Dusseldorf\/ Paris \u2014 Cycle Capi\u00adtal and Deme\u00adter, leading clean\u00adtech-focu\u00adsed asset mana\u00adgers, announ\u00adced the successful first finan\u00adcing close for their new Circu\u00adlar Inno\u00adva\u00adtion Fund (\u201cCIF\u201d) of $160 million and \u20ac150 million, respec\u00adtively, with parti\u00adci\u00adpa\u00adtion from anchor inves\u00adtor L\u2019Or\u00e9al.<\/p>\n
Anchor inves\u00adtor L\u2019Or\u00e9al is contri\u00adbu\u00adting 50 million euros through its sustaina\u00adbi\u00adlity program L\u2019Or\u00e9al for the Future. The fund also bene\u00adfits from a broad range of inves\u00adtors, inclu\u00adding stra\u00adte\u00adgic inves\u00adtor Axens, family offices such as Haltra and Claridge, as well as private inves\u00adtors and the fund managers.<\/p>\n
Through this fund, the fund mana\u00adgers are pooling their resour\u00adces to scale circu\u00adlar, sustainable and profi\u00adta\u00adble growth solu\u00adti\u00adons from North America, Europe and Asia that posi\u00adtively contri\u00adbute to climate change miti\u00adga\u00adtion and the circu\u00adlar use of resour\u00adces in a variety of sectors, inclu\u00adding new mate\u00adri\u00adals, pack\u00ada\u00adging, recy\u00adcling and waste, logi\u00adstics, eco-effi\u00adci\u00adent proces\u00adses and design. The fund will leverage the invest\u00adment mana\u00adgers\u2019 expe\u00adri\u00adence in venture capi\u00adtal, private equity and infra\u00adstruc\u00adture in the clean\u00adtech sector to address the growing need for market-ready solu\u00adti\u00adons and provide capi\u00adtal for talen\u00adted, entre\u00adpre\u00adneu\u00adrial teams to imple\u00adment these innovations.<\/p>\n
The CIF is a sustainable inno\u00adva\u00adtion fund clas\u00adsi\u00adfied as \u201cArticle 9\u2033 under the EU Regu\u00adla\u00adtion on sustaina\u00adbi\u00adlity-rela\u00adted disclo\u00adsure requi\u00adre\u00adments in the finan\u00adcial services sector. The Fund\u2019s robust, relia\u00adble, and inno\u00adva\u00adtive impact measu\u00adre\u00adment metho\u00addo\u00adlogy includes due dili\u00adgence and ongo\u00ading moni\u00adto\u00adring of criti\u00adcal non-finan\u00adcial metrics, inclu\u00adding green\u00adhouse gas emis\u00adsi\u00adons reduc\u00adtions, resource use, and diver\u00adsity within port\u00adfo\u00adlio compa\u00adnies\u2019 invest\u00adment hori\u00adzons. Fund mana\u00adgers\u2019 compen\u00adsa\u00adtion is also based on the achie\u00adve\u00adment of a selec\u00adtion of prede\u00adfi\u00adned impact targets.<\/p>\n
- \u201cIn a context of \u2018now or never,\u2019 as stated in the latest IPCC report, private compa\u00adnies like L\u2019Or\u00e9al must play a grea\u00adter role in support\u00ading solu\u00adti\u00adons that are criti\u00adcal to the future of our planet and huma\u00adnity. At L\u2019Or\u00e9al, we believe that impact inves\u00adt\u00ading is a powerful tool to address the biggest envi\u00adron\u00admen\u00adtal chal\u00adlenges and acce\u00adle\u00adrate the neces\u00adsary green trans\u00adfor\u00adma\u00adtion. Through the Circu\u00adlar Inno\u00adva\u00adtion Fund, we are joining forces with other commit\u00adted play\u00aders to scale circu\u00adlar and profi\u00adta\u00adble solu\u00adti\u00adons for sustainable growth.\u201d \u2014 Alex\u00adan\u00addra Palt, Chief Corpo\u00adrate Respon\u00adsi\u00adbi\u00adlity Offi\u00adcer and CEO of Fonda\u00adtion L\u2019Or\u00e9al<\/strong>.<\/p>\n Invest\u00adments in early-stage venture capi\u00adtal funds<\/strong><\/p>\n Follo\u00adwing the initial closing, CIF announ\u00adces indi\u00adrect invest\u00adments in two early stage funds focu\u00adsed on circu\u00adlar inno\u00adva\u00adtion \u2014 the U.S. Closed Loop Venture Fund II and the Euro\u00adpean Circu\u00adlar Bioe\u00adco\u00adnomy Fund (\u201cECBF\u201d).<\/p>\n Foun\u00added in 2014, Closed Loop Part\u00adners is a New York-based invest\u00adment firm that includes venture capi\u00adtal, growth capi\u00adtal, private equity and cata\u00adly\u00adtic capi\u00adtal, and an inno\u00adva\u00adtion center focu\u00adsed on advan\u00adcing the circu\u00adlar economy. The company\u2019s venture capi\u00adtal arm, Closed Loop Ventures Group, laun\u00adched in 2017 with one of the first venture capi\u00adtal funds to invest in early-stage disrup\u00adtive compa\u00adnies deve\u00adlo\u00adping breakth\u00adrough solu\u00adti\u00adons to acce\u00adle\u00adrate the tran\u00adsi\u00adtion to a circu\u00adlar economy. In 2021, the Group laun\u00adched its second risk fund to build on this stra\u00adtegy. To date, the team has made more than 30 invest\u00adments in both funds, targe\u00adting high early-stage returns.