Circular Innovation Fund

Venture Capital

Global growth-stage venture capital fund focused on circular economy innovation, co-managed by Montreal-based Cycle Capital and Paris-based Demeter, with L'Oreal as strategic anchor investor.

Montreal, Canada · 5+ investments · 3 portfolio companies

Growth
Advanced Materials
Clean Tech
Sustainability
Headquarters
Montreal, Canada
Founded
2022
AUM
$160.0M
Portfolio Companies
3
Total Investments
5
Last Investment
Dec 2025
Geographic Focus
Asia, Europe, North America

Investment Thesis

Invest in growth-stage companies developing breakthrough circular economy solutions — new materials, circular packaging, recycling innovations, eco-efficient processes — to contribute to climate change mitigation.

Circular Innovation Fund is a Venture Capital firm based in Montreal, Canada. It has made 5 investments, including Aplantex, pH7 Technologies and Novobiom. Focus areas include Advanced Materials and Clean Tech.

Portfolio3

Co-investors15

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15 co-investors across 12 shared portfolio companies — who they back alongside, and how often they lead.

Venture Capital ×12 · Angel Investor ×1 · Corporate VC ×1 · 11 shared rounds

Investment History

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