Montréal, February 15, 2024 – 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, is pleased to announce the appointment of Maya Hassa as Principal. 

“We are proud to see Maya reach new milestones and take on additional responsibilities,” says Andrée-Lise Méthot, Founder and Managing Partner of Cycle Capital.

Maya Hassa joined Cycle Capital in 2021 as part of the investment team. She previously was an associate in a cleantech investment fund. In April 2022, she moved to CIF, where she started as an Analyst and was subsequently promoted to an Associate position in January 2023. Maya has an undergraduate BSc in Renewable Resource Management from McGill University.

Circular Innovation Fund

The Circular Innovation Fund (“CIF”) is a global growth stage venture capital fund focused solely on circular innovation. It is a joint venture between leading cleantech capital managers – Montreal-based Cycle Capital and Paris-based Demeter. 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: circularinnovationfund.com.

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: cyclecapital.com.

Demeter
Demeter is a major European investment platform dedicated to ecological transition. Demeter has over €1.2 billion under management and has carried out 200 investments since 2005. It invests €1m to €30m to support companies at all stages of development: innovative startups, high growth SMEs and infrastructure projects. Its team of 38 is based in Paris, Lyon, Bordeaux, Grenoble, Metz, Madrid and Düsseldorf. Demeter is a responsible and committed investor, signatory of numerous initiatives such as PRI (Principle for Responsible Investment), CDP (Carbon Disclosure Project), iC20, The Shift Project, and initiatives for gender diversity. All Demeter funds since 2021 are classified “Article 9” under the framework of the new European Sustainable Finance Disclosure Regulation (SFDR). For more information on Demeter, visit: demeter-im.com.

Info
Catherine Bérubé
Partner
[email protected]
+1 514 629-1022