Fondaction is a private equity firm established in 1996 and based in Montreal, Canada, with a commitment to socially responsible finance. It specializes in direct investments and fund of fund investments, focusing on small and medium-sized enterprises across various sectors, including clean energy, agri-food, agriculture, and technology. Fondaction invests in companies primarily located in Quebec, providing equity or loans ranging between CAD 0.5 million and CAD 10 million for direct investments, and up to CAD 75 million for fund investments. The firm typically takes minority stakes in its portfolio companies and aims for exits within five to eight years. With assets exceeding one billion dollars and over 131,000 shareholders, Fondaction plays a significant role in supporting the development of more than 1,050 SMEs, contributing to job creation and the advancement of a more equitable and sustainable economy. The firm has a strong commitment to sustainable development, having been one of the first in Quebec to produce accountability reports and adhere to high standards of transparency in economic, social, and environmental practices.
Vice President, Community Engagement and Public Affairs and Executive Committee Member
Dominique Chaussé
Deputy Chief Investment Officer, Direct Investments, Major Accounts
Isabelle Lechasseur
Portfolio Director, CoInvestments
Stéphan Morency
Deputy Chief Investment Officer
Geneviève Morin
President, Administrator, CEO, Board Member and Member of the Steering Committee
Caroline Senneville
Board Member, President of the Council and President of the Coordination Committee
Past deals in Montreal
Talsom
Venture Round in 2023
Talsom is a management consulting firm based in Montreal, Canada, founded in 2010. The company specializes in digital transformation, offering expertise in aligning processes, resources, and technologies to help organizations navigate their transformation projects. Talsom provides a range of services including innovation, execution, and strategy, assisting clients in understanding, defining, and planning their business transformations effectively. With a team of skilled professionals, Talsom aims to facilitate successful change initiatives for various organizations.
My01
Series A in 2023
MY01 Inc. is a Montreal-based company that designs and develops a digital medical device specifically for measuring muscle pressure, which is critical for diagnosing Acute Compartment Syndrome (ACS). Founded in 2015, MY01 focuses on providing real-time and accurate measurements that enable timely clinical decisions. The company's sensor technology utilizes capacitive pressure sensors featuring a stable vacuum reference and advanced coating materials, ensuring tailored sensing capabilities. This innovative approach enhances the sensitivity and specificity of ACS diagnostics, equipping medical professionals with essential tools for effective patient care.
Equisoft
Private Equity Round in 2023
Equisoft Inc. is a global provider of innovative digital solutions tailored for the life insurance and wealth management industries. Founded in 1994 and headquartered in Montreal, Canada, with an additional office in Sydney, Australia, the company specializes in delivering a comprehensive ecosystem of services. Its offerings include SaaS policy administration, customer relationship management, financial planning tools, and solutions for asset allocation and portfolio analysis. Equisoft also provides financial advisors with tools for wealth management proposals, as well as software for quotes, illustrations, and agency management systems. The company is recognized as a leading partner for Oracle's insurance policy administration platform, leveraging extensive expertise in data migration and integration. Through its diverse range of services, Equisoft aims to empower clients to navigate the complexities of digital transformation in the financial sector.
AEquo Shareholder Engagement Services
Venture Round in 2022
AEquo Shareholder Engagement Services is a financial services company located in Montreal.
CarbiCrete
Series A in 2022
CarbiCrete is a Montreal-based company that specializes in carbon removal technology aimed at producing low-cost, sustainable building solutions. Founded in 2016 and headquartered in Westmount, Canada, the company has developed a process for creating cement-free, carbon-negative concrete. This innovative concrete utilizes industrial by-products and captured carbon dioxide, replacing traditional cement with steel slag and curing the mixture with carbon dioxide. This method not only prevents the greenhouse gas emissions typically associated with cement production but also permanently removes carbon dioxide from the atmosphere. By licensing its technology to precast concrete manufacturers, CarbiCrete enables businesses to significantly reduce their greenhouse gas emissions while promoting environmentally friendly construction practices.
