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Cycle Capital announces $145 million Cleantech fund final close, adds EDC as LP
Montreal-based cleantech venture capital firm Cycle Capital has closed $145 million CAD for its cleantech fund, Cycle Capital IV. The startup also announced that Export Development Canada (EDC) is a new limited partner.
As reported in the Logic, EDC is contributing $10 million to the fund. Cycle Capital claims to have $500 million in assets under management. This is the final close for Cycle Capital IV, which announced a $109 million first close of the fund in 2019. The Government of Québec contributed $50 million to the fund at that time through Investissement Québec.