# Cycle Capital

> Cycle Capital is a VC fund in Montréal backing Manufacturing and Energy. See 84 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Montréal, Canada
- Total investments: 84
- Last investment: Mar 2026
- Lead investor: 39%
- Fund size: $145M
- Last fund: Dec 2020
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/1700728?trk=tyah&trkInfo=clickedVertical%3Acompany%2Cidx%3A1-1-1%2CtarId%3A1429653409227%2Ctas%3ACycle%20Capital
- X (Twitter): https://twitter.com/CycleCapitalVC
- Website: http://www.cyclecapital.com

Cycle Capital is a pioneer in Canadian Cleantech venture capital fund management investing in companies at the development and commercialization stages in North America. Founded in 2009 by Andrée-Lise Méthot, Founder and Managing Partner, Cycle Capital’s Platform has become an important venture capital investor of the Cleantech industry with its 3funds totaling $230M Assets Under Management (AUM). Cycle Capital is looking to invests in promising ventures that are not capital intensive and/or that can benefit from the leverage brought by Cycle Capital extensive network of investors, strategic partners and advisors.In addition to its core investments, Cycle Capital targets companies with high growth potential – especially those with strong intellectual property, leading edge technologies and with exceptional management talent that would benefit from the firm’s network of strategic industrial partners and expert advisors. With its core investment and business expertise, Cycle Capital plays an active role adding meaningful and tangible value to its portfolio companies at all stages of their life.

## Contacts

5 contacts available for Cycle Capital. Shizune tracks 11 team members at Cycle Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/cycle-capital?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $55k–$2.3M |
| Series B | $5.7M–$27M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Manufacturing | 13 | 15% |
| Energy | 10 | 12% |
| Electronics | 9 | 11% |
| Renewable Energy | 9 | 11% |
| Software | 5 | 6% |

87 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 14 | 17% |
| Funding Round | 12 | 14% |
| Seed | 10 | 12% |
| Series A | 7 | 8% |
| Series C | 7 | 8% |

12 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Canada | 33 | 39% |
| United States | 8 | 10% |
| Germany | 1 | 1% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Catherine Bérubé | Head of Communications and Public Relations | 0 | https://shizune.co/investors/profile/catherine-b%C3%A9rub%C3%A9 |
| Louis Carbonneau | Venture Partner | 0 | https://shizune.co/investors/profile/louis-carbonneau |
| Shirley Speakman | Partner | 8 | https://shizune.co/investors/profile/shirley-speakman |
| Amit Srivastava | Senior Partner | 6 | https://shizune.co/investors/profile/amit-srivastava-5 |
| Andrée-Lise Méthot | Founder and Managing Partner | 29 | https://shizune.co/investors/profile/andre-lise-mthot-2 |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| SPARK Microsystems | SPARK Microsystems is a fabless semiconductor company that is leading the way towards ultra-low power wireless communications for the Internet of Things revolution. With its patented technologies, SPARK Microsystems will bring to market a high performance wireless transceiver that allows for orders of magnitude improved power consumption andlatency while providing higher data rates than competing technologies. For more information, please visit www.sparkmicro.com. | $12.4M | Series B | Mar 23, 2026 |  |
| AON3D | AON3D is a manufacturer of high-temperature industrial 3D printers.The AON-M2, its flagship 3D printer, is a direct response to demands for hotter print conditions and the careful thermal control needed for producing strong and dimensionally stable parts from advanced materials. It offers an open filament platform that empowers users to choosethe right materials for their project and slash costs by avoiding expensive proprietary materials and license fees.Founders Andrew Walker, Randeep Singh, and Kevin Han established the company in 2015 in Montreal, Quebec. |  | Venture - Series Unknown | Jan 28, 2026 |  |
| RegenEAU | RegenEAU manufactures systems that recover heat from wastewater to reduce hot water energy use in multi-unit and commercial buildings. | $2.3M | Seed | Jun 03, 2025 |  |
| Blumind | Blumind provides analog machine learning inferencing engines for edge smart sensors and smart devices. | $14M | Series A | Apr 08, 2025 |  |
| BioAlert Solutions | BioAlert Solutions is a device that detects legionella pneumophila in real time. Their product includes daily monitoring, continuous sampling, economical solution, remote controlled , and alarm monitor. | $1.7M | Seed | Mar 26, 2025 |  |
| VueReal | VueReal is engineering the next electronic systems by mass integration of high-efficiency nano/micro-devices into large-area substrates (e.g., displays, sensors, system on panel, and more). They have started by making the true-life experience of micro-LED displays affordable for all applications (TV, laptop, smartphone,virtual/augmented reality, etc.). VueReal technology platform is based on the interplay of cutting-edge micro/nano-device processing, sophisticated integration technologies and advanced system design (hardware and software). VueReal technologies can enhance the experience of existing electronic systems and enable new applications by integrating millions of highly efficient micro-devices (micro-LED) into system substrate. As our Solid Printing (TM) technology works across all substrate sizes, it can develop displays ranging from super high ppi (>4000 ppi) to very large. | $40.3M | Series C | Jan 30, 2025 |  |
| Sonocharge Energy | Sonocharge energy is developing a platform technology that enables a battery to charge. This technology energizes a range of markets such as transportation electric vehicles, e-mobility, electric bikes, scooters, aerospace, electric airplane, and drones. | $23.5M | Venture - Series Unknown | Jan 22, 2025 |  |
| Aqua Membranes | Aqua Membranes is revolutionizing RO membrane filtration with its unique printed spacer technology. The Polymer is applied directly to the flat sheet membrane to create a customized raised pattern that replaces conventional extruded mesh feed spacers. Unlike traditional membrane spacers that trap particles and biofilm within the spacer mesh andthereby obstruct flow, the printed dimensional spacers optimize flow patterns and turbulence throughout the membrane element, minimizing the entrapment of particulates and organic fouling. Printed spacer technology also increases permeate flow, improves flux and recovery, minimizes system pressure drop, and extends the operational life of a membrane element.Aqua Membranes' unique technology is perfect for spiral-wound membrane manufacturers eager to improve their product performance and whose customers demand more durable, low maintenance elements that can withstand challenging feed streams. Its technology provides a more open design and reduces fouling. Their technology offers a significant reduction in both Capital and Operating Expense in membrane plant operations. | $4.2M | Series B | Oct 07, 2024 |  |
| Mysa | Mysa is the first ever high-voltage thermostat that is truly smart. It is fully featured for the conscientious consumer: smart learning features which amount to approximately 15% savings on energy bills, remote access to control their home’s heating through their smartphone from anywhere in the world, and integration with popular smart homeplatforms (Amazon Alexa, Google Home, and Apple Homekit) | $8.1M | Series B | Oct 02, 2024 |  |
| Airex Energy | Airex Energy has successfully developed an exciting new technology for biomass torrefaction. Based on a unique patented cyclonic bed reactor, CarbonFX enables large scale biocoal production from a variety of feedstock, including woody biomass and agricultural waste. |  | Series D | Jun 18, 2024 |  |

