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Ecofuel Accelerator company logo
Incubator/Accelerator
FINANCE | Investment Firms & Funds
ecofuelaccelerate.com

Investments

31

Portfolio Exits

1

Funds

1

About Ecofuel Accelerator

Ecofuel operates a startup accelerator and venture capital fund. The accelerator works with exceptional entrepreneurs in clean technology to help build globally competitive companies. In addition to seed financing of up to $100,000, Ecofuel offers an intensive program of training workshops, networking sessions, and an experienced mentor ecosystem.

Headquarters Location

1000 Sherbrooke Street West Suite 1610

Montreal, Quebec, H3A 0A6,

Canada

514-495-1022

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Latest Ecofuel Accelerator News

Ecofuel Fund completes second close, expands to $40.6 million

Jan 28, 2019

Montreal-based seed-stage cleantech VC Ecofuel Fund recently announced its second closing, bringing its total investor commitments to $40.6 million. The fund amassed an additional $10.6 million to support cleantech companies from Quebec and Eastern Canada. Ecofuel initially closed $30 million in funding December 2017, led by the same LPs. Major investors include Desjardins Capital, Investissement Québec, BDC Capital, Fonds de solidarité FTQ, Fondaction, and the Consortium de recherche et innovations en bioprocédés industriels au Québec (CRIBIQ). “We’re happy to welcome Desjardins Capital as a new investor and receive increased commitment from the Government of Quebec, one of our initial investors,” said Richard Cloutier, managing partner of the Ecofuel Fund. “It is a clear demonstration of our investors’ confidence in our model and the collaborative synergies developed with the Ecofuel Accelerator.”

Ecofuel Accelerator Investments

31 Investments

Ecofuel Accelerator has made 31 investments. Their latest investment was in PotLoc as part of their Series B on December 12, 2021.

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Ecofuel Accelerator Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/1/2021

Series B

PotLoc

$19.32M

No

2

4/27/2021

Seed VC - II

Axya

$1.2M

Yes

6

2/3/2021

Seed

ChrysaLabs

$1.04M

Yes

1

12/9/2020

Series A - II

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$99M

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10

5/26/2020

Seed VC

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$99M

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10

Date

12/1/2021

4/27/2021

2/3/2021

12/9/2020

5/26/2020

Round

Series B

Seed VC - II

Seed

Series A - II

Seed VC

Company

PotLoc

Axya

ChrysaLabs

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Amount

$19.32M

$1.2M

$1.04M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

2

6

1

10

10

Ecofuel Accelerator Portfolio Exits

1 Portfolio Exit

Ecofuel Accelerator has 1 portfolio exit. Their latest portfolio exit was Lito on July 30, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/30/2019

Acquired

$99M

1

Date

7/30/2019

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

1

Ecofuel Accelerator Fund History

1 Fund History

Ecofuel Accelerator has 1 fund, including Ecofuel Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

1/25/2019

Ecofuel Fund

Early-Stage Venture Capital

Open

$30.7M

2

Closing Date

1/25/2019

Fund

Ecofuel Fund

Fund Type

Early-Stage Venture Capital

Status

Open

Amount

$30.7M

Sources

2

Ecofuel Accelerator Team

2 Team Members

Ecofuel Accelerator has 2 team members, including current Chief Executive Officer, President, Richard Cloutier.

Name

Work History

Title

Status

Richard Cloutier

Chief Executive Officer, President

Current

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Name

Richard Cloutier

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Work History

Title

Chief Executive Officer, President

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Status

Current

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