News

Pyrowave Sets New Standard
With 100% Traceable Recycled Styrene

Montreal, November 17, 2022 – On the sidelines of the Advanced Recycling Conference held in Cologne, Germany, Pyrowave announced it has reached a major stage for the future of global plastic recycling and in the fight against climate change. Pyrowave technology has successfully passed Michelin Group’s quality tests with the first 99.8% pure recycled styrene monomer produced from polystyrene waste. Recycled monomer can now be integrated into industrial elastomer batches. For the first time, a finished product will incorporate fully traceable and segregated recycled styrene, where all the styrene will be physically present in the product rather than a credit-based content. A container with...

The Canadian government wants to
reduce fertilizer emissions by 30% by 2030

According to a study unveiled in Glasgow at COP26, global production and use of synthetic nitrogenous fertilizers contributes to 21.5% of annual emissions from the agricultural sector, which represents 2.4% of global greenhouse gas emissions[1]. Nitrogen fertilizers are produced from natural gas, the main component of which is methane, a GHG that is 25 times more potent than CO2 at trapping heat. The adverse environmental effects go beyond emissions. Excessive application of synthetic nitrogen fertilizers has been shown to acidify and degrade the quality of soils, which affects productivity. In addition, the escape of nitrogen into waterways stimulates algal blooms...

Potloc Closes CAD$35M Series B Round to drive global growth with its game changing research technology

Targeting a CAD$40B market for surveys, investors back latest Montreal data company with its breakthrough approach to ensuring better quality data through precision targeting and industry-leading speed MONTREAL, CA – June 21st – Potloc, the research technology company delivering new levels of data quality, precision and speed with its social media sampling technology, today announced the closing of its Series B round, totalling CAD$35M in new equity and debt financing. Investissement Québec led the round followed by First Ascent Ventures and initial investors Brightspark Ventures, Desjardins Capital, Cap Horn, Ecofuel Fund, BDC Capital’s Seed Fund along with debt financing provided by CIBC...

Tengiva, First of its Kind Digital Supply
Chain Platform for the Textile Industry,
raises $4.95 Million in Seed Funding

MONTREAL – May 4, 2022 – Tengiva, the first digital supply chain platform for the textile industry, today announced that it has raised CAD$4.95 million in seed funding. The funding round was led by Fonds Ecofuel with participation from Inovia, Anges Québec, Active Impact Investments, and N49P. The funds raised include $1.7 million in commercialization funding from the Investissement Québec Innovation Program and a $100,000 grant from the Sustainable Development Technology Canada (SDTC) Seed Funding program. Textile production is a trillion dollar* industry, and still mostly managed offline without much modern digitization – until now. Tengiva (Textiles Exchange Network) was created to solve...

E-Procurement software Axya raises $5,4M
to propel its next phase of growth

Axya, a SaaS enabled marketplace company offering e-procurement solutions for the manufacturing industry founded in 2019, is pleased to announce it recently closed its second seed round of funding within the last year, bringing the total amount invested in its platform to CAD$5,4M in the last 12 months only. (Left to right) Cofounders Félix Bélisle Dockrill, CEO and Yacine Mahdid, COO. A new funding round led by BDC Capital The new round was led by BDC Capital and funds will be used by the company to accelerate the deployment of its software solution with global leading manufacturers clients. Desjardins Capital, Real Ventures, Ecofuel...

Closing of an oversubscribed seed round for Brilliant Matter

September 23, 2021 - Brilliant Matters announces Strategic Investment to accelerate production of their High-Performing, Reliable and Scalable Semiconductors for printed electronics Brilliant Matters is proud to announce the closing of an oversubscribed $3.5M seed round. The round was led by Ecofuel Fund, a specialized and dedicated cleantech fund, together with Investissement Québec, Anges Québec and GSI Creos Corporation. Founded in 2016, the company uses an innovative clean and reliable production method to produce a new generation of printable and flexible semiconductors that offers an eco-friendlier and cost-effective alternative to traditional electronics. Using their proprietary process, Brilliant Matters’ polymers and compounds were...

Rithmik Closes US$1.2M to Commercialize “AI-First” Mobile Mining Analytics

MONTREAL and VANCOUVER, British Columbia, July 08, 2021 (GLOBE NEWSWIRE) - Rithmik Solutions, whose mission is building the world’s most advanced and reliable analytics for mobile mining equipment, today announced the closing of a US$1.2M investment led by Chrysalix Venture Capital and joined by Fonds Ecofuel. The funding will accelerate the commercialization of the company’s flagship product, Rithmik Asset Health Analyzer (AHA), which has been in development for the past three years and is currently undergoing real-time onsite trials in Alberta, Quebec and Zambia. Rithmik AHA applies a multi-tiered machine learning approach to increase mobile equipment uptime while reducing maintenance costs...

Ora Graphene Announces Strategic Investment to Advance Lead in Graphene Commercialization

Leader in graphene products with innovative GrapheneQ™ membrane to capitalize on increasing commercial demand worldwide. Montreal, Canada, June 15th 2021 – Ora Graphene, the world’s first commercial producer of free-standing graphene membranes, announced the closing of its $3 million Seed financing round today. The deal was led by Ecofuel Fund along with Export Development Canada (EDC), BDC Capital and certain members of New York Angels. Existing investors TandemLaunch, and BoxOne Ventures also participated in the round. In conjunction with the financing, the company was recently awarded a Sustainable Development Technology Canada grant to explore new areas of graphene applications for its...

Axya raises $1.5M seed round

Axya platform raises $1.5M seed round to connect local manufacturing networks across Ontario and Northeastern USA  MONTREAL, April 27, 2021 /CNW Telbec/ - This seed round, co-led by Ecofuel and Desjardins capital with the participation of Real Ventures, will help the company expand its reach to Ontario and the Northeastern US. Previously known as GRAD4, Axya now aims to expand its platform's capabilities and grow their brand as they enter these new North American markets. [caption id="attachment_8484" align="alignnone" width="300"] Image of the marketplace listing the RFQ available to the suppliers. (CNW Group/Axya)[/caption] "In its near 2 years as a platform, Axya's goal has always been to help...

AEPONYX, Inc. Closes $10M Funding Round

Montreal, March 15, 2021 - With the growing 5G networks, such as the 5G-enabled iPhone12 and Ericsson recently announcing over 200 million global 5G subscribers, AEPONYX continues to build out its 5G product portfolio with the closing of a $10M new funding round. All previous investors supported this round, with Investissement Quebec joining as the new investor. This adds to AEPONYX’s previous $30M funding and enables the company to move faster. “We are delighted to bring innovative products to the 5G market. The creation of our integrated photonics with MEMS products enable the Telecom industry to advance their next-generation networks....