What stage does Canada Growth Fund invest at?

Canada Growth Fund invests at the Growth stage.

Where is Canada Growth Fund located?

Canada Growth Fund is headquartered in Montreal, CA.

Canada Growth Fund

Government fund

Montreal · Growth · 5 people tracked

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Investment thesis

The Canada Growth Fund's mandate is to build a financially prudent portfolio that catalyzes private-sector investment in Canadian companies and projects, helping grow the economy rapidly and at scale while advancing emissions reduction and maintaining Canada's long-term global competitiveness. Its investment strategy focuses on three key areas: projects, clean technologies, and low-carbon supply chains. It plays a value-added role within Canada's investment ecosystem, supporting innovation across sectors such as critical minerals and clean energy.

Invests inAgTech Circular Economy Cleantech Climate Tech Energy Mobility & Transportation New Materials Canada Montreal Montréal North America

Source: firm website, verified Aug 7, 2026.

Stage

Growth

Montreal, QC, CA

Instruments

Equity

Last 12 months

2 investments

AUM

$15B

Tracked investments

Team · 5 people

from the firm's website

Yannick Beaudoin· President and CEO, Canada Growth Fund Investment Management Inc.· Santiago, Santiago Metropolitan Region, Chilein

Serves as president and chief executive officer of Canada Growth Fund Investment Management (GAFCC), the asset manager for the Canada Growth Fund.

Cristina Lopez· Chief Investment Officer at CGFIM· Greater Calgary Metropolitan Areain

Chief Investment Officer overseeing all investment activities including portfolio construction, execution and asset management. Previously worked in cleantech at CGFIM/PSP, and held roles at National Bank of Canada, PrairieSky Royalty, and Macquarie Group.

Patrick Chabot· Managing Director at CGFIM

Managing Director leading the Projects and Cleantech strategies, including carbon capture and sequestration, electrification and clean technologies. Has over 13 years of experience in the energy sector structuring complex legal transactions.

Christopher Baker· Senior Director at CGFIM

Senior Director leading the Low-Carbon Supply Chain investment vertical including critical mineral investments. Has over 17 years of experience in mining and finance and previously worked in Global Metals & Mining investment banking at BMO Capital Markets.

Selin Bastin· Chief Legal Officer of CGFIM· Munich, Bavaria, Germanyin

Chief Legal Officer overseeing legal, regulatory, operational and governance matters and supporting the structuring and execution of investment transactions. Previously General Counsel roles at PSP Investments and a senior associate at Stikeman Elliott LLP.

What they invest in

from 4 of 8 portfolio companies

Cleantech ×3Advanced Manufacturing ×2Climate Tech ×2Energy ×2Biotech ×1Healthtech ×1New Materials ×1

HQs:Canada×2United States×2

Investments · 8 tracked

founders shown can be your intro path

By year:2026 · 2 2025 · 1 2016 · 14 dated

Mangrove Lithiummangrovelithium.com in 𝕏Jan 2026 · $85M✓ verified

Mangrove Lithium operates an electrochemical, modular lithium refining platform that converts raw lithium from brines, hard rock, clay, geothermal DLE, and recycled batteries into battery-grade lithium hydroxide or carbonate.

CleantechEnergyNew Materials

Saad Dara(CEO & Founder)inDavid St. Angelo(Chief Technology Officer)inAnnie Liu(Chief Commercial and Strategy Officer)in

Co-investorsBMW i Ventures Breakthrough Energy Ventures InBC Investment Corp.BDC Capital Corporation

CGFJan 2016

Advanced ManufacturingPetaluma, US

Tom Keefer(Executive Officer, Director)Daniel Brinker(Executive Officer, Director)Mike Keefer(Executive Officer, Director)Bob McHenry(Executive Officer, Director)

Co-investorsRice Investment Group

dcbeldcbel.energySep 2025

Canadian cleantech company in which CGF is a co-investor; Idealist Capital led financing rounds.

Co-investorsCoatue Management WTI

Hydrostorhydrostor.ca in

Hydrostor develops long-duration energy storage using Advanced Compressed Air Energy Storage (A-CAES), a closed-loop system combining air, water, and purpose-built underground hard-rock caverns to store off-peak electricity for the electric grid.

CleantechClimate TechEnergyToronto, CA

CURTIS VANWALLEGHEM(Executive Officer, Director)inTom Duckett(Executive Officer)inSarah Skinner(Executive Officer)inJon Norman(Executive Officer)inChris Phebus(Executive Officer)inPatrick Moyer(Executive Officer)in

Co-investorsAmplify Capital Bild Alternative Investments Corporation Plaza Ventures ArcTern Ventures

Idéaliste Capital

Fund CGF supports to back growing Canadian companies.

Lithium Amérique du Nord

Operator of the largest lithium mine in Canada; CGF committed up to CA$145 million to support its expansion.

Solugensolugen.com in 𝕏Mar 2026 · $50M

Solugen develops a biomanufacturing platform using fermentation and bioprocessing technology to produce specialty chemicals at scale.

Advanced ManufacturingBiotechCleantechClimate TechHealthtechHouston, US

Sean Hunt(Founder/CTO)inGaurab Chakrabarti(Founder)in

BoardSeth Bannon(Director)in

Co-investorsFifty Years Founders Fund Lowercarbon Capital Y Combinator Baillie Gifford GIC +22 more

Solugen

Company in which CGF is a co-investor; Idealist Capital led financing rounds.

Portfolio news

latest coverage across their companies

EnerPure raises US $35M from CGF and Rice Investment Group | Private Capital Journal

CGF · privatecapitaljournal.com · Aug 20, 2026

Funding and M&A Roundup: Form Energy Raises $750 Million in Series G Funding - Mercom Capital Group

Hydrostor · mercomcapital.com · Aug 19, 2026

AgriFood Signals: Solugen nabs $36m for nitrogen fertilizer, Corteva & Resurrect Bio partner, the 'Wikipedia' of farming

Solugen · agfundernews.com · Mar 19, 2026

Mangrove Lithium is raising $85M led by Canada Growth Fund to scale refining tech

Mangrove Lithium · axios.com · Jan 15, 2026

dcbel secures additional funding from Fidelity | Private Capital Journal

dcbel · privatecapitaljournal.com · Sep 3, 2025

Frequently asked questions

What stage does Canada Growth Fund invest at?: Canada Growth Fund invests at the Growth stage.
What sectors does Canada Growth Fund focus on?: Canada Growth Fund focuses on AgTech, Circular Economy, Cleantech, Climate Tech, Energy, Mobility & Transportation, New Materials.
Where is Canada Growth Fund located?: Canada Growth Fund is headquartered in Montreal, CA.

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