Ecofuel

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 for the duration of the program.

Richard Cloutier

Managing Partner and CEO

25 past transactions

ChrysaLabs

Series A in 2023
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.

Pyrowave

Series B in 2020
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 the new generation of plastics. By bringing plastics back to their molecular state identical to virgin materials, Pyrowave technology allows infinite recycling of plastics.

Rithmik Solutions

Pre Seed Round in 2020
Rithmik Solutions Ltd. is a Montreal-based company that specializes in developing software solutions for the mining industry, focusing on predictive maintenance for mobile mining equipment. Founded in 2017, Rithmik offers an artificial intelligence-driven platform that analyzes equipment health by creating a virtual model of healthy assets, which runs alongside their physical counterparts. This system detects even minor deviations from optimal performance, providing clients with actionable insights to enhance equipment uptime and reduce maintenance costs. By leveraging AI technology, Rithmik Solutions aims to optimize productivity and profitability for its clients in the mining sector.

Axya

Pre Seed Round in 2020
Axya is a startup that operates an online platform designed to connect small and medium-sized shop owners with suppliers in the manufacturing sector. The platform serves as a marketplace that standardizes and centralizes the subcontracting process, facilitating streamlined communication and collaboration between buyers and suppliers. By providing insightful information, Axya helps users navigate the complexities of the manufacturing industry, enabling them to make informed decisions and improve their operational efficiencies.

ORA Graphene Audio Inc.

Convertible Note in 2019
ORA is a Montreal-based startup working with advanced nano-materials to produce unparalleled audio experiences. Their team of sound engineers, chemists and material scientists work with the exciting properties of *Graphene* (the strongest and lightest material known to man) to deliver smaller/lighter, more energy efficient speakers, all while remarkably improving sound quality. With a simple drop-in replacement of the speaker’s membrane, GrapheneQ can 1) extend the battery life of a portable audio device by up to 70% b) generate up to 4x the volume and c) significantly reduce the overall size of the speaker, allowing for bigger batteries/thinner devices. ORA's technology is disrupting a technology that has seen little innovation since its invention in 1921: the loudspeaker!

Potloc

Series A in 2019
Potloc Inc. operates an online consumer insights platform that provides businesses with valuable data regarding consumer preferences and purchasing habits. Founded in 2014 and headquartered in Montreal, Canada, with additional offices in Toronto, Paris, and Geneva, Potloc utilizes innovative surveying methods, including web panels, phone surveys, and geo-targeted surveys through social media, to gather authentic feedback from a diverse audience. This platform enables clients to connect effectively with their target markets and enhance their local business strategies. Trusted by numerous leading brands, consulting firms, and investment funds, Potloc has established itself as a standard in market research by delivering high-quality insights with precision. The company's approach ensures that businesses receive relevant and accurate data tailored to their unique needs, facilitating better decision-making and consumer engagement.

Global Spatial Technology Solutions (GSTS)

Seed Round in 2019
Global Spatial Technology Solutions provides worldwide maritime monitoring and oceanographic coverage. The company also provide maritime vessel management and maritime risk management.

AEPONYX

Series A in 2019
AEPONYX Inc. is a Montreal-based company that designs and manufactures fabless micro optical switch semiconductor chips. Founded in 2011, AEPONYX specializes in creating advanced photonic integrated circuits that leverage a combination of micro-electro-mechanical systems (MEMS) and silicon photonics. These chips are specifically targeted for applications in fiber optic access to the Cloud and optical switching, facilitating enhanced tunability in both transmission and reception within pluggable transceivers. By integrating MEMS with silicon photonics, AEPONYX aims to deliver compact, high-speed, and energy-efficient solutions that support disaggregated switching systems and optical circuit switching. The company's patented technologies position it to contribute significantly to the evolution of optical communications, improving data capacity while reducing power consumption.

Freshr Technologies

Pre Seed Round in 2019
Freshr Technologies specializes in developing compostable active packaging materials aimed at extending the shelf life of fresh foods, with a focus on fresh fish as its initial market. These innovative materials are crafted from naturally derived resources, designed to maintain the texture and moisture of fish while targeting harmful bacteria. This approach not only helps fish processing companies minimize waste but also addresses the growing need for sustainable packaging solutions, reducing reliance on traditional plastics. By combining sustainability with functionality, Freshr Technologies aims to contribute to a reduction in food waste while promoting environmentally friendly practices in the food industry.

Rithmik Solutions

Seed Round in 2019
Rithmik Solutions Ltd. is a Montreal-based company that specializes in developing software solutions for the mining industry, focusing on predictive maintenance for mobile mining equipment. Founded in 2017, Rithmik offers an artificial intelligence-driven platform that analyzes equipment health by creating a virtual model of healthy assets, which runs alongside their physical counterparts. This system detects even minor deviations from optimal performance, providing clients with actionable insights to enhance equipment uptime and reduce maintenance costs. By leveraging AI technology, Rithmik Solutions aims to optimize productivity and profitability for its clients in the mining sector.

Inno-3B

Seed Round in 2018
Inno-3B is smart farming technology in your hands. Their automated, scalable vertical growing systems are the turnkey solutions that will help you grow organic produce, berries and herbs locally, in an environmentally friendly and cost-effective way. Not only that, but their team of geniuses (experienced engineers and agronomic experts) are here to help you learn to manage your growing process at every step.

