Cycle Capital Management (CCM) today announced the launch of Cycle Capital Fund\u00a0III L.P. (Fund\u00a0III), a new venture capital fund in the clean technology sector, which targets companies at the commercialization stage. The announcement was made by Andr\u00e9e-Lise M\u00e9thot,
\nFounder and Managing Partner of Cycle Capital, accompanied by Quebec Premier Pauline Marois and Minister of Finance and the Economy Nicolas Marceau.<\/p>\n
The Cycle Capital\u00a0Fund 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.<\/p>\n
Thanks to the participation of the Government of Quebec, which is contributing $50\u00a0million through its authorized representative, Investissement Qu\u00e9bec, and several committed partners, including Teralys Capital, Hydro-Qu\u00e9bec, Aluminerie Alouette, Fondaction CSN, Cascades, Gaz M\u00e9tro, and Cycle Capital associates, this fund has reached a total of $108\u00a0million.<\/p>\n
\u201cWe are proud to once again succeed in bringing together partners from the institutional and industrial sectors to create Fund\u00a0III. 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,\u201d said Andr\u00e9e-Lise M\u00e9thot.<\/p>\n
\u201cAs 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,\u201d concluded M\u00e9thot.<\/p>\n
\u201cThanks 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,\u201d added Jacques Bernier, Managing Partner at Teralys Capital.<\/p>\n","protected":false},"excerpt":{"rendered":"
Cycle Capital Management (CCM) today announced the launch of Cycle Capital Fund\u00a0III L.P. (Fund\u00a0III), a new venture capital fund in the clean technology sector, which targets companies at the commercialization stage. The announcement was made by Andr\u00e9e-Lise M\u00e9thot, Founder and Managing Partner of Cycle Capital, accompanied by Quebec Premier Pauline Marois and Minister of Finance […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7045","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/cyclecapital.com\/en\/wp-json\/wp\/v2\/posts\/7045","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cyclecapital.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cyclecapital.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cyclecapital.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cyclecapital.com\/en\/wp-json\/wp\/v2\/comments?post=7045"}],"version-history":[{"count":0,"href":"https:\/\/cyclecapital.com\/en\/wp-json\/wp\/v2\/posts\/7045\/revisions"}],"wp:attachment":[{"href":"https:\/\/cyclecapital.com\/en\/wp-json\/wp\/v2\/media?parent=7045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cyclecapital.com\/en\/wp-json\/wp\/v2\/categories?post=7045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cyclecapital.com\/en\/wp-json\/wp\/v2\/tags?post=7045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}