Category: News

AIREX ENERGY, an equipment supplier that is developing torrefaction technology to convert biomass to biocoal, Seed Fund Cycle-C3E, the Cycle family’s second venture capital fund in the clean technologies field, and Desjardins-Innovatech recently completed a strategic partnership to grow the company by closing a $3 million round of funding.

 This funding will enable Airex to build and operate a new demonstration plant that will become the commercial showcase for the CarbonFX biocoal technology. “We are very proud to be able to rely on support from an experienced team like Cycle Capital Management. We can benefit from Cycle’s vast business network and its industrial partners to accelerate the roll-out of our technology worldwide,” declared Sylvain Bertrand, CEO of Airex Energy.

“Airex Energy provides efficient cutting-edge torrefaction technology that meets market requirements while using residual biomass,” notes Andrée-Lise Méthot, Founder and Managing Partner of Cycle Capital Management (CCM). “For Cycle Capital, biocoal is a long awaited product that will allow Airex to positioned itself as a major player on several foreign market.”

About Airex Energy

A world leader in the design and manufacture of biomass to biocoal equipment, Airex Energy has operated a pilot plant in Laval, Québec, using the CarbonFX process since March 2011. Along with a number of renowned partners, Airex Energy has contributed to various research and development projects exploring innovative biocoal applications.

www.airex-energy.com

About Cycle Capital Management

A pioneer among Canadian venture capital funds focused on the clean-tech sector, 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 $230 million, Cycle Capital invests in Quebec and northeastern North America. Cycle Capital is composed of experienced investment professionals, strategic advisors, and industrial partners with in-depth knowledge of the sector. Cycle Capital 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.

About Desjardins-Innovatech L.P.

Desjardins-Innovatech provides companies with capital, a business network and the expertise needed to support them throughout their growth and expansion as well as in mergers, acquisitions and IPO projects.

Source : Cycle Capital Management
https://cyclecapital.com
Information : Andrée-Lise Méthot : 514-865-3620

Mrs. Andrée-Lise Méthot, Founder and Managing Partner of Cycle Capital Management (Cycle Capital) is pleased to announce the arrival of Benoit Forcier in her team. Benoit joins Cycle Capital’s team as Partner. “Ben has helped shape and grow the technology sector of Atlantic Canada over the course of the last 10 years. We are delighted that Benoit comes back to Montreal to join the team to the benefit of Cycle Capital’s portfolios companies” said Ms. Méthot.

Benoit Forcier began his career at BCE Inc. in treasury management which led him to roles in Alliances, Venture and Acquisitions and then Ben worked on a number of transactions at BCE’s Venture Capital Fund which resulted in attractive returns through a trade sale and an IPO. After working in the Telesystem Group of companies on the fundraising side and for TIW, Ben moved to the East Coast to join Innovacorp where he played an active role as part of the leadership team scaling the organization’s technology business incubation and mentoring business model managing a seed and early stage venture fund with more than $60M in Capital Commitments as Vice- President Investment. While at Innovacorp, Ben also established and EIR program, operationalized a Fund-of-Fund Strategy and secured $35 million in commitments for the establishment of a new regional venture capital fund. More recently, Ben was a partner at Espresso Capital and has been working with Technology-based companies in northeastern North America.

¨I am very excited to join the Cycle Capital Team which has a deep knowledge in the sector. I look forward to partnering with the best Quebec-based entrepreneurs and Companies based on the Eastern seaboard to help them capitalize their growth plans so they become the leaders in the market,” stated Mr. Forcier.

About Cycle Capital Management

A pioneer among Canadian venture capital funds focused on the clean-tech sector, 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 $230 million, Cycle Capital invests in Quebec and northeastern North America. Cycle Capital is composed of experienced investment professionals, strategic advisors, and industrial partners with in-depth knowledge of the sector. Cycle Capital has a special relationship with its strategic partners, notably Brookfield Renewable Energy, Rio Tinto Alcan, Cascades, M3 Group, Lonza, Gaz Métro, Systemex Énergies, Aluminerie Alouette, and Hydro-Québec.

