Cycle Capital and Demeter, managers of the Circular Innovation Fund, announce the appointment of Catherine Bérubé as Partner.

MONTREAL, Québec, September 16, 2025 – The Circular Innovation Fund (CIF) – a global venture capital fund focused on circular innovation and jointly managed by North America-based Cycle Capital and Europe-based Demeter – is proud to announce the appointment of Catherine Bérubé as Partner.

Catherine Bérubé joined Cycle Capital in 2014 and has played a key role in shaping the firm’s impact investing practice. She has been instrumental in investor relations and public affairs, leveraging her expertise to build strategic relationships and promote sustainable investment practices.

“This appointment is part of a structured generational transition strategy aimed at ensuring the long-term sustainability and strategic evolution of Cycle Capital. It also presents a unique opportunity for Catherine to deepen her transactional experience while playing a greater role in identifying and supporting companies, particularly in a transcontinental investment context,” said Andrée-Lise Méthot, Founder and Managing Partner at Cycle Capital.

“Already recognized for her strong commitment to the ecosystem, Catherine will remain actively involved in Cycle Capital’s platform, notably by continuing to serve as Chair of the Board of Directors of Cycle Momentum – a cornerstone of our strategy to support and develop early-stage tech startups, particularly in the field of circularity,” she added.

About Circular Innovation Fund

The Circular Innovation Fund (“CIF”) is a global venture capital fund focused solely on circular innovation. It is a joint venture between leading cleantech capital managers – Paris-based Demeter and Montreal-based Cycle Capital. The fund invests in growth-stage companies from North America, Europe and Asia developing breakthrough new materials, circular packaging, recycling and waste innovations, logistics, as well as eco-efficient processes & design, and circular business models.

For more information on the Circular Innovation Fund, visit: www.circularinnovationfund.com

About Cycle Capital

Cycle Capital is a leading Climatetech venture capital platform scaling impactful, sustainable innovation. Founded in 2009, Cycle Capital invests across North America and Europe in growing companies commercializing solutions to the major ecological challenges and contributing to a net-zero transition. Cycle Capital is the founder of Cycle Momentum Accelerator + Innovation Engine. Cycle Capital has developed an impact assessment methodology integrated into the investment workflow from the pre-investment phase to the exit of the portfolio company.

For more information on Cycle Capital, visit https://cyclecapital.com/

About Demeter

Demeter is a major European player in venture capital, development capital and infrastructure investment in the energy and ecological transition. Its funds invest from €1 to €30 million to support companies in the sector at all stages of their development: innovative startups, small and medium-sized enterprises, infrastructure projects. Demeter’s 38-strong team, based in Paris, Lyon, Bordeaux, Madrid and Düsseldorf, manages €1.3 billion and has made 230 investments in 17 years.

For more information on Demeter: https://demeter-im.com/

Contact:
Catherine Bouchard
[email protected]
+1-581-307-7583

Blumind Secures Series A Funding to Accelerate Analog AI Revolution

OTTAWA, Ontario–(BUSINESS WIRE)– Blumind, a pioneering developer of ultra-low-power analog AI chips for edge computing, today announced the successful closing of a $20M CAD Series A funding round. The investment is co-led by Cycle Capital and BDC Capital, with existing investors including Fusion Fund, Two Small Fish Ventures and Real Ventures joining the round. The company is maintaining the round open as it engages in active discussions with strategic investors.

Blumind’s AI inferencing technology is crucial for applications where power efficiency and real-time processing are paramount.

This significant investment will enable Blumind to accelerate the development and commercialization of AMPL™ – its groundbreaking analog AI technology – designed to dramatically reduce power consumption and latency for always-on AI applications. Blumind’s innovative approach to AI processing offers a paradigm shift from traditional digital methods, enabling highly efficient and performant AI. This technology is crucial for applications where power efficiency and real-time processing are paramount.

