain, help develop a performing VC industry in this sector in Quebec and build flagship companies,” says Andrée-Lise Méthot, founder and Managing Partner of Cycle Capital Management. “With its support to the launch of this fund, the government reiterates its commitment to the establishment of a prosperous green economy in Quebec by accelerating the development of globally competitive cleantech companies,” added Ms Méthot.

The government also announces significant investments in public transit projects, the broadening of the ethanol production refundable tax credit, a $4.4M investment to create an industrial electric and smart vehicle cluster and a $60M investment to develop, transfer and commercialize innovations. These measures aim to build a greener economy in Quebec.

About Cycle Capital Management

Cycle Capital Management is the most active cleantech VC in Canada. Cycle Capital invests in companies developing and commercializing clean technologies and striving to reduce greenhouse gas emissions, optimizing resource use, and improving process efficiency throughout a product’s life cycle.

With assets under management of $231M, Cycle Capital invests in Quebec and across North America. Cycle Capital Management, which is based in Montreal with an office in Toronto and points of presence in New York, Seattle and Qingdao in China, regroups seasoned investment professionals, strategic advisors and industrial partners with in-depth knowledge of the sector. Cycle Capital Management has a special relationship with its strategic partners, notably Brookfield Renewable Energy, Rio Tinto Alcan, Cascades, Group M3, Lonza, Gaz Métro, Systemex Énergies, Aluminerie Alouette, and Hydro-Québec. For more information on Cycle Capital Management visit: www.cyclecapital.com .

 

Catherine Bérubé
Head of communications and public relations
[email protected]
+1 514 629-1022