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Canada Growth Fund

North America, Ontario, Canada, Toronto

Description

Canada Growth Fund is a innovative funding to help accelerate Canada’s decarbonization strategy.

Investor Profile

Canada Growth Fund has backed more than 3 startups, with 2 new investments in the last 12 months alone. The firm has led 2 rounds, about 67% of its total and boasts 1 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series B, Post Ipo Equity, Series Unknown rounds (top funding stages).
  • Majority of deals are located in Canada.
  • Strong thematic focus on Clean Energy, CleanTech, Energy.
  • Led 2 rounds in the past year.

Stage Focus

  • Series B (33%)
  • Post Ipo Equity (33%)
  • Series Unknown (33%)

Country Focus

  • Canada (100%)

Industry Focus

  • Clean Energy
  • Cleantech
  • Energy
  • Greentech
  • Renewable Energy
  • Manufacturing
  • Mining
  • Natural Resources
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Canada Growth Fund frequently co-invest with?

Vickers Venture Partners
Asia, Central Region, Singapore, Singapore
Co-Investments: 1
BP Ventures
North America, California, United States, Palo Alto
Co-Investments: 1
OMV
Europe, Wien, Austria, Vienna
Co-Investments: 1
MC
North America, Washington, United States, Redmond
Co-Investments: 1
Chubu Electric Power
Asia, Aichi, Japan, Nagoya
Co-Investments: 1
Temasek Holdings
Asia, Central Region, Singapore, Singapore
Co-Investments: 1
Business Development Bank of Canada
North America, Quebec, Canada, Montréal
Co-Investments: 1
Monaco Asset Management
Europe, Bayern, Germany, Monaco
Co-Investments: 1
Japan Energy Fund
Asia, Tokyo, Japan, Tokyo
Co-Investments: 1
Eversource Energy
North America, Connecticut, United States, Hartford
Co-Investments: 1

What are some of recent deals done by Canada Growth Fund?

Mangrove Lithium

Delta, British Columbia, Canada

Mangrove Lithium is a lithium refining and materials technology company that produces battery-grade lithium hydroxide and lithium carbonate.

BatteryElectric VehicleRenewable Energy
Debt FinancingJan 15, 2026
Amount Raised: $85,000,000
Eavor

Calgary, Alberta, Canada

Eavor is a geothermal energy solution provider that develops a closed-loop system to provide baseload energy solutions.

Clean EnergyCleanTechEnergyGreenTechRenewable Energy
Series UnknownJun 3, 2025
Amount Raised: $64,798,433
Nouveau Monde Graphite

Montréal, Quebec, Canada

Nouveau Monde is developing its operations with the highest environmental standards.

ManufacturingMiningNatural Resources
Post Ipo EquityDec 17, 2024
Amount Raised: $50,000,000
Eavor

Calgary, Alberta, Canada

Eavor is a technology-based energy company that provides a clean, carbon-neutral, scalable, baseload power solution.

Clean EnergyCleanTechEnergyGreenTechRenewable Energy
Series BOct 25, 2023
Amount Raised: $131,854,630

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