“Blumind’s patented approach using analog AI will not only revolutionize edge computing but also help solve the growing energy demand imposed by the adoption of AI. We are enthusiastic to support the team, as we believe their highly differentiated technology will play a critical role in the future of AI.” – Andrée-Lise Méthot, Founder and Managing Partner at Cycle Capital.

“Physical AI use-cases are emerging in diverse segments such as robotics, smart mobility, medical and AIoT. Blumind’s low-power, low-latency and low-cost semiconductors will be a critical ingredient.” – Shane Wall, Partner at Fusion Fund.

“This funding is a major milestone for Blumind and a testament to the transformative potential of our analog AI technology,” said Niraj Mathur, CEO and Co-Founder of Blumind. “We are thrilled to partner with investors who share our vision of bringing efficient and powerful AI to the edge. This investment will allow Blumind to rapidly scale our operations and bring our solutions to market, empowering a new era of intelligent devices.”

Blumind plans to use the Series A funding to:

  • Expand its engineering and development teams to commercialize its first-generation AI processor for processing real time sensor data.
  • Accelerate the design and production of its next-generation analog AI chips for vision and large language model inferencing.
  • Support existing tier 1 lead customers and establish strategic partnerships with key industry players.

About Blumind

Blumind is a Canadian deep-tech AI start-up, led by industry visionaries with a proven track record of building successful semiconductor businesses. Blumind delivers all-analog AI compute semiconductors, software and data driven system solutions. Blumind’s products consume up to 1000x lower power than available alternatives and use standard CMOS process technology.

About Cycle Capital

Cycle Capital is a leading Climatetech venture capital platform scaling impactful, sustainable innovation. Founded in 2009, Cycle Capital invests across North America and Europe in growing companies commercializing solutions to the major ecological challenges and contributing to a net-zero transition. Cycle Capital is the founder of Cycle Momentum Accelerator + Innovation Engine. Cycle Capital has developed an impact assessment methodology integrated into the investment workflow from the pre-investment phase to the exit of the portfolio company.

About Fusion Fund

Fusion Fund backs early-stage startups that leverage technical or data advantages. Fusion Fund partners with founders who have experience and expertise in healthcare, enterprise AI, and industrial technology spaces and are building the next industry game changer. Fusion Fund invests in Pre-Seed, Seed, and Series A companies anywhere in the United States and Canada.

Information: [email protected]

SPRiNG announces the closing of a €10 million financing round with the participation of Circular Innovation Fund

This round of financing will enable the company to expand its development and support its innovation strategy and growth.

Paris, France, March 17, 2025, SPRiNG – the French detergents start-up that advocates clean formulas free of controversial ingredients – has closed a €10 million Series B round of financing led by Circular Innovation Fund with the participation of Aglaé, Eutopia and Ring Capital, its historic investors. The investment will enable the company to accelerate its development and expand its conquest of new segments in the fast-transitioning cleaning and hygiene-beauty markets.

Co-founded in 2020 by Philippe Cantet, Laure Favre and Benjamin Guerville to “clean up” the detergent aisle of single-use plastic and promote refillable cleaning solutions, SPRiNG, which is celebrating its 5th anniversary, is claiming 80% sales growth by 2024 and has just seen its sales exceed one million orders.

Stéphane Villecroze, co-founder and managing partner of Demeter: “We are delighted to contribute to the expansion of SPRiNG via the Circular Innovation Fund managed by Demeter and Cycle Capital. Philippe, Laure and Benjamin are talented entrepreneurs who have developed quality products that customers are increasingly looking for. The investment will support the development of new markets and propel the mission of enabling SPRiNG to accelerate the democratization of sustainable cleaning products.”

