Concordia University has helped venture capital firm Cycle Capital reach the final close of its latest cleantech-focused fund.
Canada-based venture capital firm Cycle Capital has closed its fourth fund at $145m with backing from Concordia University.
Mining group Rio Tinto, water and waste services provider Suez, renewable power producer Innergex, state-owned energy utility Hydro-Québec and insurance provider La Capitale have also backed the fund.
Export Development Canada, Teralys Capital, Investissement Québec, Fonds de solidarité FTQ, Fondaction, Business Development Bank of Canada, Vancity Financial Cooperative, McConnell Foundation and Trottier Family Foundation were also among the limited partners.
