Discover if this is a suitable investor for your startup. If they are we'll make a warm introduction for free. Otherwise, we'll connect you with matching investors.
Fonds Ecofuel is a venture capital fund co-founded by Cycle Capital, focusing on clean technologies. Established to support early-stage and startup companies, the fund has an asset management of approximately CAD 40.6 million. It primarily invests in Eastern Canada, aiming to develop and commercialize innovative clean technologies. The fund is backed by a diverse group of investors, including Investissement Québec, BDC Capital, Fondaction, the Fonds de solidarité FTQ, CRIBIQ, and Desjardins Capital.
Since its inception, Fonds Ecofuel has positioned itself as a key player in the clean tech sector, actively seeking to foster sustainable growth. The fund's commitment to environmental sustainability is reflected in its investment strategy, which emphasizes supporting entrepreneurs who are dedicated to creating impactful solutions for environmental challenges.
Fonds Ecofuel invests in a variety of sectors related to clean technology, including climate, energy, agtech, biotech, and healthcare. The fund targets early-stage companies at the pre-seed, seed, and seed-plus (extension) stages, providing investments ranging from CAD 0 to CAD 1.5 million per funding round. This financial support is designed to help startups develop and commercialize their innovative technologies.
The fund's investment strategy emphasizes the importance of intellectual property that contributes to environmental sustainability. Fonds Ecofuel seeks to partner with entrepreneurs who are committed to creating solutions that address pressing environmental issues. The geographical focus is primarily on Eastern Canada, but it also considers opportunities across North America.
Fonds Ecofuel has a diverse portfolio of companies that exemplify its commitment to clean technology. Notable portfolio companies include:
These companies represent a range of innovative solutions aimed at addressing environmental challenges, showcasing Fonds Ecofuel's focus on impactful investments.
Richard Cloutier: Managing Partner with extensive experience in venture capital and clean technologies. He has a strong background in supporting startups in the clean tech sector.
Johanne Sévigny: Partner with a focus on investment strategy and portfolio management. She has a proven track record in identifying promising clean technology ventures.
Serge Lavergne: Venture Partner with expertise in scaling startups and operational support. He has previously worked with various clean tech companies.
Jonathan Martel-Gagnon: Senior Investment Director with a background in finance and investment analysis. He specializes in evaluating clean technology investments.
Marko Gojgic: Investment Manager focused on sourcing and managing investments in early-stage clean tech companies. He has a keen interest in sustainable technologies.
Caroline Brunet: Executive Assistant providing administrative support to the team and facilitating communication with portfolio companies.
To pitch to Fonds Ecofuel, startups should send their proposals via email to info@fondsecofuel.ca. The pitch deck should include a comprehensive overview of the business model, technology, market analysis, and financial projections. It is advisable to highlight the environmental impact of the proposed solution.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions are preferred, but cold emails are also accepted.
On March 1, 2023, Fonds Ecofuel announced a new investment in AEPONYX, a company developing optical micro-switches aimed at enhancing cloud access sustainability. This investment aligns with the fund's focus on supporting innovative clean technologies.
In January 2023, Fonds Ecofuel completed a funding round for Pyrowave, which utilizes microwave technology to convert plastic waste into new chemicals. This investment underscores the fund's commitment to addressing plastic waste challenges.
What are Fonds Ecofuel's investment criteria?
Fonds Ecofuel focuses on early-stage clean technology companies that develop impactful solutions for environmental challenges. The fund invests in sectors such as climate, energy, agtech, biotech, and healthcare.
How can startups apply or pitch to Fonds Ecofuel?
Startups can pitch to Fonds Ecofuel by sending an email to info@fondsecofuel.ca. It is recommended to include a detailed business plan and information about the technology being developed.
What makes Fonds Ecofuel different from other venture capital firms?
Fonds Ecofuel specializes in clean technologies and provides 'smart capital' to its portfolio companies. This includes not only financial support but also strategic guidance and access to a network of industry experts.
What is the geographical scope of Fonds Ecofuel's investments?
The fund primarily focuses on Eastern Canada but is open to opportunities across North America.
What is the typical check size for investments?
Fonds Ecofuel invests between CAD 0 and CAD 1.5 million per funding round, depending on the stage and needs of the startup.
What kind of post-investment involvement does Fonds Ecofuel have?
Fonds Ecofuel partners closely with entrepreneurs, providing strategic guidance and resources to help them scale their innovations and achieve commercial success.
All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks, and brands does not imply endorsement.