<\/p>\n ECBF is the first venture fund to invest exclu\u00adsi\u00advely in high-growth compa\u00adnies in the Euro\u00adpean bioe\u00adco\u00adnomy, inclu\u00adding the circu\u00adlar economy. The fund aims to make sustainable invest\u00adments in our future and acce\u00adle\u00adrate the tran\u00adsi\u00adtion from a fossil-based to a bio-based economy. In this way, ECBF supports compa\u00adnies with high inno\u00adva\u00adtion poten\u00adtial, attrac\u00adtive returns and sustainable impact. The CIF invest\u00adment team is actively explo\u00adring a variety of invest\u00adment oppor\u00adtu\u00adni\u00adties and welco\u00admes inqui\u00adries from and colla\u00adbo\u00adra\u00adti\u00adons with foun\u00adders and co-investors.<\/p>\n About Cycle Capital<\/strong> About Deme\u00adter<\/strong> L\u2019Or\u00e9al<\/strong> Dusseldorf\/ Paris \u2014 Cycle Capi\u00adtal and Deme\u00adter, leading clean\u00ad\u00adtech-focu\u00ad\u00adsed asset mana\u00adgers, announ\u00adced the successful first finan\u00adcing close for their new Circu\u00adlar Inno\u00adva\u00adtion Fund (\u201cCIF\u201d) of $160 million and \u20ac150 million, respec\u00adtively, with parti\u00adci\u00adpa\u00adtion from anchor inves\u00adtor L\u2019Or\u00e9al. Anchor inves\u00adtor L\u2019Or\u00e9al is contri\u00adbu\u00adting 50 million euros through its sustaina\u00adbi\u00adlity program L\u2019Or\u00e9al for the Future. The fund [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":39773,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1369,1373],"tags":[],"class_list":["post-39931","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-investors","category-venture-capital-en"],"yoast_head":"\n
\nCIF will also spon\u00adsor a global acce\u00adle\u00adra\u00adtion program through a part\u00adner\u00adship with Cycle Momen\u00adtum. The program provi\u00addes support for seed\/series A stage start\u00adups with cohorts in Europe, North America and Asia over 3 years.<\/p>\n
\nCycle Capi\u00adtal is a sustainable inves\u00adtor and a leading private clean\u00adtech venture capi\u00adtal invest\u00adment plat\u00adform with $600 million in assets under manage\u00adment. With offices in Mont\u00adreal and Toronto, as well as Qing\u00addao, China, and a presence in New York and Seat\u00adtle, Cycle Capi\u00adtal invests throug\u00adhout North America and China in growing and commer\u00adci\u00adally successful compa\u00adnies that have deve\u00adlo\u00adped tech\u00adno\u00adlo\u00adgies to reduce green\u00adhouse gas emis\u00adsi\u00adons and opti\u00admize resour\u00adces and proces\u00adses. Cycle Capi\u00adtal is the foun\u00adder of the Cycle Momen\u00adtum Acce\u00adle\u00adra\u00adtor and Cana\u00addian co-chair of the Beyond the Billion Initia\u00adtive \u2014 an inter\u00adna\u00adtio\u00adnal campaign to mobi\u00adlize a consor\u00adtium of inves\u00adtors to support women foun\u00adders. cyclecapital.com.<\/p>\n
\nDeme\u00adter is a large Euro\u00adpean invest\u00adment plat\u00adform dedi\u00adca\u00adted to ecolo\u00adgi\u00adcal change. Deme\u00adter mana\u00adges over 1 billion euros<\/strong> and has alre\u00adady made 200 invest\u00adments since 2005. Deme\u00adter invests between 1 and 30 million euros to support compa\u00adnies at all stages of deve\u00adlo\u00adp\u00adment: inno\u00adva\u00adtive start\u00adups, high-growth SMEs and infra\u00adstruc\u00adture projects. The 38-strong team works in Paris, Lyon, Bordeaux, Greno\u00adble, Metz, Madrid and D\u00fcssel\u00addorf. Deme\u00adter is a respon\u00adsi\u00adble and commit\u00adted inves\u00adtor and signa\u00adtory to nume\u00adrous initia\u00adti\u00adves such as PRI (Prin\u00adci\u00adple for Respon\u00adsi\u00adble Invest\u00adment), CDP (Carbon Disclo\u00adsure Project), iC20, The Shift Project and gender diver\u00adsity initia\u00adti\u00adves. All new Deme\u00adter funds are clas\u00adsi\u00adfied as \u201cArticle 9\u2033 under the frame\u00adwork of the new Euro\u00adpean regu\u00adla\u00adtion on sustaina\u00adbi\u00adlity-rela\u00adted disclo\u00adsure requi\u00adre\u00adments in the finan\u00adcial services sector. www.demeter-im.com.<\/p>\n
\nFor over 110 years, L\u2019Or\u00e9al, the worl\u00add\u2019s leading beauty care company, has been dedi\u00adca\u00adted to one thing: fulfil\u00adling the beauty desi\u00adres of people around the world. Our goal to create the beauty that moves the world defi\u00adnes our approach to beauty as inclu\u00adsive, ethi\u00adcal, gene\u00adrous, and commit\u00adted to social and envi\u00adron\u00admen\u00adtal sustaina\u00adbi\u00adlity. With our broad port\u00adfo\u00adlio of 35 inter\u00adna\u00adtio\u00adnal brands and our ambi\u00adtious sustaina\u00adbi\u00adlity commit\u00adments under our L\u2019Or\u00e9al for the Future program, we offer the best in quality, effi\u00adcacy, safety, honesty and respon\u00adsi\u00adbi\u00adlity to ever\u00adyone around the world.<\/p>\n","protected":false},"excerpt":{"rendered":"