Talent.com
Series B in 2022
Talent.com is a platform that centralizes jobs available on companies' career websites, staffing agencies, or job boards. The company was founded in 2020 and is headquartered in Montreal, Quebec, Canada.
TOP Glaciers
Venture Round in 2020
TOP Glaciers Inc. is a food manufacturing company based in Montreal, Canada, that specializes in the production and sale of frozen desserts. Founded in 2016, the company offers a diverse range of products, including natural ice creams, sorbets, and various specialty items such as bars and cakes. TOP Glaciers emphasizes quality by providing organic, healthy options, including vegan sorbets made with real fruit and fair trade ingredients. The company aims to deliver premium products to customers at reasonable prices, catering to those seeking artisanal and health-conscious dessert choices.
Sollio Cooperative Group
Venture Round in 2020
Sollio Cooperative Group, headquartered in Montreal, Quebec, is a prominent agri-food federation that serves agricultural producers and consumers across Canada. With over 60,000 members organized into nearly 70 cooperatives, Sollio Cooperative Group employs more than 13,000 individuals and generates an annual revenue of $6.3 billion. The organization operates through three main divisions: Olymel S.E.C, which encompasses meat processing brands like Olymel, Flamingo, and Lafleur; the Agri-business division, which includes brands such as La Coop, Élite, Agrocentre, Agrico, and Agromart; and the BMR Group, featuring BMR, Unimat, and Potvin & Bouchard. Established in 1922, Sollio Cooperative Group plays a crucial role in providing agricultural services and support, enabling farmers to enhance their crop production and overall operational efficiency.
Mabarex
Venture Round in 2020
Mabarex Inc. specializes in wastewater treatment solutions for municipal and private clients, providing a comprehensive range of services that includes testing and support, upgrades, turnkey projects, operation and monitoring, automation, equipment rental, and parts service. Founded in 1983 and based in Montreal, Canada, the company caters to various sectors, including mining, landfill sites, agri-food, commercial and institutional facilities, municipal entities, and First Nations. Mabarex designs, builds, retrofits, and operates water and wastewater treatment systems, focusing on sites that are not connected to a sewer network. Through innovative environmental services, the company delivers tailored solutions to meet the specific needs of its clients.
Sollio Cooperative Group
Venture Round in 2019
Sollio Cooperative Group, headquartered in Montreal, Quebec, is a prominent agri-food federation that serves agricultural producers and consumers across Canada. With over 60,000 members organized into nearly 70 cooperatives, Sollio Cooperative Group employs more than 13,000 individuals and generates an annual revenue of $6.3 billion. The organization operates through three main divisions: Olymel S.E.C, which encompasses meat processing brands like Olymel, Flamingo, and Lafleur; the Agri-business division, which includes brands such as La Coop, Élite, Agrocentre, Agrico, and Agromart; and the BMR Group, featuring BMR, Unimat, and Potvin & Bouchard. Established in 1922, Sollio Cooperative Group plays a crucial role in providing agricultural services and support, enabling farmers to enhance their crop production and overall operational efficiency.
Munvo
Private Equity Round in 2019
Munvo Solutions Inc. is a marketing technology consultancy based in Montreal, Canada, founded in 2005. The firm specializes in providing technology marketing consulting services, including marketing data management, operations services, and solutions implementation. Munvo also offers cloud migration, data analysis, and data activation services, assisting clients in maximizing their investments and driving digital transformations. The company serves a diverse range of industries, such as banking, insurance, telecommunications, healthcare, manufacturing, retail, travel, and entertainment. By integrating marketing software systems and offering expert consulting, Munvo helps clients enhance their marketing performance through effective campaign implementation, performance monitoring, and market transformation strategies.
