BMO Impact Investment Fund

Overview

The BMO Impact Investment Fund is a sustainability-focused investment fund established by the Bank of Montreal (BMO). It aims to invest in companies that offer technologies, products, and solutions driving positive environmental outcomes. The fund is managed as an independent entity connected to the broader BMO platform, enabling it to leverage BMO’s extensive network of clients, partners, and experts. The fund focuses on areas such as renewable energy and storage, industrial and supply chain efficiency, carbon capture, utilization and storage, food and agtech, materials, reforestation, waste management, and risk software. Its investment criteria include minority equity investments, typically ranging from 5% to 20%, targeting late venture capital, growth, and private equity stages. The total allocation over the life of the investment is between US$10 million and US$30 million. The fund primarily focuses on North America, with consideration of opportunities in Europe. Impact areas include greenhouse gas reduction, resource efficiency, waste reduction, and food and agriculture. Beyond capital, the BMO Impact Investment Fund delivers value to portfolio companies through its connection to the broader BMO platform. BMO is the eighth largest bank in North America, with leading businesses in mining, energy, and food, consumer, and retail sectors. The fund also benefits from BMO’s extensive network of corporate and governmental decision-makers and experts, as well as financial investors. BMO’s commitment to sustainability is evident through its initiatives, such as becoming Canada’s first carbon-neutral bank in 2010 and publicly announcing its goal to mobilize $300 billion for sustainable finance by 2025.

Investment Focus

• Minority equity investments, typically 5-20%
• Late VC (B/+), growth, and PE stages
• Total allocation of US$10 - $30 million over the life of the investment
• North America focus, with consideration of opportunities in Europe
• Impact areas: Greenhouse gas reduction, Resource efficiency / waste reduction, Food & agriculture