{"id":7115,"date":"2020-12-18T14:00:10","date_gmt":"2020-12-18T19:00:10","guid":{"rendered":"https:\/\/cyclecapital.creatures.ca\/2020\/12\/18\/cycle-capital-announces-the-addition-of-edc-as-a-new-lp-and-final-close-of-cycle-capital-fund-iv-at-145m-bringing-cycle-capital-to-half-a-billion-in-assets-under-management\/"},"modified":"2020-12-18T14:00:10","modified_gmt":"2020-12-18T19:00:10","slug":"cycle-capital-announces-the-addition-of-edc-as-a-new-lp-and-final-close-of-cycle-capital-fund-iv-at-145m-bringing-cycle-capital-to-half-a-billion-in-assets-under-management","status":"publish","type":"post","link":"https:\/\/cyclecapital.com\/en\/2020\/12\/18\/cycle-capital-announces-the-addition-of-edc-as-a-new-lp-and-final-close-of-cycle-capital-fund-iv-at-145m-bringing-cycle-capital-to-half-a-billion-in-assets-under-management\/","title":{"rendered":"Cycle Capital announces the addition of EDC as a new LP and Final Close of Cycle Capital Fund IV at $145M, bringing Cycle Capital to half a billion in assets under management"},"content":{"rendered":"

Montreal and Toronto, December 18, 2020 <\/strong>– Cycle Capital, Canada\u2019s leading private cleantech venture capital firm, is proud to announce the addition of Export Development Canada (EDC) as new Limited Partner and the final closing of Cycle Capital IV Fund at $145 million. With EDC, Cycle Capital reaches $0.5 billion in assets under management.<\/p>\n

Numerous financial partners<\/strong>
\nExport Development Canada joins respected institutional and strategic investors including Investissement Qu\u00e9bec, Teralys Capital, Fonds de solidarit\u00e9 FTQ, Fondaction, Business Development Bank of Canada, Suez, Rio Tinto, Innergex Renewable Energy, Hydro-Qu\u00e9bec, Vancity Financial Cooperative, McConnell Foundation, Trottier Family Foundation, La Capitale Insurance and Financial Services, Concordia University, several private investors as well as Cycle Capital’s managers.<\/p>\n

\u201cAt Cycle Capital, we support the talent of our cleantech entrepreneurs so that they can scale on and contribute to fight climate change. We are proud to welcome EDC as new LP, already a great partner of Cycle Capital, to support even more portfolio companies including a lot of female-led businesses at the commercialization stage reach international markets,” said Cycle Capital Founder and Managing Partner Andr\u00e9e-Lise M\u00e9thot.<\/p>\n

\u201cCycle Capital has an established track record for supporting female-led and founded businesses, and EDC\u2019s commitment to this female-founded and co-led fund will support our Women in Trade Investments Program mandate to encourage greater representation on both sides of the investor\/entrepreneur table. We have had the pleasure to work with the team at Cycle Capital on multiple co-investments and share the vision that EDC\u2019s customer focused solutions can help further accelerate their growth\u201d says Jennifer Cooke, Manager of Women in Trade at Export Development Canada.<\/p>\n

In the past year, Cycle Capital has partnered with EDC on three cleantech direct investments through EDC\u2019s matching program. EDC\u2019s investment in the Cycle Capital IV Fund aligns with its progressive trade strategy, which outlines initiatives to support historically underrepresented groups within the trade environment, including women-led businesses.<\/p>\n

Cycle Capital Fund IV<\/strong>
\nCycle Capital Fund IV is investing across North America, with a primary focus on Canada, in key technology sectors such as energy storage and efficiency, green chemistry, clean transportation and smart city technologies, Green IoT, Big Data & AI and agtech. As one of the few gender-balanced women-founded VC funds, Cycle Capital is convinced that diversity and inclusion are the drivers of better performances.<\/p>\n

Since its initial closing in 2019, Cycle Capital Fund IV has already made 4 investments in leading Canadian and US-based cleantech companies including Bus.com, Vutiliti and Rhombus.<\/p>\n

About Cycle Capital Management<\/strong>
\nCycle Capital is an impact investor and Canada\u2019s leading private cleantech venture capital investment platform with AUM (assets under management) north of $0.5B. With offices in Montreal, Toronto and Qingdao \u2013 in continental China \u2013 and a presence in New York and Seattle, Cycle Capital invests in companies at the development and growth stages that commercialize clean technologies that reduce greenhouse gas emissions, optimize resource use and improve process efficiency throughout North America and China. Cycle Capital is the Founder of the Ecofuel Accelerator, Canada Co-Lead of \u201cBeyond the Billion\u201d – a global pledge campaign aimed at mobilizing a global consortium committed to invest in women founders.
\nCycle Capital brings together seasoned investment professionals, strategic advisors and industrial partners with in-depth knowledge of the sector. The firm has many industrial partners such as Suez, Rio Tinto, Hydro-Qu\u00e9bec, Brookfield, Innergex Renewable Energy, \u00c9nergir, Cascades, Lonza, Aluminerie Alouette, Qingdao City Construction Investment Group and impact investors including Vancity Credit Union, McConnell Foundation, Trottier Family Foundation and few family offices. For more information on Cycle Capital, visit: www.cyclecapital.com <\/a>.<\/p>\n

About EDC<\/strong>
\nExport Development Canada (EDC) is a financial Crown corporation dedicated to helping Canadian companies of all sizes succeed on the world stage. As international risk experts, we equip Canadian companies with the tools they need \u2013 the trade knowledge, financing solutions, equity, insurance, and connections \u2013 to grow their business with confidence. Underlying all our support is a commitment to sustainable and responsible business. To help Canadian businesses facing extreme financial challenges brought on by the global response to COVID-19, the Government of Canada has expanded EDC\u2019s domestic capabilities until December 31, 2021. This broader mandate will enable EDC to expand its support to companies focused domestically. For more information and to learn how we can help your company, call us at 1-800-229-0575 or visit edc.ca<\/a>.<\/p>\n

For more information<\/strong>:
\nCatherine B\u00e9rub\u00e9
\nVice President, Sustainable Development, Investor Relations and Public Affairs
\nCycle Capital
\ncberube@cyclecapital.com<\/a>
\n+1 514 629-1022<\/p>\n

Media
\nExport Development Canada
\nmedia@edc.ca<\/a>
\n+1 888 222-4065<\/p>\n","protected":false},"excerpt":{"rendered":"

Montreal and Toronto, December 18, 2020 – Cycle Capital, Canada\u2019s leading private cleantech venture capital firm, is proud to announce the addition of Export Development Canada (EDC) as new Limited Partner and the final closing of Cycle Capital IV Fund at $145 million. With EDC, Cycle Capital reaches $0.5 billion in assets under management. Numerous […]<\/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-7115","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/cyclecapital.com\/en\/wp-json\/wp\/v2\/posts\/7115","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=7115"}],"version-history":[{"count":0,"href":"https:\/\/cyclecapital.com\/en\/wp-json\/wp\/v2\/posts\/7115\/revisions"}],"wp:attachment":[{"href":"https:\/\/cyclecapital.com\/en\/wp-json\/wp\/v2\/media?parent=7115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cyclecapital.com\/en\/wp-json\/wp\/v2\/categories?post=7115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cyclecapital.com\/en\/wp-json\/wp\/v2\/tags?post=7115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}