# Cycle Momentum funding: rounds and investors

> Cycle Momentum has raised $800K across 1 round since 2024. Investors include Y Combinator, Export Development Canada and Investissement Quebec.

Source: https://millionrounds.com/company/cycle-momentum (Millionrounds; every figure on the page links to its filing or article)

Canada · [Funded startup](https://millionrounds.com/companies)

# Who invested in *Cycle Momentum*

One round we have observed, with the 3 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Chemicals & Materials

Funding summary Updated 26 Oct 2026

**$800K** raised across 1 round since 2024, from 1 source

- **Latest round:** Grant, $800K Nov 2024
- **Investors:** 3

See who backed them

## The rounds

- **Nov 2024** Grant **$800K** [Y Combinator](https://millionrounds.com/fund/y-combinator) [Export Development Canada](https://millionrounds.com/fund/export-development-canada) [Investissement Quebec](https://millionrounds.com/fund/investissement-quebec-2) Source recorded

## Founders and team

From Cycle Momentum's own website: 3 founders, 37 on the team.

**Louis Carbonneau** Founder and CEO - Tangible IP - LLC

**Mike Lee** Co-Founder & CEO at Fundica

**Silvana Huaman** Co-Founder & Chief Revenue Officer at FTEX

- **Nathalie Morin** Chief Executive Officer
- **Jennifer McDonald** Senior Vice President, Investments at Cycle Momentum
- **Carl Blanchet** Vice-President Innovation at Cascades
- **Patrick Gagné** CEO at Cycle Momentum
- **Philippe Babin** CEO at Aeponyx
- **Sebastien Corbeil** President and CEO at CelluForce Inc
- **Simon Naylor** Vice-President at Viridis Environnement
- **Thomas Alexandre Soucy Roy** President at Agence Pulsion
- **Karen Kalayajian** Chief Financial Officer
- **Nicolas Bossé** Chief Energy Transition Officer at BrainBox AI
- **Morgan Guitton** VP Programs at Cycle Momentum
- **Alexandria Papillo** Director of Finance
- **Antonella Penta** Partner
- **Benoit Forcier** Senior Partner
- **Carolina Sanchez-Badini** Associate Cycle H2O Fund
- **Catherine Bérubé** Chairwoman of the Board of Directors
- **Cycle Momentum** Partner
- **Delia Cristea** Partner

And 19 more on the team.

Advisers *Martin Lussier* *Patrick Préfontaine*

## Everyone who backed them

[Y Combinator](https://millionrounds.com/fund/y-combinator) Accelerator **1** round

[Export Development Canada](https://millionrounds.com/fund/export-development-canada) Government **1** round

[Investissement Quebec](https://millionrounds.com/fund/investissement-quebec-2) Investment firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=cycle-momentum).

## Quick answers about Cycle Momentum

### Who invested in Cycle Momentum?

Cycle Momentum's investors include Y Combinator, Export Development Canada and Investissement Quebec.

### How much has Cycle Momentum raised?

Cycle Momentum has raised $800K across 1 round since 2024.

### When did Cycle Momentum last raise?

Cycle Momentum's most recent round was a Grant of $800K in Nov 2024.

### What was Cycle Momentum's biggest round?

Its most recent round, $800K in Nov 2024, is also its largest on record.

### Who backed Cycle Momentum first?

Cycle Momentum's first round on record, in Nov 2024, was backed by Y Combinator, Export Development Canada and Investissement Quebec.

### What stage is Cycle Momentum at?

Cycle Momentum's latest named round is a Grant, in Nov 2024.

### Where is Cycle Momentum based?

Cycle Momentum is based in Canada.

## Companies like Cycle Momentum

In the same sector, and raised in the last eighteen months.

[**Meissner** $2.6M · Sept 2026](https://millionrounds.com/company/meissner)[**TetraGen Robotics** $1.3M · Aug 2026](https://millionrounds.com/company/tetragen-robotics)[**H2nanO** $1.6M · Jun 2026](https://millionrounds.com/company/h2nano)[**Agapyo** $1.9M · Jun 2026](https://millionrounds.com/company/agapyo)[**Creative Destruction Lab** $11M · Jun 2026](https://millionrounds.com/company/creative-destruction-lab)[**Carbon Upcycling** $10M · Apr 2026](https://millionrounds.com/company/carbon-upcycling)

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