Specialist · Montreal, QC
MacKinnon, Bennett & Company
Decarb growth equity, institutional anchor LPs.
- Cheque
- $10M to $20M
- Role
- Can lead a round
- Pace
- Selective right now
- Kind
- Specialist
- Based in
- Montreal, QC
- Vehicle size
- $158M
- Founded
- 2007
- Works in
- EN + FR
- Last deal seen
- October 2025
- Stages
- Series A, Series B and later
- Sectors
- Climate and energy
Their thesis, in full
Montreal-based growth equity firm investing in the energy transition (power, mobility, built environment, industrials). Fund III held a first close of $158M in March 2024 and reached its final close on December 2, 2025 as MKB's largest fund to date (final amount not publicly disclosed; lead investors La Caisse, Investissement Quebec and BDC). The $145M figure widely cited in August 2024 referred only to the government-agency commitments at the time, not the final fund size. Fund II closed oversubscribed at $175M in 2021.
What they bring past the cheque
- Cleantech growth capital
- Anchor LP relationships
- Decarb domain depth
- Project finance know-how
- FR-speaking growth team
Questions they usually ask
Have an answer ready for each one before the first call.
- What are your unit economics at commercial scale, and where do they break under stress?
- How do you bridge from your current pilot to first-of-kind commercial deployment financing?
- Which strategic LP, like CGF or CDPQ, becomes your customer or project counterparty?
Follow-on
MKB writes meaningful follow-on cheques into commercial scale rounds and co-invests alongside partners such as Canada Growth Fund and Blue Earth Capital. Founders are expected to share quarterly KPIs and a clear path to scale.
Who to talk to
- Kenneth MacKinnonCo-Founder & Senior Partner
- Antonio OcchioneroManaging Partner
- Chanel DamphoussePartner
- Jesse TeichmanPartner
Portfolio
Names they back, most notable first.
- Rockit Motors (IEC Holden)Series B+ · 2025
- CascadiaSeries B+ · 2025
- CircuitSeries B+ · 2024
- CarbiCreteSeries A · 2022
- Raptor MapsSeries B+ · 2022
- FLOSeries B+ · 2020
Often in the same rounds
Investors seen alongside them in past rounds.
- BDC Capital
- La Caisse (CDPQ)
- Investissement Quebec
- Canada Growth Fund
- Fondaction
- Fonds de solidarite FTQ
- BMO Capital Partners
- Blue Earth Capital
Similar investors
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