Canada Growth Fund leads $55M USD financing round in dcbel

Published on March 7, 2025

MONTREAL, QUEBEC – March 7, 2025 – Canada Growth Fund Inc. (“CGF”) announced an investment of $40 USD million in dcbel Inc. (“dcbel”), a Montreal-based smart home energy platform company which has developed a unique bidirectional electric vehicle (“EV”) charging hardware integrated with a home energy management system. This transaction was completed in the context of a larger financing round of up to $55 million USD. In addition to CGF’s investment, Idealist Climate Impact Fund LP (“Idealist”), alongside other investors, will invest up to $15 million USD. Read press release here.