Organization: Cycle Capital Management

Biofuel firm gets $12M in new round of investment

Quebec’s agtech firm, Agrisoma Biosciences, Inc., has received $12 million from a new round of investors, including Desjardins Capital, a first-time investor. The company, which produces biojet fuel for the aviation industry, has recently struck deals with some global biofuel players, and the new round of funding will help them deploy their commitments and further…

VCs ink MOU with Bioindustrial Innovation Canada on co-investment prospects

Five venture capital firms have signed a Memorandum of Understanding (MOU) with Bioindustrial Innovation Canada (BIC) to explore investment opportunities. The five — ArcTern Ventures, Cycle Capital Management, Fraser Mackenzie Merchant Capital, GreenSky Capital of Canada, and Paris-based Sofinnova Partners – are looking into investments in the bioeconomy and clean technology. The MOU allows the…

GAN Systems raises US$20 million in venture funding

GAN Systems Inc has raised US$20 million in venture capital financing from a consortium of funders led by Montreal-based Cycle Capital Management. The Ottawa-based developer of gallium nitride power switching semiconductors will use the latest funding to ramp up sales and marketing internationally and continue to expand its production line of electronics transistors. GAN is…

GAN Systems raises US$20 million in venture funding

GAN Systems Inc has raised US$20 million in venture capital financing from a consortium of funders led by Montreal-based Cycle Capital Management. The Ottawa-based developer of gallium nitride power switching semiconductors will use the latest funding to ramp up sales and marketing internationally and continue to expand its production line of electronics transistors. GAN is…

Quebec government invests $50 million in clean tech VC

The Quebec government has invested $50 million in the privately run Cycle Capital Management (CCM) venture capital fund aimed at clean tech, with the potential for another $25 million if the fund can secure enough matching industry funding. The fund — Cycle Capital Fund III — targets companies at the commercialization stage that are looking…