“We are delighted that CIF, a fund sponsored by L’Oréal, has joined our syndicate of investors – a solid group that brings us the resources and experience essential to SPRiNG’s expansion,” said Philippe Cantet, Chairman of SPRiNG. This financing will more particularly enable us to advance our R&D. Product safety is one of consumers’ top expectations, and it’s also the primary purchasing criterion for SPRiNG’s customers. Strengthening our R&D capacities thanks to this new funding is therefore strategic. It will enable us to continue the fight against single-use plastic and remain at the forefront of scientific advances, particularly about the impact of raw materials. Thanks to these efforts, we can anticipate ongoing reformulations to guarantee healthy and safe products for our customers.”

Antoine Fine, co-founder and managing partner of Eutopia adds: “We are delighted to welcome CIF to this round of financing and to reiterate our support for the SPRiNG teams. The company will now be able to embark on a new phase of growth based on the solid fundamentals it has proven over the last few years.”

SPRiNG has built up a customer base of 200,000 active subscriptions in all French départements, based on the tried-and-tested principle of subscriptions delivered directly to the mailbox. SPRiNG’s products have saved 280 tonnes of single-use plastic and over 2,000 tonnes of carbon thanks to their packaging, the concentration of formulas and the company’s supply chain.

About Circular Innovation Fund

The Circular Innovation Fund (“CIF”) is a global venture capital fund focused solely on circular innovation and sponsored by L’Oréal. It is a joint venture between leading cleantech capital managers Demeter in Paris and Cycle Capital in Montreal. The fund invests in growth companies in North America, Europe and Asia developing innovative bio-based materials, circular packaging, recycling and logistics innovations, as well as enabling technologies (software or hardware) promoting the circular economy. For more information on CIF, visit www.circularinnovationfund.com.

About Eutopia

Eutopia is an investment company managing funds dedicated to emerging brands. Eutopia bases its investment thesis on the transformations in consumer society that have led to the emergence of a new wave of committed brands reinventing and improving everyday products and services around the triptych “good for you, good for society, good for the planet”. With €280 million in assets, the teams support 29 companies, including Oh My Cream!, Nous Anti Gaspi, Tediber and Moderato.

Eutopia is a B Corp company with a mission.

For further information: www.eutopia.vc

About Aglaé Ventures

Aglaé Ventures makes investments in the technology sector. Aglaé is a management company affiliated to Agache (controlling shareholder of the LVMH group) with teams in Paris, London, New York and Los Angeles. The funds managed by Aglaé support fast-growing companies at all stages of their development, mainly marketplaces, software and content platforms. Investment amounts range from €100,000 to €100 million per company. Over the past 20 years, Aglaé and its affiliates have backed some of the most iconic founders in their sectors, including those of Netflix, Slack, Spotify, Airbnb, Automattic, eToro and BackMarket.

About Ring Capital

An ecosystem dedicated to impact investing and a company with a mission, Ring Capital was founded by Geoffroy Bragadir and Nicolas Celier. With a focus on a continuum of impact, Ring Capital finances and supports entrepreneurs and associative entrepreneurs offering vital solutions to major social and environmental challenges.

Ring Capital operates at different stages of development and in different geographies, through four investment strategies and a venture philanthropy fund, Ring Foundation. The Ring Altitude fund is positioned in the growth segment. The other three investment vehicles are venture capital strategies with different geographical and maturity profiles: Ring Mission (Europe, North America; Series A), GENERATIONS powered by EDHEC (Europe; seed stage) and Ring Africa (French-speaking Africa; seed stage to Series A+).

Sonocharge Energy Announces US$23.5M round with participation from Honda, Cycle Capital and current investors Khosla Ventures and Temasek

Mountain View, CA, January 22, 2025 – Sonocharge Energy – an innovative tech company enabling the world’s batteries to last longer, charge faster and be safer – today announced $23.5M financing round led by ClimateTech venture capital firm Cycle Capital, with participation of Honda, current investors Khosla Ventures, Temasek, and non-dilutive funding partners.

