Investments
32Portfolio Exits
1Funds
1About 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.
Latest Ecofuel Accelerator News
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
32 Investments
Ecofuel Accelerator has made 32 investments. Their latest investment was in ChrysaLabs as part of their Series A on May 5, 2023.
Ecofuel Accelerator Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
5/10/2023 | Series A | ChrysaLabs | $11M | No | Anges Quebec, AQC Capital, BDC Capital, Emmertech, Koan Capital, Leaps by Bayer, and TELUS Ventures | 4 |
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 | |||||
12/9/2020 | Series A - II |
Date | 5/10/2023 | 12/1/2021 | 4/27/2021 | 2/3/2021 | 12/9/2020 |
|---|---|---|---|---|---|
Round | Series A | Series B | Seed VC - II | Seed | Series A - II |
Company | ChrysaLabs | PotLoc | Axya | ||
Amount | $11M | $19.32M | $1.2M | ||
New? | No | No | Yes | ||
Co-Investors | Anges Quebec, AQC Capital, BDC Capital, Emmertech, Koan Capital, Leaps by Bayer, and TELUS Ventures | ||||
Sources | 4 | 2 | 6 |
Ecofuel Accelerator Portfolio Exits
1 Portfolio Exit
Ecofuel Accelerator has 1 portfolio exit. Their latest portfolio exit was Lito on July 30, 2019.
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 | |
Name | Richard Cloutier | |
|---|---|---|
Work History | ||
Title | Chief Executive Officer, President | |
Status | Current |
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