- Recent Funding
- Investors
- Cycle Capital
Cycle Capital portfolio
Cycle Capital has 5 portfolio companies on record at Recent Funding, with 1 investment in the last 12 months.
About this page
It is a venture capital firm based in Montreal, CA, founded in 2009. It led 2 of the 4 rounds it joined. Its most recent investment on record is Subeca's $3M Series A round in October 2026, alongside SUEZ Environnement and Burnt Island Ventures. By category, its portfolio leans toward Climate and energy (2) and AI infrastructure and compute (2). It has co-invested with BDC Capital Cleantech Practice, Burnt Island Ventures and SUEZ Environnement, most often BDC Capital Cleantech Practice (2 rounds).
About Cycle Capital
What Cycle Capital invests in
- Climate and energy · 2 · 40%
- AI infrastructure and compute · 2 · 40%
- Manufacturing and industrial · 2 · 40%
- Developer tools and cloud · 1 · 20%
- Education · 1 · 20%
- Robotics and hardware · 1 · 20%
- Data and analytics · 1 · 20%
Cycle Capital recent investments
| Company | Round | Date | Alongside |
|---|---|---|---|
| Series A · $3M | SUEZ Environnement, Burnt Island Ventures (lead) | ||
| Series A · $20M · lead | Real Ventures, BDC Venture Capital (lead), Two Small Fish Ventures +2 | ||
| Series B+ | Export Development Canada (lead), BDC Capital Cleantech Practice, TDK Ventures | ||
| Series B+ · $14M · lead | Vitro, Economic Development of Canada, TDK Corporation +1 |
How Cycle Capital invests
Cycle Capital portfolio companies
SSubeca$3MSeries A · Oct 2026
BBlumind$20MSeries A · Apr 2025
VVueRealSeries B+ · Feb 2025
LLocal Logicbacker
EEcofilter Tekbacker
| Company | Round with Cycle Capital | Total raised | Latest raise |
|---|---|---|---|
Climate and energy |
Series A · $3M | $9M | Oct 12, 2026 Series A |
AI infrastructure and compute |
Series A · $20M · lead | $20M | Apr 10, 2025 Series A |
AI infrastructure and compute |
Series B+ | $24.5M | Feb 5, 2025 Series B+ |
Data and analytics |
backer | undisclosed | — |
Climate and energy |
backer | undisclosed | Nov 4, 2025 Pre-seed |
Most frequent co-investors
BBDC Capital Cleantech Practice2 shared rounds · last Feb 5, 2025
BBurnt Island Ventures1 shared round · last Oct 12, 2026
SSUEZ Environnement1 shared round · last Oct 12, 2026
FFusion Fund1 shared round · last Apr 10, 2025
RReal Ventures1 shared round · last Apr 10, 2025
AACME Capital1 shared round · last Apr 10, 2025
BBDC Venture Capital1 shared round · last Apr 10, 2025
TTwo Small Fish Ventures1 shared round · last Apr 10, 2025
TTDK Ventures1 shared round · last Feb 5, 2025
EExport Development Canada1 shared round · last Feb 5, 2025
- VVitro1 shared round · last Apr 18, 2022
EEconomic Development of Canada1 shared round · last Apr 18, 2022
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CChina Capital Management5 companies · 3 deals in 12 mo
GGalaxy5 companies · 3 deals in 12 mo
FFlume Ventures5 companies · 2 deals in 12 mo
Investors whose portfolios on Recent Funding center on the same category (Climate and energy).
How this is counted
Firm profile: Fundraising Fox Open Dataset v2026-11, CC BY 4.0. Track-record counts are theirs, not Recent Funding's.
Share is of the 4 rounds on Recent Funding that name Cycle Capital. Rounds with no announced date are left out of the year split, and "round" is a round whose stage is not on file.
Portfolio companies are the companies on Recent Funding with a round that lists Cycle Capital, which is a subset of its real portfolio. API: /api/v1/investors/cycle-capital (get a free API key). More: the most active VC firms and new venture capital funds.