“Sonocharge Energy is the first investment out of our Fund V, a venture growth fund focused on electrification, power electronics and photonics. We’re thrilled to partner with Honda, Khosla Ventures and Temasek to support the company through its growth phase as it is accelerating the commercialization of its solutions in a wide range of applications,” said Andrée-Lise Méthot, Founder and Managing Partner at Cycle Capital. “As we’re actively looking at deploying $350M in the ClimateTech sector in the next few years, Sonocharge Energy is an exemplary case of how technology can facilitate electrification by improving performance and scale its deployment.”

“Sonocharge Energy has an innovative technology that enables longer battery life and faster charging. This technology uses acoustic waves to significantly increase the charge cycle life of batteries, and Honda has high hopes for its potential. To Honda, this is a useful technology as longer battery life will help to reduce environmental impact and improve convenience for EV users. Honda will continue to discover, collaborate with, and invest in innovative ventures such as Sonocharge Energy through Honda Xcelerator Ventures, our global program for open innovation,” said Manabu Ozawa, Managing Executive Officer of Honda Motor Co., Ltd.

“We are pleased to see Cycle Capital and Honda join our current investor syndicate.” said An Huang, CEO of Sonocharge Energy. “We’re grateful to be supported by such a strong group of investors that bring invaluable resources, experience, and commercial partnerships crucial to scaling our company. This funding will enable us to advance core R&D, and work closely with our customers to optimize for their specific use case and prepare for manufacturing.”

This marks an important milestone for the company and comes on the heels of customer-funded lab tests demonstrating significantly improved performance with lithium-ion batteries using Sonocharge Energy’s technology. This new funding will enable the company to grow its team in its new location in Silicon Valley and accelerate the commercial deployment of its solutions with key EV and battery manufacturers to extend the range and performance of batteries.

About Sonocharge Energy

Sonocharge Energy, Inc is developing a platform solution to improve battery performance with acoustic wave induced electrolytic motion to overcome charging performance and improve safety in lithium batteries. The novel technology provides a reduced-cost solution that extends battery life for e-mobility and various energy storage applications. For more information on the company visit: https://www.sonochargeenergy.com.

About Cycle Capital

Cycle Capital is a leading Climatetech venture capital platform scaling impactful, sustainable innovation. Founded in 2009, Cycle Capital invests across North America and Europe in growing companies commercializing solutions to the major ecological challenges and contributing to a net-zero transition. Cycle Capital is the founder of Cycle Momentum Accelerator + Innovation Engine. Cycle Capital has developed an impact assessment methodology integrated into the investment workflow from the pre-investment phase to the exit of the portfolio company. For more information on Cycle Capital, visit: cyclecapital.com.

About Honda

Established in 1948, Honda is a global mobility company with its head office in Tokyo. To realize a sustainable and safe society, Honda seeks to achieve zero environmental impact and zero traffic collision fatalities involving Honda motorcycles and automobiles by 2050. Besides providing motorcycles, automobiles, power products, aircraft, and other products and services, Honda will explore diverse future strategies toward achieving its goals, such as through investment in outstanding startups.

Information

Sonocharge Energy https://www.sonochargeenergy.com

Catherine Bérubé [email protected]

Cycle Capital appoints Ariane Cloutier Partner

Montreal, January 20, 2025 – Cycle Capital, a leading Climatetech venture capital investment platform, announces the appointment of Ariane Cloutier, CFO, as partner.

Ariane joined Cycle Capital in 2019 and was promoted to Chief Financial Officer in 2022. Since then, she has been responsible for reporting financial information and supporting auditing across Cycle Capital’s fund platform and the accelerator Cycle Momentum, and supports the Founder & Managing Partner, as well as the Managing Partner, with the firm’s operations.

Ariane has over 15 years’ experience in venture capital, accounting, auditing and consulting. Ariane began her career as an auditor at KPMG Montreal, where she worked with clients in the fields of asset management and private equity, infrastructure and renewable energy. She then pursued her career as Director of Finance for a private venture capital fund focusing on growth capital investments, then as a consultant for PSP Investments. A chartered accountant (CPA) since 2013, Ariane holds a bachelor’s degree in business administration with a specialization in accounting, and a post-graduate diploma (DESS) from HEC Montréal.

