# Ecofuel

> Ecofuel is a VC fund in Montréal backing Manufacturing and Agriculture. See 27 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Montréal, Canada
- Total investments: 27
- Last investment: May 2023
- Lead investor: 33%
- Fund size: $41M
- Last fund: Jan 2019
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/ecofuel
- X (Twitter): https://twitter.com/EcofuelStartups
- Website: http://ecofuelaccelerate.com/

Ecofuel is a VC fund in Montréal focused on Manufacturing and Agriculture. Ecofuel offers an intensive program of training workshops, networking sessions, and an experienced mentor ecosystem. The objective of the program is to develop entrepreneurs and help in the successful creation of companies. In addition to seed financing of up to $150,000, participating companies are hosted in a dedicated facility in Montreal forthe duration of the program.

## Contacts

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

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Manufacturing | 6 | 22% |
| Agriculture | 3 | 11% |
| Semiconductor | 3 | 11% |
| Telecommunications | 3 | 11% |
| AgTech | 2 | 7% |

47 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 10 | 37% |
| Pre-Seed | 8 | 30% |
| Series A | 3 | 11% |
| Funding Round | 2 | 7% |
| Series B | 1 | 4% |

7 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Canada | 20 | 74% |
| United States | 1 | 4% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Richard Cloutier | Managing Partner & CEO | 13 | https://shizune.co/investors/profile/richard-cloutier |
| Catherine Bérubé | Head of Communications and Public Relations | 0 | https://shizune.co/investors/profile/catherine-b%C3%A9rub%C3%A9 |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| ChrysaLabs | ChrysaLabs has developed a real-time, portable and accurate soil fertility assessment technology to enable growers and agronomists to better managed their fertilizers and increase their yield. | $11.2M | Series A | May 09, 2023 |  |
| 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! | $15.6M | Series A | Dec 09, 2020 |  |
| Calogy Solutions | Calogy Solution is a developer of thermal management technologies designed to assist in electric transportation applications. The company's technologies include thermal and CFD calculations for electronics thermal management, custom-designed compact liquid cooling, heat pipes, and vapor chambers and a wide range of thermal characterization,testing and validation services by exposing microelectronic components to various temperature conditions, enabling clients to identify and thereafter rectify the thermal challenges in their products. | $1.2M | Pre-Seed | Jun 01, 2020 |  |
| HaiLa | HaiLa uses existing signals such as WIFI, Zigbee and Bluetooth to ride sensor data reducing the energy consumption of sensors by a factor of 1000. The result is a more efficient sensor that requires little to no maintenance. | $5M | Seed | May 26, 2020 |  |
| 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. | $3.7M | Seed | May 26, 2020 |  |
| Pyrowave | Pyrowave is a pioneer of the Plastic-to-Plastic microwave-based chemical recycling technology that allows post-consumer and post-industrial plastics to be regenerated and restored to their full value. Its patented high-power microwave catalytic depolymerization technology platform is the most advanced worldwide and is now at the forefront of thenew generation of plastics. By bringing plastics back to their molecular state identical to virgin materials, Pyrowave technology allows infinite recycling of plastics. |  | Series B | Apr 30, 2020 |  |
| 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. |  | Pre-Seed | Apr 30, 2020 |  |
| Rithmik Solutions | We increase uptime in mines with advanced analytics that optimize maintenance and extend equipment life. |  |  | Apr 06, 2020 |  |
| Rithmik Solutions | We increase uptime in mines with advanced analytics that optimize maintenance and extend equipment life. |  | Non-equity Assistance | Apr 01, 2020 |  |
| 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. |  | Pre-Seed | Jan 01, 2020 |  |

10 of 27 investments shown.

## Co-investors
- [Cycle Capital](https://shizune.co/investors/profile/cycle-capital) — VC Fund, 3 deals together
- [Desjardins Venture Capital](https://shizune.co/investors/profile/desjardins-venture-capital) — VC Fund, 3 deals together
- [Ecofuel Fund](https://shizune.co/investors/profile/ecofuel-s-seed-investment-fund) — VC Fund, 3 deals together
- [BDC Venture Capital](https://shizune.co/investors/profile/bdc-venture-capital) — VC Fund, 2 deals together
- [CapHorn Invest](https://shizune.co/investors/profile/caphorn-invest) — VC Fund, 2 deals together
- [Chrysalix Venture Capital](https://shizune.co/investors/profile/chrysalix-energy) — VC Fund, 2 deals together

## Similar investors

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

## FAQ

### What does Ecofuel invest in?

Ecofuel invests primarily in Manufacturing, Agriculture and Semiconductor startups, most often at Seed and Pre-Seed stage. Most of the 27 investments tracked by Shizune back companies in Canada. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Ecofuel?

Public channels for Ecofuel include LinkedIn, X (Twitter) 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?

The team at Ecofuel includes Richard Cloutier (Managing Partner & CEO) and Catherine Bérubé (Head of Communications and Public Relations). 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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