GaN Systems snags $20 mln

Canada-based GaN Systems Inc, a developer of gallium nitride power switching semiconductors, has raised $20 million in financing. Cycle Capital Management led the round with participation from BDC Capital, Tsing Capital, Chrysalix Energy Venture Capital and RockPort Capital.

Lufa Farms Secures Expansion Financing

Lufa Farms, a commercial rooftop farm, has completed a $4.5 million financing to fund the expansion of its new rooftop farming operations in Quebec. The funds will also be used to begin expansion drives into Boston, New York, Chicago and Toronto. Montreal’s Cycle Capital Management led the investment round, which also included Lufa Farms’ founding team of Hage, Lauren Rathmell and Dave Furneaux.

Cycle Capital Puts $4M into LED Roadway Lighting

Montreal-based Cycle Capital Management has invested $4 million in LED Roadway Lighting Ltd., a Nova Scotia-based designer and manufacturer of LED-based street and area lighting. The investment is part of an $8 million total funding round, and was made in connection with Nova Scotia Business Inc., a business development agency, the firm said. Cycle Capital has $125 million under management and invests primarily in the northeastern of North America.

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