Circular Innovation Fund
Overview
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).
Portfolio Companies
6
Website
circularinnovationfund.comInvestments
| Company | Date | Stage | Lead |
|---|---|---|---|
| pH7 Technologies | Apr 2026 | Series B | Co-investor |
| Aplantex | Aug 2024 | VC Round | Co-investor |
| Blue Foot Membranes | Jul 2024 | Growth Equity | Co-investor |
| Sparxell | Apr 2024 | Seed | Lead |
| Watttron | Mar 2024 | Series B | Lead |
Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.