Source: Cycle Capital Management
https://cyclecapital.com 

Contact: Andrée-Lise Méthot – 514-865-3620

Mrs. Andrée-Lise Méthot, Founder and Managing Partner of Cycle Capital Management (Cycle Capital) is pleased to announce the arrival of Shirley E. Speakman in her team. Shirley joins Cycle Capital’s team as Partner.  “I am proud to welcome Shirley Speakman to our firm. Her ten years of corporate finance and venture capital experience combined with her unique ability to get behind the numbers represent a most valuable asset for Cycle Capital,” said Ms. Méthot.

Since 1995, Shirley has held several positions as an investment analyst for medium to large corporations in the finance sector. She participated in corporate finance transactions with a cumulative value of over $100 million while at Ernst & Young Corporate Finance and also negotiated strategic investments by RBC ventures in an early stage seed fund which raised $40 million on its first close (VIMAC/MMC), as a consultant at Igenia Venture Management. Most recently, she was responsible for sourcing, vetting and managing 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.

Shirley holds a MBA and a Bachelor of Economics and Management Studies from the University of Waterloo. She is also an accomplished triathlete, marathoner and coach.

“I am truly honoured to join the talented team at Cycle Capital. I look forward to working with this esteemed group in developing appropriate financing strategies in the clean technology sector and championing the adoption of best practices for investees and the fund,” stated Ms. Speakman.

About Cycle Capital Management

A pioneer among Canadian venture capital funds focused on the clean-tech sector, 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 $230 million, Cycle Capital invests in Quebec and northeastern North America. Cycle Capital is composed of experienced investment professionals, strategic advisors, and industrial partners with in-depth knowledge of the sector. Cycle Capital has a special relationship with its strategic partners, notably Brookfield Renewable Energy, Rio Tinto Alcan, Cascades, Master Group, Lonza, Gaz Métro, Systemex Énergies, Aluminerie Alouette, and Hydro-Québec.

Mrs. Andrée-Lise Méthot, Founder and Managing Partner of Cycle Capital Management (Cycle Capital) is pleased to announce the arrival of Roger Tambay in her team. Roger joins Cycle Capital’s team as Partner. “I am very proud of Roger Tambay’s arrival. The synergy between his academic trainings and his twenty years of professional experience are an undeniable asset for Cycle Capital, said Ms. Méthot.

Roger has 20 years of international multi-disciplinary experience with small, medium and large corporations, in a wide variety of highly competitive industrial sectors. In addition to his extensive hands-on turn around experience, he has created and developed over ten new materials and systems, thereby displacing competitive products or opening new markets. He held several positions at Eastman Chemical in Canada and United States and, more recently, he was responsible for Business development and operations for Balcan Plastics.

Roger holds a bachelor’s degree in chemistry, a MBA, and a bachelor’s degree of both civil and common laws. He is a member of the Quebec Bar association.

¨I enjoy working with entrepreneurs to help them build solid companies that are founded on privileged relationships with customers, employees, suppliers, financial partners and governmental agents. Accordingly, I am honored to join the talented and dynamic Cycle Capital Management team.¨

About Cycle Capital Management
A pioneer among Canadian venture capital funds focused on the cleantech sector, 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 $230 million, Cycle Capital invests in Quebec and northeastern North America. Cycle Capital is composed of experienced investment professionals, strategic advisors, and industrial partners with in-depth knowledge of the sector. Cycle Capital has a special relationship with its strategic partners, notably Brookfield Renewable Energy, Rio Tinto Alcan, Cascades, Master Group, Lonza, Gaz Métro, Systemex Énergies, Aluminerie Alouette, and Hydro-Québec.

Coming soon

Andrée-Lise Méthot, Founder and Managing Partner of Cycle Capital Management (Cycle Capital) is pleased to announce that two new strategic collaborators are joining its team, Claude Champagne and Louis Carbonneau, who bring added skills to an already accomplished team.

Entrepreneur-in-residence

Claude Champagne joins the Cycle Capital group as Entrepreneur-in-Residence. The practice of naming an entrepreneur-in-residence is popular in the United States and gradually being introduced in Canada. “I am pleased to welcome this very successful entrepreneur to our team as Entrepreneur-in-Residence. I am delighted that Claude Champagne will be sharing his vast operational experience with us,” said Ms. Méthot.