For more information on Cycle Capital, visit: cyclecapital.com.

Cycle Capital announces its team expansion with a promotion and 2 hires

Montreal, January 20, 2025 – Cycle Capital, a leading ClimateTech venture capital investment platform, announces the expansion of the team with the promotion of Ricardo Jordan as Principal and the addition of two staff members, Guillaume Ouimet and Catherine Bouchard to support the organizations’s growth.

“Ricardo is an important asset – his technical expertise brings a lot of value and depth to the investment team. We’re also excited to welcome two new resources, Guillaume and Catherine, who’ll be supporting our fundraising efforts and operations.” – Andrée-Lise Méthot, Founder & Managing Partner, at Cycle Capital.

Ricardo Jordan is promoted as Principal. He joined Cycle Capital as an Associate in November 2022 and was named Senior Associate Officer in January 2024. Prior to this, he held positions at Terragon Environmental Technologies and Optima Energia, where he served as a Lead Project Manager and Business Development Manager, respectively. Ricardo has a bachelor’s in mechanical engineering from McGill University and an MBA from HEC Montreal.

Guillaume Ouimet joins the team after spending four years at Deloitte, the last two years as a senior M&A consultant. He was involved in the pre deal, execution and post deal phases of acquisitions and divestitures across diverse industries. Guillaume has a proven track record in conducting strategic mandates, covering the entire M&A lifecycle as well as commercial transactions. As the Director, fundraising, he will contribute to the fundraising efforts.

Guillaume holds the Chartered Professional Accountant (CPA) and Chartered Financial Analyst (CFA) designations. He also has a Graduate Certification in Professional Accounting (GCPA) and a Bachelor of Commerce with a major in Accounting and a concentration in Finance from McGill University.

With a strong background in event organization and logistics, Catherine Bouchard joins us from Desjardins Financial Security, where she held the position of event advisor for the last 3 years. Successfully managing large-scale events, her extensive experience in coordinating logistics, managing event timelines, working closely with external partners is an asset. She will also hold the position of Executive Assistant to the Founder and Managing Partner, Andrée-Lise Méthot.

Catherine holds a technical degree in Bioecology and a multidisciplinary bachelor’s degree, specialized in management from Laval University.

Cycle Capital

Cycle Capital is a leading Climatetech venture capital platform scaling impactful, sustainable innovation. Founded in 2009, Cycle Capital invests across North America and Europe in growing companies commercializing solutions to the major ecological challenges and contributing to a net-zero transition. Cycle Capital is the founder of Cycle Momentum Accelerator + Innovation Engine. Cycle Capital has developed an ESG and impact assessment methodology integrated into the investment workflow from the pre-investment phase to the exit of the portfolio company. For more information on Cycle Capital, visit: cyclecapital.com.

Carolina Sánchez Badini joins Cycle H2O as Associate

Cycle H2O Fund, a seed and early stage Watertech venture capital fund managed by Cycle Capital and H2O Innovation, announces the appointment of Carolina Sánchez Badini as Associate. The Cycle H2O Fund aims to accelerate and scale innovative startups with solutions to protect, conserve and better utilize the water resource in the industrial, agriculture, municipal and marine sectors.

“We’re delighted to welcome Carolina to the Cycle H2O Fund, a specialized, seed and early stage WaterTech Fund. Her experience in environmental consulting and monitoring the aquatic impact of urban and industrial developments will be instrumental in accelerating and scaling impactful market-ready solutions.” – Andrée-Lise Méthot, Founder & Managing Partner, Cycle Capital.

Carolina brings over five years of experience in environmental consulting, research, and impact investing. Most recently, she served as an impact investment fellow at CapShift and was a member of the climate deal team of the Yale SOM Meng Impact Investment Fund. Previously, she worked as an Environmental Specialist at Hatfield Consultants to monitor and assess the aquatic environmental impacts of different industrial and municipal projects. As part of her bachelor’s degree, she researched other environmental issues, such as marine plastic pollution in Canada, wastewater management in Mexico, and coastal mangrove conservation in Costa Rica.

