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Fonds économie circulaire is a venture capital fund investing in and supporting innovative companies within Quebec's circular economy. The fund provides equity or quasi-equity financing to accelerate ecological transition by reducing waste, promoting resource valorization, and decreasing greenhouse gas emissions. It emphasizes innovation, optimization, and collaboration, fostering circular solutions among emerging, established businesses.
Established in 2021, the fund originated from a strategic partnership with RECYC-QUÉBEC and the City of Montreal, positioning it as Canada's first venture capital fund focused on the circular economy. This initiative stemmed from the insight that dedicated investment significantly advances sustainable business practices. Key partners include Fondaction and foundational organizations.
The fund targets young, innovative Quebec-based small and medium-sized enterprises (SMEs) whose business models are rooted in circular economy principles, spanning sectors like agri-food, recycling, and eco-construction. Its vision is to drive environmental protection and sustainable development by empowering enterprises that optimize resource utilization and establish a circular economic model.
Fonds economie circulaire has 1 tracked investment across 1 company. The latest tracked deal is $3.0M Other Equity in Dispersa in July 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jul 28, 2023 | Dispersa | $3.0M Other Equity | — | Felicity Meyer, Wendy Cooper, Tori Hellrung, Olga Cruz |