‘The carbon tax is good for business’: Montreal’s Cycle Capital closes new $145-million cleantech fund

MONTREAL — Cycle Capital has closed a new $145-million cleantech fund, including a $10-million investment from Export Development Canada. 

The Montreal-based cleantech VC will use the fund, called Cycle Capital Fund IV, to invest mostly in North America, with a particular emphasis on Canadian companies. Cycle founder and managing partner Andrée-Lise Méthot told The Logic it would particularly target firms with “very deep intellectual property” that can reach international markets. “You want to have a financial impact, but we want to have impact in general, including CO2 reduction,” Méthot said.

    Subscribe now to start reading premium, award-winning journalism.

    By entering your e-mail you consent to receiving commercial electronic messages from The Logic Inc. containing news, updates, offers or promotions about The Logic Inc.’s products and services. You can withdraw your consent at anytime. Please refer to our privacy policy or contact us for more details.

    In-depth, agenda-setting reporting

    Great journalism delivered straight to your inbox.


    Apple, Google curb app store competition, U.S. agency determines

    EU unveils plan for green subsidies, mirroring U.S. Inflation Reduction Act

    World needs Canada to help diversify global critical-mineral supply, IEA head says

    Best business newsletter in Canada

    Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.

    Exclusive events

    See the bigger picture with reporters and industry experts in subscriber-exclusive events.

    Membership in The Logic Council

    Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.

    Canada's most influential executives and policymakers are reading The Logic

    • CPP Investments
    • Sun Life Financial
    • C100
    • Amazon
    • Telus
    • Mastercard
    • bdc
    • Shopify
    • Rogers
    • RBC
    • General Motors
    • MaRS
    • Government of Canada
    • Uber
    • Loblaw Companies Limited