The Circular Innovation Fund (CIF) – a global venture capital fund focused on circular innovation and jointly managed by European-based Demeter and North American-based Cycle Capital, celebrates the closing of the Circular Innovation Fund 2023 Acceleration Program – Global Edition’s first cohort. L’Oreal, anchor investor in the Circular Innovation Fund, played a key role in the development and success of this program operated by Cycle Momentum. 

Dedicated to the beyond plastic and overcycling sectors, the 2023 cohort regroups exceptional teams commercializing innovative circular technologies :

Aplantex: Aplantex pioneers a unique production method, ensuring a predictable supply with a stable price structure while adhering to ESG principles. Their approach is based on a revolutionary industrial platform that enables them to produce a wide range of high-value-added plant molecules from their optimized biomass.

Discover more at ➡️

Nanomox: Nanomox develops sustainable, cost-effective advanced materials and thin films, including varying-sized metal oxide particles, to enhance efficiency and enable diverse applications. 

Explore their innovations at ➡️

Novobiom: Novobiom leads the way in ecological remediation, offering innovative and competitive solutions for heavily polluted natural resources. Their groundbreaking Mycoremediation approach targets soil contamination. 

Learn more at ➡️

Sparxell: Sparxell revolutionizes the industry with brilliantly colored, eco-friendly materials, including plant-based pigments, glitter, sequins, and films. Backed by cutting-edge research from the University of Cambridge. 

Explore their offerings at ➡️

“The Circular Innovation Fund is dedicated to scaling solutions that positively strive to mitigate climate change and the circular use of resources. In addition to funding, we are excited to collaborate with Cycle Momentum to provide acceleration services and expertise to the most talented early-stage entrepreneurs to bring more innovative solutions to the market. Given the success of this program, we are excited to announce a second edition that will be launched soon”, Andrée-Lise Méthot, Founder & Managing Partner, Cycle Capital

“Cycle Momentum is pleased to have partnered with the Circular Innovation Fund to support entrepreneurs that develop solutions to tackle climate change. Our 2023 cohort was among the most talented and we are sure that they will make a significant impact in the areas of circular economy.” Patrick Gagné CEO, Cycle Momentum

About Circular Innovation Fund

The Circular Innovation Fund (“CIF”) is a global venture capital fund focused solely on circular innovation. It is a joint venture between leading cleantech capital managers – Paris-based Demeter and Montreal-based Cycle Capital. The fund invests in growth-stage companies from North America, Europe and Asia developing breakthrough new materials, circular packaging, recycling and waste innovations, logistics, as well as eco-efficient processes & design, and circular business models. 

For more information on the Circular Innovation Fund, visit:

About Cycle Capital 

Cycle Capital is a leading ClimateTech venture capital platform scaling impactful, sustainable innovation. Founded in 2009, Cycle Capital invests across North America, Europe and Asia in growing companies commercializing solutions to the major ecological challenges and contributing to a net-zero transition. Cycle Capital is the founder of Cycle Momentum Accelerator + Innovation Engine. Cycle Capital has developed an ESG and impact assessment methodology integrated into the investment workflow from the pre-investment phase to the exit of the portfolio company. 

For more information on Cycle Capital, visit

About Demeter

Demeter is a major European player in venture capital, development capital and infrastructure investment in the energy and ecological transition. Its funds invest from €1 to €30 million to support companies in the sector at all stages of their development: innovative startups, small and medium-sized enterprises, infrastructure projects. Demeter’s 38-strong team, based in Paris, Lyon, Bordeaux, Madrid and Düsseldorf, manages €1.3 billion and has made 230 investments in 17 years.

For more information on Demeter:

About L’Oreal

For over 110 years, L’Oréal, the world’s leading beauty player, has devoted itself to one thing only: fulfilling the beauty aspirations of consumers around the world. Our purpose, to create the beauty that moves the world, defines our approach to beauty as inclusive, ethical, generous and committed to social and environmental sustainability. With our broad portfolio of 37 international brands and ambitious sustainability commitments in our L’Oréal for the Future programme, we offer each and every person around the world the best in terms of quality, efficacy, safety, sincerity and responsibility, while celebrating beauty in its infinite plurality.

With 87 400 committed employees, a balanced geographical footprint and sales across all distribution networks (e-commerce, mass market, department stores, pharmacies, hair salons, branded and travel retail), in 2022 theGroup generated sales amounting to 38.26 billion euros. With 20 research centers across 11 countries around the world and a dedicated Research and Innovation team of over 4 000 scientists and 5 500 tech and digital professionals, L’Oréal is focused on inventing the future of beauty and becoming a Beauty Tech powerhouse.

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About Cycle Momentum 

Cycle Momentum is an accelerator and innovation platform that brings together an international collective of entrepreneurs, leading companies, investors.

Our mission is to find innovative solutions to the major ecological challenges facing humanity. Member of the Cycle Capital Platform, Cycle Momentum provides entrepreneurs with training workshops, networking sessions and mentoring, and works with leading companies to stimulate technology acquisition and integration. 

To increase the impact of its programs, Cycle Momentum has brought together several local and international investment funds as part of its Circle of Partner Funds, whose members are involved with participating startups. In addition, in October 2023, the institution is launching the Origo program, a pre-seed and seed investment matching program for climate tech in Quebec

Cycle Momentum can count on the financial support of the Gouvernement du Quebec, Cycle Capital, Canada Economic Development for Quebec Regions, Investissement Québec, Export Development Canada, Fasken, PricewaterhouseCoopers, and the TELUS Pollinator Fund for Good.

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