Carolina recently completed an MBA and a Master of Environmental Management at Yale University and holds a Bachelor’s degree in Biology and Ecology from The University of British Columbia.

Catherine Bérubé +1 514 629-1022  / [email protected] 

Cycle H2O Holds Initial Close for C$30 Million Watertech Fund to Advance Sustainable Water Solutions 

Montreal, June 26, 2024 –Cycle Capital and H2O Innovation announce the initial close of Cycle H2O Fund, a watertech venture capital fund with a targeted size of C$30 million fund dedicated to investing in innovative water technologies. The Government of Québec, through Investissement Québec, acted as anchor investor and was joined by Boann Social Impact, Fonds Climat du Grand Montréal, The Atmospheric Fund, a number of family offices, and private investors as limited partners. 

The fund aims to support the development and commercialization of seed and early stage innovative watertech companies from Québec and Eastern Canada (in sustainable agriculture, green chemistry and water treatment digital technologies related to industrial water processes and water conservation) to meet the growing need for market-ready solutions.  

Managed by Cycle Capital and H2O Innovation, and led by Cycle Capital’s Senior Partner Simon Olivier, the Cycle H2O fund will capitalize on Cycle Capital’s more than a decade-long experience of ClimaTech venture investing globally, and H2O Innovation’s expertise in commercializing water treatment solutions internationally. 

“To build a green and sustainable economy, we need to accelerate the development and marketing of clean technology. With our investment in the Cycle H2O Fund, our government is providing the Québec of tomorrow with innovative solutions for the intelligent use of its water,”  Pierre Fitzgibbon, Minister of Economy, Innovation and Energy, Minister Responsible for Regional Economic Development and Minister Responsible for the Metropolis and the Montréal Region.   

“We need innovative technologies that will help us adapt our way of life and combat climate change effectively. This is particularly true of water, a shared resource that Québec is actively seeking to preserve. We have announced record sums for ensuring there is adequate, predictable and sustained funding of initiatives that will protect, restore and enhance water, by means of the Fonds bleu. And the investment we have announced today will support the creation of the Cycle H2O Fund. This new fund is another example of our government’s firm commitment to water and of Québec’s desire to actively contribute to global efforts that will protect and sustainably manage this precious resource,” added Benoit Charette, Minister of the Environment, the Fight against Climate Change, Wildlife and Parks and Minister responsible for the Laurentides region.   

“Cycle Capital’s experience in the ClimateTech sector has shown us the transformative power of specialized venture funds to tackle some of the most pressing environmental challenges. With the Cycle H2O Fund, we are expanding our focus to include water, a sector ripe for disruption to tackle water scarcity. We look forward to collaborating with our partner H2O Innovation and seeing the impact this fund will have on the global water landscape,” said Andrée-Lise Méthot, Founder and Managing Partner at Cycle Capital.  

“Since our founding in 2000, our vision to address growing and complex water issues has been clear: provide state-of-the-art technologies and solutions to municipal and industrial customers across Canada and abroad. However, the lack of awareness from the public and from the investment community in general, as well as the absence of specialized water investment platforms in Canada made us struggle in our early days. Today we want to give back and share our knowledge and experience with new “water entrepreneurs” willing to develop technologies and grow businesses in a sector that will never slow down: water. The opportunity to combine capital and experience in this fund fits perfectly with our desire to support companies in their seed and growing phases,” stated Frédéric Dugré, President and Chief Executive Officer of H2O Innovation. 

