Cycle Capital To Close On $100M For 3rd Cleantech Fund

Law360, New York (August 24, 2012, 5:05 PM EDT) -- Canadian venture capital firm Cycle Capital Management is poised to close on a $100 million investment for its third clean technology fund, building on equity already committed by the government of Quebec and various fund-of-funds, a firm representative said Friday.

The Montreal-based firm plans to use Cycle Capital Fund III to invest in cleantech companies at the commercialization stage.

Cycle Capital, which has helped companies such as oil, gas and water purifier ProSep Inc. and wind turbine company Ecocycle, began fundraising in March when Quebec agreed...
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