Specialist · Montreal, QC
Fonds Ecofuel
Seed and early-stage equity for cleantech.
- Cheque
- Up to $1.5M
- Role
- Can lead a round
- Pace
- Selective right now
- Kind
- Specialist
- Based in
- Montreal, QC
- Vehicle size
- $41M
- Founded
- 2017
- Works in
- EN + FR
- Last deal seen
- March 2024
- Sectors
- Climate and energy
Their thesis, in full
Montreal cleantech VC providing seed and early-stage equity for Quebec and Eastern Canada, launched July 2017 and co-founded by Cycle Capital (Andree-Lise Methot). The CAD 40.6M fund is run day-to-day by Managing Partners Richard Cloutier and Johanne Sevigny, with cheques up to $1.5M per round across a portfolio of cleantech companies.
What they bring past the cheque
- Cleantech commercialization expertise
- Veteran venture and cleantech leadership
- Quebec energy and industry network
- Pre-seed capital access
- Long-horizon support
Questions they usually ask
Have an answer ready for each one before the first call.
- How far is your clean technology from a first commercial deployment?
- What is the unit economics story once subsidies are stripped out?
- Who pays first, and why now?
Follow-on
Fonds Ecofuel follows selectively into its cleantech portfolio and connects companies to larger climate funds and strategic partners for scale-up rounds. Follow-on depends on technology de-risking and first commercial contracts.
Who to talk to
- Richard CloutierManaging PartnerLinkedIn ↗
- Johanne SévignyManaging PartnerLinkedIn ↗
Portfolio
Names they back, most notable first.
- Brilliant MattersSeed · 2021
- Tengiva
- Rithmik Solutions
- ChrysaLabs
- Pyrowave
- AEPONYX
- Electrobac
- Haila Technologies
Often in the same rounds
Investors seen alongside them in past rounds.
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
Set your stage, sector and amount once. Fractal App tells you if Fonds Ecofuel can lead it, tracks every follow-up, and counts the days of silence. Free, no card.
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