
VC · WATER INVESTOR
Cycle Capital
Cycle Capital is a water-focused venture capital that has backed 4 water companies since 2009. (don't) Waste Water rates its water commitment Anchor.
Anchor
Water Commitment
Type
Venture Capital
AUM
$600M
Founded
2009
Stage
Pre-Seed - Seed
Median round
$2M
Portfolio
4 cos
Water Commitment Score
Tier
Anchor
4 water companies · last deal 2025 · leads ~50% of rounds · High confidence
Compiled from official filings, third-party records, and direct intelligence from investors and founders, in Leviathan · recomputed monthly · as of Jun 2026.
How they invest
Median round$2Mrange $675K - $32.1M · 4 disclosed
Portfolio · 4 water companies
$675KPre-Seed · 2025
$2.2M2025
$1.8MLED Seed · 2025
$32.1MLED 2023
Invests alongside
Fondaction2x
Innovobot Resonance Ventures1x
Groupe Marcel Charest et Fils1xCentre for Excellence in Energy Efficiency1xDesjardins1xSpring Impact Capital1xGreenSky Ventures1x
Export Development Canada1x
Highlighted = profiled on (don't) Waste Water.