Specialist · Montreal, QC
Fonds d’économie circulaire (FEC)
Direct equity for Quebec's circular economy.
- Cheque
- $250k to $2M
- Role
- Can lead a round
- Pace
- Quiet lately
- Kind
- Specialist
- Based in
- Montreal, QC
- Vehicle size
- $18M
- Founded
- 2021
- Works in
- FR + EN
- Last deal seen
- February 2025
Their thesis, in full
$18M Quebec fund (Canada's first circular-economy VC fund) managed by Fondaction Gestion d'actifs with RECYC-QUEBEC and the City of Montreal, providing $250K to $2M in equity and quasi-equity to early-stage circular-economy startups in recycling, eco-construction and agri-food. The fund states on its own page that it is not reviewing new projects at this time, and its most recent announced investment dates from February 2025.
What they bring past the cheque
- Circular-economy specialization
- RECYC-QUEBEC partnership
- Public and municipal network
- Patient impact capital
- Quebec ecosystem access
Questions they usually ask
Have an answer ready for each one before the first call.
- Which material loop does your business close, and how do you quantify the diversion or reuse?
- Is your model economically viable without relying on public subsidy?
- How do you scale a circular operation beyond the Quebec market?
Follow-on
The Fonds d'economie circulaire follows its portfolio with quasi-equity and connects companies to Fondaction's wider capital pools and public partners for later rounds. Follow-on depends on measurable circular-economy outcomes alongside commercial traction.
Portfolio
Names they back, most notable first.
- Mechasys2025
- CarbiCrete
- Brique-Recyc
- Groupe Onym
- Still Good
- Loop Mission
- Dispersa
- Ferme Tournevent
- AssistIQ
Often in the same rounds
Investors seen alongside them in past rounds.
- Fondaction
- RECYC-QUEBEC
- Export Development Canada
- Invest Nova Scotia
- Dragonfly Ventures
- Good & Well
- BoxOne Ventures
Similar investors
Overlapping sectors and stages. Useful to build a list of 10 to 20 names for one round.
See how they fit your round
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