Circular Innovation Fund

The Circular Innovation Fund is a global growth-stage venture capital fund that focuses exclusively on circular innovation. It is a joint venture co-managed by Cycle Capital, based in Montreal, and Demeter, based in Paris. The fund invests in growth-stage companies across North America, Europe, and Asia that are developing breakthrough technologies in areas such as new materials, circular packaging, recycling, waste innovations, and eco-efficient business models. L'Oréal is the fund's anchor investor. The fund completed its fundraising at the end of 2023, raising €111 million. It is classified as an "Article 9" fund under the European Sustainable Finance Disclosure Regulation (SFDR).