FullCycle

What is FullCycle?

FullCycle is an investment firm that operates with a specific focus on climate change mitigation, employing an acceleration ecosystem to expedite the commercialization of technology solutions targeting climate crises.

Their investment thesis revolves around technologies that abate short-lived climate pollutants (SLCPs), such as methane (CH4), hydrofluorocarbons (HFCs), and nitrous oxide (N2O), which are especially potent within their first twenty years of emission. They prioritize sectors that produce the largest proportions of SLCPs.

Leveraging a unique investment model, FullCycle not only backs growth stage companies but also accelerates their global expansion through project-equity funding along with operational and regional expertise. These investments follow their proprietary Carbon Return on Investment (CROI-20) methodology, which assesses investments based on the warming potential of the gases over a two-decade timeframe, representing a more urgent metric than traditional 100-year models. They concentrate on technologically mature solutions, gauged to be at NASA's Technology Readiness Level (TRL) 7 or 8, and exhibit a readiness for wide-scale commercial deployment.

Projects backed by FullCycle promise gigaton-scale CO2 equivalent reductions per year, significant internal rates of return, and enforceable supply and off-take agreements with reputable parties. The firm also maintains a long-term investment perspective, often securing rights to invest in a platform company's project assets through contractual arrangements like a Right of First Refusal (ROFR) at predetermined terms.

Examples of platform companies in their portfolio include Synova, Sustainitech, and InPipe Energy, which present innovations in molecular circularity, sustainable agriculture, and distributed hydro energy, respectively. FullCycle caters to Series B and Series A funding stages, with a minimum investment threshold of $3,000,000, a maximum of $15,000,000, and seeing $10,000,000 as their investment 'sweet spot'.