Nexus Robotics

Pre Seed Round in 2018
Nexus Robotics is an agricultural solutions company focused on enhancing vegetable production through robotics and artificial intelligence. The company's flagship product is an autonomous weeding robot designed to efficiently extract the roots of weeds while minimizing herbicide use. This technology not only distinguishes between crops and weeds but also provides farmers with diagnostic data on crop health, allowing for more informed agricultural decisions. By employing a lower volume of herbicides compared to traditional methods, Nexus Robotics aims to help farmers manage their fields more economically and sustainably.

Electrobac

Seed Round in 2018
Electrobac Inc. is a Montreal-based company founded in 2016 that specializes in the disposal and recycling of electronic waste. It has developed a network of smart bins designed for the convenient collection of unwanted electronic equipment, facilitating the recovery and repackaging of small electronics. Electrobac aims to extend the lifecycle of electronic devices and promote sustainable practices by prioritizing reuse, repair, and refurbishment. The company serves both individual consumers and large businesses, assisting them in integrating circular economy principles into the management of their mobile devices.

Pyrowave

Venture Round in 2018
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 the new generation of plastics. By bringing plastics back to their molecular state identical to virgin materials, Pyrowave technology allows infinite recycling of plastics.

BluWave-ai

Pre Seed Round in 2018
BluWave-ai is a company focused on transforming the global energy landscape by promoting distributed and renewable energy resources, electric transportation, and smart loads. Utilizing a SaaS-based platform powered by artificial intelligence, BluWave-ai optimizes the operation of smart grids and microgrids, ensuring increased affordability, reliability, and sustainability. The platform enables real-time balancing of energy supply and demand, while accurately predicting electricity consumption and generation patterns through machine learning. By partnering with communities, corporations, and utilities, BluWave-ai has helped clients achieve significant savings in capital and operational costs, alongside reducing their carbon footprints. The company's mission is to facilitate universal access to affordable and sustainable energy and transportation systems, catering to a diverse range of clients, including distribution utilities, enterprises, mining operations, campus environments, net zero communities, and remote or off-grid locations worldwide.

Potloc

Seed Round in 2018
Potloc Inc. operates an online consumer insights platform that provides businesses with valuable data regarding consumer preferences and purchasing habits. Founded in 2014 and headquartered in Montreal, Canada, with additional offices in Toronto, Paris, and Geneva, Potloc utilizes innovative surveying methods, including web panels, phone surveys, and geo-targeted surveys through social media, to gather authentic feedback from a diverse audience. This platform enables clients to connect effectively with their target markets and enhance their local business strategies. Trusted by numerous leading brands, consulting firms, and investment funds, Potloc has established itself as a standard in market research by delivering high-quality insights with precision. The company's approach ensures that businesses receive relevant and accurate data tailored to their unique needs, facilitating better decision-making and consumer engagement.

AEPONYX

Seed Round in 2017
AEPONYX Inc. is a Montreal-based company that designs and manufactures fabless micro optical switch semiconductor chips. Founded in 2011, AEPONYX specializes in creating advanced photonic integrated circuits that leverage a combination of micro-electro-mechanical systems (MEMS) and silicon photonics. These chips are specifically targeted for applications in fiber optic access to the Cloud and optical switching, facilitating enhanced tunability in both transmission and reception within pluggable transceivers. By integrating MEMS with silicon photonics, AEPONYX aims to deliver compact, high-speed, and energy-efficient solutions that support disaggregated switching systems and optical circuit switching. The company's patented technologies position it to contribute significantly to the evolution of optical communications, improving data capacity while reducing power consumption.

Materium Innovations

Pre Seed Round in 2017
Materium Innovation specializes in the manufacture of silica microspheres and graphene-enhanced materials, focusing on lightweight and conductive applications across various industries. Their platform produces porous hollow silica microspheres coated with graphene, which significantly increases surface area and enhances thermal and electrical conductivity. This innovative approach enables significant advancements in biotechnology, agriculture, water treatment, cosmetics, pharmaceuticals, and textiles. By offering solutions that reduce material density and effectively encapsulate products and ingredients, Materium Innovation aims to create a high economic and ecological impact in these sectors.

Netlift

Seed Round in 2015
Netlift is a prominent platform that facilitates mixed-mode commuting by offering ride-sharing services for daily travelers. The company's technology matches passengers with drivers who have available seats in their vehicles, allowing commuters to share rides at a nominal cost per trip. By proposing efficient route options, Netlift enhances the commuting experience and helps users navigate their travel needs effectively. Additionally, the platform supports connections between drivers and passengers, improving access to public transit networks in urban areas.

SabrTech

Seed Round in 2015
SabrTech specializes in developing innovative algae technology solutions aimed at promoting sustainability across various industries. The company partners with airlines to enhance eco-friendly flying practices and collaborates with the oil sector to introduce algae-based alternatives. Additionally, SabrTech works alongside non-governmental organizations to advance water recycling initiatives. Their expertise lies in creating algal-derived products such as biofuels, biogas, lubricants, and livestock feed, as well as providing water detoxification and bioremediation services. By focusing on the potential of algae, SabrTech aims to contribute to a healthier and more sustainable future, facilitating the on-site production of algal biomass for diverse applications.

AecopaQ

Pre Seed Round in 2015
AecopaQ Inc. is a Canadian company based in Joliette that develops, produces, and markets food packaging products. Established in 2013, AecopaQ specializes in creating biodegradable, recyclable, and compostable packaging solutions, including trays, clamshells, cups, and bowls. The company focuses on environmentally friendly technologies, aiming to reduce CO2 emissions associated with traditional styrofoam and plastic packaging. Through its innovative products, AecopaQ contributes to sustainability efforts in the food packaging industry.
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