Idealist Capital

Idealist Capital is a growth-oriented private equity firm based in Montreal, Canada, investing in climate impact tech companies focused on decarbonization and electrification. The firm provides growth capital to early commercial-stage entrepreneurs primarily in Canada for scaling operations. Its Idealist Climate Impact Fund secured a $250 million CAD initial close in 2023 (target $500 million CAD), including a $50 million commitment from the Canada Growth Fund. With 11-20 employees, Idealist Capital counts Desjardins, Investissement Québec, and Fondaction among its limited partners. The firm led a C$50 million growth equity investment in sustainable agriculture company Solugen. Idealist Capital was founded in 2022 by Pierre Larochelle and Steeve Robitaille. Its business model centers on raises capital from limited partners like pension funds, banks, and family offices to invest in portfolio companies via private equity growth funds.