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Ecofuel Fund

Impact investor

Montreal · Pre-Seed–Seed · 7 people tracked

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Investment thesis

The Ecofuel Fund partners with entrepreneurs to invest in seed-stage cleantech companies based in Eastern Canada. Target companies must own intellectual property on disruptive technologies that deliver environmental added value. Beyond capital, the fund leverages its network of partners and investors to provide expertise and 'smart capital,' aiming to help portfolio companies grow into sustainable, profitable and globally competitive businesses. The fund can invest up to $1.5M per round in selected companies.

Source: firm website, verified Aug 2, 2026.

Stage
Pre-Seed–Seed
Check
$1.5M
HQ
Montreal, CA
Instruments
Equity

Team · 7 people

from the firm's website
Johanne Sevigny· Managing Partner

Managing partner of the Ecofuel Fund with over 30 years of experience in entrepreneurship, venture capital and senior management. Previously VP of Companies at the Ecofuel Accelerator, senior director at BDC, and portfolio manager at several Montreal VC funds.

Johanne Sévigny· Managing Partner

Managing partner of the Ecofuel Fund with over 30 years in entrepreneurship, venture capital and senior management. Previously VP Companies at the Ecofuel Accelerator, senior director at BDC, and portfolio manager at several Montreal VC funds.

Richard Cloutier· Managing Partner

Managing partner of the Ecofuel Fund with nearly 40 years in innovation, entrepreneurship and senior management. Former President and CEO of the Ecofuel Accelerator and of the Québec Center for the Valorization of Biotechnology, and founder/CEO of biopharmaceutical company Gelkem.

Jonathan Martel-Gagnon· Principal

Financial and risk analyst at the Ecofuel Fund with five years of experience in project management, energy procurement and financial analysis. Previously worked at EnGlobe and Resolute Forest Products.

Serge Lavergne· Partner

Venture Partner at the Ecofuel Fund with 30 years of experience spanning engineering, waste management, and company financing. Previously VP Investments at the Innovexport Fund and an investor in Anges Québec.

Caroline Brunet· Executive Assistant

Executive assistant for the Ecofuel Fund with over 25 years of administrative and executive support experience across engineering, veterinary medicine, and education.

Marko Gojgic· Associate

Associate at the Ecofuel Fund who joined as an analyst in 2020. Previously a self-employed financial security advisor and worked briefly in biotechnology.

Frequently asked questions

What stage does Ecofuel Fund invest at?
Ecofuel Fund invests at the Pre-Seed, Seed stages.
What is Ecofuel Fund's typical check size?
Ecofuel Fund typically writes checks of $1.5M.
What sectors does Ecofuel Fund focus on?
Ecofuel Fund focuses on Cleantech, Climate Tech, Impact & Social Good.
Where is Ecofuel Fund located?
Ecofuel Fund is headquartered in Montreal, CA.

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