Briefing

Quebec’s Idealist Capital closes $250M Climate Impact Fund

The Montreal-based VC firm will cap fundraising at $500 million, and make eight to 10 investments of $25 million to $75 million in energy storage, renewable power and EVs. New investors include Desjardins, Investissement Québec, TD Bank and National Bank of Canada, along with family offices. The fund will focus on North American cleantech companies, with 80 per cent in Canada—half of which will likely be Quebec companies, according to Idealist Capital co-managing partner Pierre Larochelle. (The Logic)

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