Beyond the Billion

Ecofuel Fund

WHO WE ARE

Ecofuel is a venture capital fund and an accelerator that offers specialized and personalized services to cleantech startups. The Ecofuel Fund invests “smart money” in seed and early stage companies that develop and commercialize clean technologies. The Ecofuel Fund, co-founded by Cycle Capital, has $40.6 millions in assets under management and is sponsored by the following investors: Investissement Québec, acting as mandatory of the Government of Quebec, BDC Capital, the investment arm of the Business Development Bank of Canada (BDC), Fondaction, the Fonds de solidarité FTQ and the Centre québécois de valorisation des biotechnologies (CQVB).

$40,600,000

TARGET SIZE OF FUNDS

Sector

Cleantech, Agtech, Energy, Environment, Property & Real Estate Technology/ Smart Cities

Stage

Seed

Region

North America

Countries

Canada

Founder(s)

Richard Cloutier

Richard is Managing Partner of the Ecofuel Fund and President and CEO of the Ecofuel Accelerator, an early-stage cleantech company accelerator based in Montreal. He boasts more than 30 years of experience in innovation strategy deploying, start-ups launching, business and project development. Before joigning Ecofuel, he was CEO of the Centre quŽbŽcois de valorisation des biotechnologies (CQVB), an organization dedicated to innovation and technology transfer in the bioindustry sector. Prior to that, he was the CEO of Gelkem, a biopharmaceutical private company specialized in therapeutic controlled-delivery. Richard is a lecturer in business startups and innovation, with a specialization in innovative startups and technology transfer at UniversitŽ Laval. He also sits on various boards, including Fonds de Recherche QuŽbec Nature et Technologies and different private societies. Richard is frequently consulted for the elaboration of international trade strategies and has participated in a number of QuebecÕs trade commercial missions overseas. Richard holds a Bachelor of Biochemistry from the UniversitŽ de Sherbrooke and a MBA from the UniversitŽ Laval.

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Beyond The Billion (The Billion Dollar Fund For Women) Copyright © 2018 - 2023

TBDF Ventures LLC (TBDFV), the organizer of Beyond The Billion (BTB), is a company serving the global consortium of investors pledged to invest beyond $1bn collectively into women-founded technology companies and funds and firms that invest in them. BTB builds on the success of The Billion Dollar Fund for Women, the initial campaign co-founded by our founders. BTB is not a venture fund, an investment bank, a broker-dealer, investment clearinghouse, or an investment adviser, but rather a forum in which investors may be educated on aspects of investment and business, as well as introduced to companies for possible investment, in particular, those led by women. Each investor and allocator pledged to BTB’s mission is responsible for his or her own investment decisions, and neither TBDFV nor BTB recommends companies or financial products for investment. Participating funds may be highlighted to various institutional and other investors and managers, with the aim of catalyzing capital towards women-founded companies; but are not guaranteed allocations from any specific fund. The Founders of TBDFV and BTB may hold interests directly or indirectly in featured funds and associated companies. Information is obtained from participant funds, believed to be reliable, but is in no way guaranteed by TBDFV or BTB. No guarantee of any kind is implied or possible where projections of future conditions are attempted.