# Cycle Capital: portfolio, investments and team

> Cycle Capital is a private equity based in Canada. 30 investments on record, 1 in the last 12 months, latest Aug 2026. Portfolio, stages, co-investors and team.

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

Canada · [Investor](https://millionrounds.com/investors)

# Cycle Capital

Last cheque observed Aug 2026; 30 cheques on record.

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Deploying now New fund, Jul 2024 Private equity

Seed Series A Series B Industry Agnostic Sector Agnostic No Sector

Follow Cycle Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fcycle-capital)

Deploying now

**100%** of best year **1** **cheques in 12 months**, 30 on record

Since the last cheque **69** days **00** hrs **00** min **00** sec

Median round **$8.5M** Cheque size, as they say **$105K – $110K** Rounds led **2 of 30** Sole investor **8 rounds** Mostly in **Canada, 90%**

Pitch Cycle Capital

## Cycle Capital highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Venture and Seed: 64% of its rounds
- 03 Sole investor in 8 rounds, median $1.5M

## What they do

> Nous sommes des entrepreneur.e.s financiers. Nous voyons grand, visons haut et mettons en œuvre tous les moyens nécessaires pour passer du rêve à la réalité. From their own website

- **Type:** Private equity (from a list, unverified)
- **Cheque size:** $105K – $110K as they say
- **Stages:** Seed Series A Series B Growth
- **Sectors:** Industry Agnostic Sector Agnostic No Sector
- **Based in:** Montreal, Canada
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **30 appearances**

- **2026** 1 round
- **Aug** **[Quintessent](https://millionrounds.com/company/quintessent)** Series A · US · Ventureburn **$40M** *Led*
- **2018** 1 round
- **Jun** **[Polystyvert](https://millionrounds.com/company/polystyvert)** CA · FinSMEs **$8.5M** With 4 others
- **2016** 1 round
- **Jun** **[Netlift](https://millionrounds.com/company/netlift)** Seed · CA · BetaKit: funding **$1.3M** *Led*
- **2015** 8 rounds
- **Jun** **[YWire technologies](https://millionrounds.com/company/ywire-technologies)** Seed · CA **$203K** Sole investor
- **Jun** **[MineSense Technologies](https://millionrounds.com/company/minesense-technologies)** Series B · CA **$6.4M** With 3 others
- **May** **[GaN Systems](https://millionrounds.com/company/gan-systems)** Series C · CA **$20M** With 4 others
- **Feb** **[SabrTech](https://millionrounds.com/company/sabrtech)** Seed · CA **$60K** With 1 other
- **Feb** **[FilmOrganic](https://millionrounds.com/company/filmorganic)** Seed · CA **$60K** With 1 other
- **Feb** **[Netlift](https://millionrounds.com/company/netlift)** Seed · CA **$60K** With 1 other
- **Feb** **[Inocucor Technologies](https://millionrounds.com/company/inocucor-technologies)** Series A · CA **$794K** With 1 other
- **Jan** **[YWire technologies](https://millionrounds.com/company/ywire-technologies)** Venture · CA **$669K** Sole investor
- **2014** 7 rounds
- **Nov** **[GreenMantra Technologies](https://millionrounds.com/company/greenmantra-technologies)** Venture · CA **$17M** With 1 other
- **Sept** **[Agrisoma Biosciences](https://millionrounds.com/company/agrisoma-biosciences)** Series A · CA **Undisclosed** With 1 other
- **Aug** **[YWire technologies](https://millionrounds.com/company/ywire-technologies)** Venture · CA **$460K** Sole investor
- **Aug** **[Inocucor Technologies](https://millionrounds.com/company/inocucor-technologies)** Venture · CA **$2.4M** With 1 other
- **Jun** **[Lufa Farms](https://millionrounds.com/company/lufa-farms)** Venture · CA **$1.4M** With 1 other
- **Jun** **[Airex Energy](https://millionrounds.com/company/airex-energy)** Seed · CA **$3.0M** With 1 other
- **Jun** **[Laboratoire M2](https://millionrounds.com/company/laboratoire-m2)** Seed **$1.1M** With 1 other
- **2013** 5 rounds
- **Sept** **[Inocucor Technologies](https://millionrounds.com/company/inocucor-technologies)** Venture · CA **$1.5M** Sole investor
- **Jul** **[Lufa Farms](https://millionrounds.com/company/lufa-farms)** Venture · CA **$2.4M** With 1 other
- **Jun** **[Enerkem](https://millionrounds.com/company/enerkem)** Growth · CA **$49M** With 4 others
- **Jun** **[Enerkem](https://millionrounds.com/company/enerkem)** Series D · CA · newswire.ca **$49M** With 4 others
- **May** **[YWire technologies](https://millionrounds.com/company/ywire-technologies)** Venture · CA **$1.4M** Sole investor
- **2011** 5 rounds
- **Jun** **[LED Roadway Lighting](https://millionrounds.com/company/led-roadway-lighting)** Venture · CA · pehub.com **$4.0M** Sole investor
- **Jun** **[Enerkem](https://millionrounds.com/company/enerkem)** Growth · CA · gigaom.com **$60M** With 4 others
- **May** **[American Aerogel](https://millionrounds.com/company/american-aerogel)** Venture · US · sec.gov **$8.0M** Sole investor
- **May** **[Harvest Power](https://millionrounds.com/company/harvest-power)** Series B · US · masshightech.com **$6.3M** With 9 others
- **Feb** **[UTILICASE](https://millionrounds.com/company/utilicase)** Venture · CA · earthtimes.org **$5.0M** Sole investor
- **2010** 2 rounds
- **May** **[Energate](https://millionrounds.com/company/energate)** Series B · CA · energateinc.com **$7.2M** With 1 other
- **Feb** **[Enerkem](https://millionrounds.com/company/enerkem)** Growth · CA · altassets.com **$54M** With 5 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **9** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

