# Ecofuel Fund

> Ecofuel Fund is a VC fund backing Manufacturing and Semiconductor. See 26 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Total investments: 26
- Last investment: Dec 2025
- Lead investor: 42%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/fonds-ecofuel-ecofuel-fund/?viewAsMember=true
- Website: https://fondsecofuel.ca/?lang=en

Ecofuel Fund is a VC fund focused on Manufacturing and Semiconductor. Ecofuel is a venture capital fund specialized in cleantech startups.The Ecofuel Fund invests “smart money” in seed and early stage companies that develop and commercialize clean technologies. The Ecofuel Fund has $40.6 millions in assets under management and is sponsored by the following investors: Investissement Québec, acting as mandatory ofthe Government of Quebec, BDC Capital, the investment arm of the Business Development Bank of Canada (BDC), Fondaction, the Fonds de solidarité FTQ and the Quebec consortium for industrial bioprocess research and innovation (CRIBIQ) .

## Contacts

5 contacts available for Ecofuel Fund. Shizune tracks 2 team members at Ecofuel Fund. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/ecofuel-s-seed-investment-fund?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $1.4M–$3.9M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Manufacturing | 4 | 15% |
| Semiconductor | 3 | 12% |
| Telecommunications | 3 | 12% |
| Sensor | 2 | 8% |
| Chemical | 2 | 8% |

34 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 15 | 58% |
| Series A | 3 | 12% |
| Pre-Seed | 1 | 4% |
| Series B | 1 | 4% |
| Funding Round | 1 | 4% |

6 stages tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Johanne Sevigny | Managing Partner | 3 | https://shizune.co/investors/profile/johanne-sevigny |
| Richard Cloutier | Managing Partner | 13 | https://shizune.co/investors/profile/richard-cloutier |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Rithmik Solutions | We increase uptime in mines with advanced analytics that optimize maintenance and extend equipment life. |  | Series A | Dec 01, 2025 |  |
| Rithmik Solutions | We increase uptime in mines with advanced analytics that optimize maintenance and extend equipment life. | $1.5M | Seed | Mar 21, 2024 |  |
| HaiLa Technologies Inc. | HaiLa is a fabless semiconductor and software company focused on hyper power-efficient wireless communications system-on-chip solutions.​Founded in 2019, HaiLa's mission is to enable sustainable scaling of IoT sensor deployments, across multiple applications, over existing wireless infrastructure. We address this through massive reductionin power consumption of the sensor's wireless radio, which eliminates the need for sensor batteries. | $7.6M | Venture - Series Unknown | Oct 11, 2023 |  |
| Brilliant Matters | Brilliant Matters was created by passionate material scientists to answer the need for a reliable supply of a new generation of organic semiconductors. By using innovative chemical processes, we provide value-added and environmentally friendly solutions to emerging printed electronics technologies. | $3.8M | Seed | Sep 28, 2023 |  |
| FTEX | FTEX Develops next-generation GaNFET based Electric Vehicle (EV) powertrains that extend the range and power of EVs by up to 30%. | $1.4M | Seed | Aug 01, 2022 |  |
| POTLOC | Trusted by hundreds of leading brands, organizations, consulting firms and investment funds, Potloc provides market insights that help companies connect with their target audiences from around the world.Founded in 2014, Potloc has quickly become the new standard in market research. Using our revolutionary sampling technology, we providehigh-quality data insights with pinpoint accuracy, allowing businesses to easily connect with consumers and professionals alike.With over 4.6 billion users on social media alone, Potloc gathers honest opinions and valuable feedback from the largest panel in the world. We also use other surveying methodologies to always ensure you’re getting the most accurate and appropriate insights based on your specific needs. If you’re a business looking for authentic and impactful insights, or a talented individual looking for a Great Place to Work, we’re ready to start the conversation! | $27.1M | Series B | Jun 21, 2022 |  |
| Tengiva | Tengiva is the commercial operating software that enables textile suppliers to effectively run their business with easy-to-use sales tools, order management, embedded payments processing, fulfilment, automated logistics, CRM, inventory management and more. Built on a unified database, the software also powers white-labeled marketplaces ande-commerce channels for industry aggregators, allowing suppliers to instantly distribute across an interconnected ecosystem of trade shows and sales channels with a single click while creating powerful network effects across the textile supply chain. | $2.5M | Seed | May 04, 2022 |  |
| Axya | Axya startup created an online platform connecting small and medium-sized shop owners with suppliers. It provides an easy-to-use marketplace that standardizes and centralizes the subcontracting process for the manufacturing industry. | $3.9M | Seed | Feb 09, 2022 |  |
| FTEX | FTEX Develops next-generation GaNFET based Electric Vehicle (EV) powertrains that extend the range and power of EVs by up to 30%. | $389K | Pre-Seed | Aug 01, 2021 |  |
| Brilliant Matters | Brilliant Matters was created by passionate material scientists to answer the need for a reliable supply of a new generation of organic semiconductors. By using innovative chemical processes, we provide value-added and environmentally friendly solutions to emerging printed electronics technologies. | $3.5M | Seed | Jul 01, 2021 |  |

10 of 26 investments shown.

## Co-investors
- [Chrysalix Venture Capital](https://shizune.co/investors/profile/chrysalix-energy) — VC Fund, 5 deals together
- [Investissement Quebec](https://shizune.co/investors/profile/investissement-quebec) — VC Fund, 4 deals together
- [Anges Quebec](https://shizune.co/investors/profile/anges-quebec) — VC Fund, 3 deals together
- [Ecofuel](https://shizune.co/investors/profile/ecofuel) — VC Fund, 3 deals together
- [Sprout Fund LP](https://shizune.co/investors/profile/sprout-fund-lp) — VC Fund, 3 deals together
- [TandemLaunch](https://shizune.co/investors/profile/tandemlaunch-technologies) — VC Fund, 3 deals together

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## FAQ

### What does Ecofuel Fund invest in?

Ecofuel Fund invests primarily in Manufacturing, Semiconductor and Telecommunications startups, most often at Seed and Series A stage. Most of the 26 investments tracked by Shizune back companies in Canada. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Ecofuel Fund's check size?

Ecofuel Fund typically joins rounds of $1.4M–$3.9M at Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Ecofuel Fund participates in.

### How do I contact Ecofuel Fund?

Public channels for Ecofuel Fund include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Ecofuel Fund?

The team at Ecofuel Fund includes Johanne Sevigny (Managing Partner) and Richard Cloutier (Managing Partner). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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