 

Cycle Capital 

Cycle Capital is a leading ClimateTech venture capital platform scaling impactful sustainable innovation. Founded in 2009, Cycle Capital invests across North America, Europe and Asia in growing companies commercializing solutions to the major ecological challenges and contributing to a net-zero transition. Cycle Capital is the founder of Cycle Momentum Accelerator + Innovation Engine. Cycle Capital has developed an ESG and impact assessment methodology integrated into the investment workflow from the pre-investment phase to the exit of the portfolio company. For more information on Cycle H2O, visit: Cycle H2O – Cycle Capital 

H2O Innovation 

Innovation is in our name, and it is what drives the organization. H2O Innovation is a water solutions company focused on providing best-in-class technologies and services to its customers. The Corporation’s activities rely on three pillars: (i) Water Technologies & Services (WTS) applies membrane technologies and engineering expertise to deliver equipment and services to municipal and industrial water, wastewater, and water reuse customers, (ii) Specialty Products (SP) is a set of businesses that manufacture and supply a complete line of specialty chemicals, consumables and components for the global water treatment industry, and (iii) Operation & Maintenance (O&M) provides contract operations and associated services for water and wastewater treatment systems. Through innovation, we strive to simplify water. For more information, visit H2O Innovation. 

Catherine Bérubé +1 514 629-1022  / [email protected] 

H2O Innovation Inc. 

Communication Department 

+1 418-688-0170  

[email protected]  

www.h2oinnovation.com

Cycle Capital announces the promotion of three investment team members

Montréal, February 15, 2024 – Cycle Capital, a leading Climatetech venture capital investment platform, announces the appointment of Ricardo Jordan as Senior Associate and Gabriel Samson as Associate. The Circular Innovation Fund, managed by Cycle Capital and Demeter Partners, also announces the promotion of Maya Hassa to Principal.

 

“We are proud to see Maya, Ricardo and Gabriel, part of the firm’s next generation progress, reach new milestones and take on additional responsibilities,” says Andrée-Lise Méthot, Founder and Managing Partner of Cycle Capital.

 

Maya Hassa joined Cycle Capital in 2021 as part of the investment team. She previously was an associate in a cleantech investment fund. In April 2022, she moved to CIF, where she started as an Analyst and was subsequently promoted to an Associate position in January 2023. Maya has an undergraduate BSc in Renewable Resource Management from McGill University.

 

Ricardo Jordan joined Cycle Capital as an Associate in November 2022. Prior to this, he held positions at Terragon Environmental Technologies and Optima Energia, where he served as a Lead Project Manager and Business Development Manager, respectively. Ricardo has a Bachelor’s in Mechanical Engineering and an MBA from HEC Montreal.

 

Gabriel Samson joined Cycle Capital’s investment team in April 2021 as an Intern. He later transitioned into a full-time role as an Analyst in 2022. Gabriel holds a BCom from the University of Ottawa and is currently pursuing a Master’s in Science in Finance at HEC Montreal.

 

Cycle Capital

Cycle Capital is a leading Climatetech venture capital platform scaling impactful, sustainable innovation. Founded in 2009, Cycle Capital invests across North America, Europe and Asia in growing companies commercializing solutions to the major ecological challenges and contributing to a net-zero transition. Cycle Capital is the founder of Cycle Momentum Accelerator + Innovation Engine. Cycle Capital has developed an ESG and impact assessment methodology integrated into the investment workflow from the pre-investment phase to the exit of the portfolio company. For more information on Cycle Capital, visit: cyclecapital.com.

Info

Catherine Bérubé

Associée

[email protected]

+1 514 629-1022

Four New Members Join Cycle Capital’s Industrial Expert Advisory Committee

Montreal, February 5, 2024 – Cycle Capital, a leading ClimateTech venture capital investment platform, is pleased to announce the addition of three new members to its Industrial Expert Advisory Committee (IEAC). Dr. Murthy Renduchintala, former Chief Engineering Officer at Intel and Executive Vice President at Qualcomm Inc; Raj Singh, former Executive Vice President of Compute Strategy and Business Development at Marvell Technology and Jim Whitham, Senior Vice President & Strategic Advisor at Infineon. They join Bertrand Gautier, Founding Partner at Schroders Greencoat Capital, already a member of Cycle Capital Fund IV advisory committee, along with current representatives from Cycle Capital’s Limited Partners (LPs), to support Cycle Capital’s team in its mission to scale deep tech companies developing enabling technologies in the transition to net zero.