Mr. Champagne began his distinguished career in high-tech development, marketing, and corporate leadership at Nortel Networks. He founded Positron Fiber Systems Corp, a leading company in its sector, which grew rapidly and had a successful initial public offering (IPO). He has also held executive management positions at RELTEC Corp and Marconi PLC. In addition to serving on various boards and committees, he has worked in strategic advisory and mentoring roles in various high-tech companies including LxDATA, for which he became CEO.

Exclusive agreement for Canada

Currently a strategic advisor on Cycle Capital’s team, Louis Carbonneau will now devote his services in the field of clean technologies exclusively to Cycle Capital for Canada. Cycle Capital’s agreement will give the organization the advice of this internationally renowned expert in intellectual property. “The cornerstone of our clean technology investment strategy is intellectual property. This is why we are very proud to have succeeded in retaining Mr. Carbonneau’s exclusive services. I view this partnership as the key to our future success in the field,” added Ms. Méthot.

Louis Carbonneau is very familiar with all the legal aspects of intellectual property. He has 25 years of international experience in the field and was General Manager of Intellectual Property Licensing & IP Ventures at Microsoft, where he worked for 15 years. This native Quebecer began his legal career in Montreal in 1988, and became general counsel for Softimage in 1995. Since 2011, he has been CEO of Tangible IP, LLC, a patent brokering and strategic IP advisory firm that he founded. For the second consecutive year, Mr. Carbonneau recently earned the prestige of being named one of the World’s Leading Intellectual Property Strategists, an honour attributed to only 300 individuals worldwide by the British publication Intellectual Asset Management (IAM).

About Cycle Capital Management

A pioneer among Canadian venture capital funds focused on the cleantech sector, 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 $230 million, Cycle Capital invests in Quebec and northeastern North America. Cycle Capital is composed of experienced investment professionals, strategic advisors, and industrial partners with in-depth knowledge of the sector. Cycle Capital has a special relationship with its strategic partners, notably Brookfield Renewable Energy, Rio Tinto Alcan, Cascades, Master Group, Lonza, Gaz Métro, Systemex Énergies, Aluminerie Alouette, and Hydro-Québec.

Information:

Andrée-Lise Méthot

514-865-3620

Cycle Capital Management (CCM) today announced the launch of Cycle Capital Fund III L.P. (Fund III), a new venture capital fund in the clean technology sector, which targets companies at the commercialization stage. The announcement was made by Andrée-Lise Méthot,
Founder and Managing Partner of Cycle Capital, accompanied by Quebec Premier Pauline Marois and Minister of Finance and the Economy Nicolas Marceau.

The Cycle Capital Fund III will invest in sectors involving energy efficiency, green agriculture and chemistry, industrial applications, transportation, clean energy and fuels, and waste upgrading and transformation. Cycle Capital favours projects with the highest performance that help improve process efficiency.

Thanks to the participation of the Government of Quebec, which is contributing $50 million through its authorized representative, Investissement Québec, and several committed partners, including Teralys Capital, Hydro-Québec, Aluminerie Alouette, Fondaction CSN, Cascades, Gaz Métro, and Cycle Capital associates, this fund has reached a total of $108 million.

“We are proud to once again succeed in bringing together partners from the institutional and industrial sectors to create Fund III. We are thrilled by the renewed confidence of our partners and the outstanding contribution of the Government of Quebec, which have encouraged us to pursue our investment efforts,” said Andrée-Lise Méthot.

“As the data on world venture capital shows, the clean technology sector is one of the most promising. Quebec is not being left behind, because it is also participating in this international movement and helping build solid businesses, prepared to confront the world challenges that await us,” concluded Méthot.

“Thanks to this new fund, added to the two existing funds, Cycle Capital now offers the most comprehensive financing in Quebec to effectively support the launch of innovative companies in the clean technology sector. We are pleased to support this major partner in the development of a sector that will help determine the success of Quebec in the long term,” added Jacques Bernier, Managing Partner at Teralys Capital.

Andrée-Lise Méthot, Founder and Managing Partner of Cycle Capital Management (Cycle Capital) is pleased to announce that Claude Vachet has joined her team as Managing Partner.