New fund on file

**Raised**

a new fund in Jul 2024

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A Series B

Median round joined **$8.5M** the round, not its cheque Alone, median **$1.5M**

Led 2 of 30 rounds **7%**

- **Said size:** $105K – $110K
- **Sole investor:** 8 rounds
- **Last cheque:** Aug 2026

Rounds by stage said on their site

- Venture *11*
- Seed said *7*
- Growth said *3*
- Series B said *3*
- Series A said *3*
- Series C *1*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [Braemar Energy Ventures](https://millionrounds.com/fund/braemar-energy-ventures) 4
- [Waste Management and Cycle Capital](https://millionrounds.com/fund/waste-management-and-cycle-capital) 4
- [Waste Ventures](https://millionrounds.com/fund/waste-ventures) 4
- [Desjardins Innovatech](https://millionrounds.com/fund/desjardins-innovatech) 3
- [Ecofuel](https://millionrounds.com/fund/ecofuel) 3
- [Rho Capital Partners](https://millionrounds.com/fund/rho-capital-partners) 3

**Pitching Cycle Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Cycle Capital. A count of rooms they were both in, not a relationship either has claimed.

[**Braemar Energy Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/braemar-energy-ventures)[**Waste Management and Cycle Capital** Growth equity **4** rounds together](https://millionrounds.com/fund/waste-management-and-cycle-capital)[**Waste Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/waste-ventures)[**Desjardins Innovatech** Investment firm **3** rounds together](https://millionrounds.com/fund/desjardins-innovatech)[**Ecofuel** Accelerator **3** rounds together](https://millionrounds.com/fund/ecofuel)[**Rho Capital Partners** Private equity **3** rounds together](https://millionrounds.com/fund/rho-capital-partners)[**BDC Capital** VC firm **2** rounds together](https://millionrounds.com/fund/bdc-venture-capital)[**Chrysalix Energy Venture Capital** Growth equity **2** rounds together](https://millionrounds.com/fund/chrysalix-energy-venture-capital)[**Groupe Montoni Division Construction** Investment firm **2** rounds together](https://millionrounds.com/fund/groupe-montoni-division-construction)[**The Westly Group** VC firm **2** rounds together](https://millionrounds.com/fund/westly-group)

## Recently backed

The latest companies Cycle Capital put money into.

[**Quintessent** $40M · Aug 2026](https://millionrounds.com/company/quintessent)[**Polystyvert** $8.5M · Jun 2018](https://millionrounds.com/company/polystyvert)[**Netlift** $1.3M · Jun 2016](https://millionrounds.com/company/netlift)

## Quick answers about Cycle Capital

### What does Cycle Capital invest in?

Cycle Capital invests most often at Venture and Seed (64% of the rounds on record), in sectors such as Industry Agnostic, Sector Agnostic and No Sector.

### How active is Cycle Capital?

30 investments on record, 1 of them in the last 12 months, and it led 2. The most recent was in Aug 2026.

### What has Cycle Capital invested in recently?

Its most recent investments on record: Quintessent (Series A, Aug 2026), Polystyvert (Undisclosed round, Jun 2018) and Netlift (Seed, Jun 2016).

### How big are Cycle Capital's cheques?

The median round it joins is $8.5M. It says it writes cheques of $105K to $110K.

### Does Cycle Capital lead rounds?

Sometimes: it led 2 of its 30 investments on record (7%).

### Where does Cycle Capital invest?

Most of the companies it backs are in Canada (90%) and the United States (10%).

### Is Cycle Capital investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

### Who does Cycle Capital invest alongside?

Most often Braemar Energy Ventures (4 rounds together), Waste Management and Cycle Capital (4 rounds together) and Waste Ventures (4 rounds together).

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