10 of 84 investments shown.

## Co-investors
- [Export Development Canada](https://shizune.co/investors/profile/export-development-canada) — VC Fund, 12 deals together
- [Chrysalix Venture Capital](https://shizune.co/investors/profile/chrysalix-energy) — VC Fund, 8 deals together
- [Investissement Quebec](https://shizune.co/investors/profile/investissement-quebec) — VC Fund, 8 deals together
- [Prelude Ventures](https://shizune.co/investors/profile/prelude-ventures-llc) — VC Fund, 8 deals together
- [BDC Venture Capital](https://shizune.co/investors/profile/bdc-venture-capital) — VC Fund, 7 deals together
- [Fonds de solidarité FTQ](https://shizune.co/investors/profile/fonds-de-solidarit-ftq) — VC Fund, 6 deals together

## Similar investors

### Similar industry
- [SVG Ventures](https://shizune.co/investors/profile/svg-ventures) — VC Fund
- [SOSV](https://shizune.co/investors/profile/sosv) — VC Fund
- [Omnivore](https://shizune.co/investors/profile/omnivore-partners) — VC Fund

### Similar stage
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund
- [FJ Labs](https://shizune.co/investors/profile/fj-labs) — VC Fund

### Similar country
- [BDC Venture Capital](https://shizune.co/investors/profile/bdc-venture-capital) — VC Fund
- [Real Ventures](https://shizune.co/investors/profile/real-ventures) — VC Fund
- [Anges Quebec](https://shizune.co/investors/profile/anges-quebec) — VC Fund

## Featured in investor lists
- [Climate Investors](https://shizune.co/investors/climate-investors)
- [Climate VC Funds](https://shizune.co/investors/climate-vc-funds)
- [All Investors in Canada](https://shizune.co/investors/investors-canada)
- [All VC Funds in Canada](https://shizune.co/investors/vc-funds-canada)
- [Energy Investors](https://shizune.co/investors/energy-investors)
- [Energy VC Funds](https://shizune.co/investors/energy-vc-funds)

## FAQ

### What does Cycle Capital invest in?

Cycle Capital invests primarily in Manufacturing, Energy and Electronics startups, most often at Series B and Funding Round stage. Most of the 84 investments tracked by Shizune back companies in Canada. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Cycle Capital's check size?

Cycle Capital typically joins rounds of $55k–$2.3M at Seed and $5.7M–$27M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Cycle Capital participates in.

### How do I contact Cycle Capital?

Public channels for Cycle Capital include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Cycle Capital?

The team at Cycle Capital includes Catherine Bérubé (Head of Communications and Public Relations), Louis Carbonneau (Venture Partner) and Shirley Speakman (Partner), among 11 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co