Ecofuel

Ecofuel Accelerator is a Quebec-based firm established in 2014 that specializes in supporting clean technology startups. The accelerator provides seed financing of up to $150,000, primarily through convertible notes. It runs a rigorous selection process to choose up to six teams for its intensive 10-16 week programs, which occur twice a year. Participants benefit from a comprehensive curriculum that includes training workshops, networking opportunities, and access to an experienced mentor ecosystem. The program aims to foster entrepreneurship and facilitate the successful establishment of new companies in the clean technology sector. Additionally, teams are hosted in a dedicated facility in Montreal for the duration of their participation, enhancing their collaborative experience.

Morgan Guitton

Director of Operation

Past deals in Montreal

ChrysaLabs

Series A in 2023
ChrysaLabs develops a portable probe that can measure in real-time soil nutrients and soil health for producers and agronomists. It also develops a management platform which enables workers to access data and take action. The company was founded in 2017 and is based in Montreal, Canada.

HaiLa Technologies Inc.

Seed Round in 2020
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.

Rithmik Solutions

Pre Seed Round in 2020
Rithmik Solutions Ltd. develops and operates software solution for mining industry. The company offers Asset Health Analyzer, an artificial intelligence (AI) based solution that analyze mining equipment and provides indicator for equipment issues. Its solution tracks equipment health and helps to reduce maintenance. Rithmik Solutions Ltd. was founded in 2017 and is based in Montreal, Canada.

Axya

Pre Seed Round in 2020
Axya, formerly known as GRAD4 Inc., is a Montreal-based company that has developed an artificial intelligence platform aimed at automating industrial operations. The platform offers a software as a service (SaaS) solution that connects small and medium-sized manufacturing shop owners with suppliers, streamlining the subcontracting process for computer numerical control (CNC) machining, sheet metal, and parts manufacturing. Additionally, Axya provides contract management, quotation receipt, tender approval, and data analysis services, all designed to enhance efficiency in the manufacturing sector. Established in 2019, the company's marketplace standardizes and centralizes the subcontracting process, making it easier for users to access necessary services and materials.

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 enables businesses to access valuable data regarding consumer behavior and purchasing habits. Founded in 2014 and headquartered in Montreal, Canada, with additional offices in Toronto, Paris, and Geneva, Potloc conducts geotargeted surveys through social networks, offering a modern alternative to traditional research methods. By leveraging these surveys, Potloc assists clients in improving customer experience, converting competitors' clients, and enhancing product or service offerings. The platform empowers businesses by providing insights that help them connect with their target audiences and drive profitability. With a growing team of nearly 60 employees, Potloc serves hundreds of businesses seeking to understand and engage with consumers more effectively.

AEPONYX

Series A in 2019
AEPONYX Inc. is a Montreal-based company that designs and manufactures micro optical switch semiconductor chips, operating as a fabless entity. Founded in 2011, the company focuses on developing innovative technologies that integrate micro-electro-mechanical systems (MEMS) with silicon photonics. AEPONYX's products are aimed at enhancing fiber optic access to cloud services and facilitating optical switching within cloud environments. By leveraging its patented and patent-pending technologies, the company aims to provide compact, cost-effective micro optical switches that support disaggregated switching systems. These advancements enable tunability in both transmission and reception for pluggable transceivers, thereby improving optical circuit switching capabilities and increasing fiber capacity while reducing power consumption. Through its unique platform combining silicon photonics and MEMS, AEPONYX is positioned to support the next generation of optical communications.

ChrysaLabs

Pre Seed Round in 2019
ChrysaLabs develops a portable probe that can measure in real-time soil nutrients and soil health for producers and agronomists. It also develops a management platform which enables workers to access data and take action. The company was founded in 2017 and is based in Montreal, Canada.

Electrobac

Seed Round in 2018
ELECTROBAC INC. develops a smart bin for disposing electronic waste. It provides recovery and repackaging of small electronics. The company was founded in 2016 and is based in Montreal, Canada.

Potloc

Seed Round in 2018
Potloc Inc. operates an online consumer insights platform that enables businesses to access valuable data regarding consumer behavior and purchasing habits. Founded in 2014 and headquartered in Montreal, Canada, with additional offices in Toronto, Paris, and Geneva, Potloc conducts geotargeted surveys through social networks, offering a modern alternative to traditional research methods. By leveraging these surveys, Potloc assists clients in improving customer experience, converting competitors' clients, and enhancing product or service offerings. The platform empowers businesses by providing insights that help them connect with their target audiences and drive profitability. With a growing team of nearly 60 employees, Potloc serves hundreds of businesses seeking to understand and engage with consumers more effectively.

AEPONYX

Seed Round in 2017
AEPONYX Inc. is a Montreal-based company that designs and manufactures micro optical switch semiconductor chips, operating as a fabless entity. Founded in 2011, the company focuses on developing innovative technologies that integrate micro-electro-mechanical systems (MEMS) with silicon photonics. AEPONYX's products are aimed at enhancing fiber optic access to cloud services and facilitating optical switching within cloud environments. By leveraging its patented and patent-pending technologies, the company aims to provide compact, cost-effective micro optical switches that support disaggregated switching systems. These advancements enable tunability in both transmission and reception for pluggable transceivers, thereby improving optical circuit switching capabilities and increasing fiber capacity while reducing power consumption. Through its unique platform combining silicon photonics and MEMS, AEPONYX is positioned to support the next generation of optical communications.

Netlift

Seed Round in 2015
Netlift Inc. is a transportation service provider based in Montreal, Canada, founded in 2012. The company operates a mobile application that facilitates ride-sharing by matching passengers with drivers who have available seats in their vehicles. This service is designed to assist daily commuters by offering an efficient and cost-effective solution for traveling between home and work, while also integrating with the city's public transit network. Netlift's platform enhances mixed-mode commuting by proposing optimal route options that meet users' travel requirements, making it easier for individuals to connect and share rides.