 

“We are delighted that Murthy, Raj, Jim and Bertrand have joined the IEAC. Their technical insights and experience in microelectronics and growing businesses will be extremely valuable and complement Cycle Capital’s growing investment team to evaluate climatetech startups more thoroughly,” said Andrée-Lise Méthot, Founder and Managing Partner of Cycle Capital. “Murthy will support Cycle Capital and its portfolio companies with his commercial and engineering insights, as well as product design. Raj and Jim will help Cycle Capital reinforce its expertise in semiconductors and industrial scaling up in microelectronics, a key component of Cycle Capital’s Fund V’s investment thesis. These additions support Cycle Capital’s expansion in the US and in Europe, where Jim and Bertrand are located.

 

Dr Murthy Renduchintala currently serves as a Member of the Board of Directors at Accenture plc. The former Group President and Chief Engineering Officer of Intel Inc. also served as Executive Vice President and Co-President, Qualcomm CDMA Technologies during his 12 years at Qualcomm Inc. and worked at Philips Electronics for 17 years, ending his tenure there as the Vice President of Engineering. He sits on Advisory Boards at the University of California, San Diego – Jacobs School of Engineering and the University of California, Berkeley – Fung Institute of Engineering Leadership.   Dr Renduchintala holds a bachelor’s degree in electrical engineering, a master’s degree in business administration and a Ph.D. in digital communications from the University of Bradford in England. His alma mater subsequently awarded him the honorary degree of Doctor of Technology for his contributions to Science and Technology.

Raj Singh was previously executive vice president of the processors business group at Marvell Semiconductor and joins the Cycle Capital team from San Francisco, California. He has over four decades of executive experience in technology, specializing in the semiconductor industry, including as CEO of Wavesat, a semiconductor manufacturing company that Cavium Networks acquired. Alongside his current role, Raj is the founder of Banchory LLC – an advisory tech consultancy firm –  and a member of the board of directors at Kandou in Switzerland.

 

Jim Witham was recently named Senior Vice President & Strategic Advisor at Infineon. He is the former CEO of GaN Systems, a Cycle Capital portfolio company acquired by Infineon for US$830 million this past Fall. Jim joined GaN Systems from Neoconix, a manufacturer of high-density miniature connectors. As CEO of Neoconix, he successfully implemented strategic changes which dramatically increased revenue and resulted in the company’s acquisition by Unimicron Technology. Prior to Neoconix, Jim was CEO of Fultec Semiconductor, where his team designed and manufactured circuit protection devices using high-voltage silicon, silicon carbide and gallium nitride (GaN) transistors. Jim holds an MBA from Harvard and both M.S. and B.S. with distinction in Mechanical Engineering from Stanford.

Bertrand Gautier is the Founding Partner at Greencoat Capital, a leading asset manager in the energy transition space in Europe. He was previously the Director at Terra Firma Capital Partners in their London office and Vice President at Merrill Lynch. Bertrand holds a Master’s in General Engineering from ICAM (France) and an MBA from Harvard Business School.  

 

About Cycle Capital

 

Cycle Capital is a leading ClimateTech venture capital platform scaling impactful, sustainable innovation. Founded in 2009, Cycle Capital invests across North America, Europe and Asia in growing companies commercializing solutions to the major ecological challenges and contributing to a net-zero transition. Cycle Capital is the founder of Cycle Momentum Accelerator + Innovation Engine. Cycle Capital has developed an ESG and impact assessment methodology integrated into the investment workflow from the pre-investment phase to the exit of the portfolio company. For more information on Cycle Capital, visit cyclecapital.com.

 

Catherine Bérubé +1 514 629-1022  / [email protected]