![]() ![]() With the Circular Innovation Fund, we are joining forces with other committed actors to scale circular and profitable solutions for sustainable growth.” – Alexandra Palt, Chief Corporate Responsibility Officer and CEO of the Fondation L’Oréal. At L’Oréal we believe that Impact investment is a powerful tool to tackle the biggest environmental issues and accelerate the necessary green transition. “In a context of “it is now or never” as the last IPCC report said, private companies such as L’Oréal, have an increased role to play in supporting solutions which are critical for the future of our planet and humankind.The fund also benefits from a broad range of investors including, strategic investor Axens, family offices including Haltra and Claridge, as well as private investors and the managers. The fund managers’ compensation is also aligned on the achievement of a selection of pre-determined impact goals.Īnchor investor L’Oréal is contributing €50M through its L’Oréal for the Future sustainability program. The fund’s robust, reliable and innovative impact measurement methodology integrates due diligence and continued monitoring on critical non-financial KPIs including greenhouse gas emissions reductions, resource use and diversity over the investment horizons of portfolio companies. ![]() The fund will capitalize on the managers’ experience of investing in venture, private equity and infrastructure in cleantech to the growing need for market-ready solutions to convene capital towards talented entrepreneurial teams that are deploying those innovations.ĬIF is an impact innovation fund classified as Article 9 under the EU’s Sustainable Finance Disclosure Regulation. With this fund, the managers join their resources to scale circular, sustainable and profitable growth stage solutions from North America, Europe and Asia that positively contribute to climate change mitigation and circular use of resources across various sectors including new materials, packaging, recycling & waste, logistics, eco-efficient processes & design. Montreal and Paris, Ap– Cycle Capital and Demeter, leading cleantech-focused capital managers, announced today ahead of Earth Day the successful first close for its new US$160M – €150M Circular Innovation Fund (“CIF”) with participation of anchor investor L’Oréal. News Release Cycle Capital and Demeter announce first close for new Circular Innovation Fund to scale breakthrough circular solutions Supported by strategic investor L’Oréal, Circular Innovation Fund aims at scaling growth stage circular innovations and business models across various sectors based Closed Loop Venture Fund II and European Circular Bioeconomy Fund (ECBF). Managed by a joint entity of Cycle Capital and Demeter, Circular Innovation 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.ĬIF investment team will consist of Senior Partner Benoit Forcier and Analyst Maya Hassa from Montreal office and Senior Partner Mathieu Goudot and Principal Adeline Kempf from Paris office.įollowing the initial close, Circular Innovation Fund made two indirect investments in two early-stage funds focused on circular innovation – U.S. affiliate, Axens, Haltra, and private investors and the managers.Ĭircular Innovation Fund is a global growth stage venture capital fund focused solely on circular innovation. Other LP investors include a Claridge Inc. Retail Funds Retail Funds, MICs, Public Traded Funds, Private Debt/Royalty FundĬycle Capital and Demeter have held a first close for its new US $160 million or €150 million Circular Innovation Fund (CIF).Īnchor investor L’Oréal is contributing €50M through its L’Oréal for the Future sustainability program. ![]()
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