Enerkem
Corporate Round in 2019
Enerkem Inc. is a cleantech company based in Montreal, Canada, specializing in the production of renewable biofuels and chemicals derived from waste materials. The company utilizes a proprietary thermochemical process to convert non-recyclable municipal solid waste into cellulosic ethanol and other renewable chemicals. Over a decade of research has validated Enerkem's technology, which addresses issues related to oil dependence and waste disposal. The company operates advanced facilities that support its business model of producing biofuels profitably from a diverse range of feedstocks. Enerkem is majority-owned by a mix of institutional and clean-technology investors, including various venture capital firms and industrial investors. With a workforce of approximately 170 employees across Canada and the United States, Enerkem is committed to transforming waste into sustainable energy solutions.
Electrobac
Seed Round in 2018
Electrobac Inc. is a Montreal-based company founded in 2016 that specializes in the disposal and recycling of electronic waste. It has developed a network of smart bins designed for the convenient collection of unwanted electronic equipment, facilitating the recovery and repackaging of small electronics. Electrobac aims to extend the lifecycle of electronic devices and promote sustainable practices by prioritizing reuse, repair, and refurbishment. The company serves both individual consumers and large businesses, assisting them in integrating circular economy principles into the management of their mobile devices.
Big Bang
Private Equity Round in 2018
Big Bang is a consulting firm based in Montreal, Canada, with additional offices in France, Mauritius, and the United States. The company specializes in digital transformation, providing organizations with a range of cloud-based applications and business management tools designed to optimize and automate processes. Big Bang assists clients in streamlining their operations through strategic planning, aligning technology with business objectives, and enhancing organizational expertise. Their services encompass various areas, including enterprise resource planning, customer relationship management, and human capital management. By addressing real business needs, Big Bang aims to create tangible value for enterprises across diverse industries worldwide.
Taxelco
Venture Round in 2018
Taxelco is focused on providing ecological taxi transport solutions in Montreal. The company aims to consolidate the interests of the taxi industry to benefit both stakeholders and the local community. By promoting the use of fully electric vehicles, Taxelco seeks to create operational synergies and leverage information technologies to enhance efficiency. A collaborative pilot project initiated in November 2015 involved 50 electric vehicles operating under rigorous weather conditions in Montreal. This initiative is designed to optimize the performance of electric taxis, contributing to the city's reputation as a green and innovative urban center. Through these efforts, Taxelco emphasizes responsible economic and social development while reflecting the unique cultural identity of Montreal's citizens.
Enerkem
Private Equity Round in 2018
Enerkem Inc. is a cleantech company based in Montreal, Canada, specializing in the production of renewable biofuels and chemicals derived from waste materials. The company utilizes a proprietary thermochemical process to convert non-recyclable municipal solid waste into cellulosic ethanol and other renewable chemicals. Over a decade of research has validated Enerkem's technology, which addresses issues related to oil dependence and waste disposal. The company operates advanced facilities that support its business model of producing biofuels profitably from a diverse range of feedstocks. Enerkem is majority-owned by a mix of institutional and clean-technology investors, including various venture capital firms and industrial investors. With a workforce of approximately 170 employees across Canada and the United States, Enerkem is committed to transforming waste into sustainable energy solutions.
Enerkem
Corporate Round in 2018
Enerkem Inc. is a cleantech company based in Montreal, Canada, specializing in the production of renewable biofuels and chemicals derived from waste materials. The company utilizes a proprietary thermochemical process to convert non-recyclable municipal solid waste into cellulosic ethanol and other renewable chemicals. Over a decade of research has validated Enerkem's technology, which addresses issues related to oil dependence and waste disposal. The company operates advanced facilities that support its business model of producing biofuels profitably from a diverse range of feedstocks. Enerkem is majority-owned by a mix of institutional and clean-technology investors, including various venture capital firms and industrial investors. With a workforce of approximately 170 employees across Canada and the United States, Enerkem is committed to transforming waste into sustainable energy solutions.
Brandon Manufacturing
Private Equity Round in 2017
Brandon Manufacturing Inc. is a Canadian company based in Saint-Gabriel-de-Brandon, located an hour north of Montreal. Founded in 1985, it originally began as a small family-owned welding facility. Today, the company specializes in manufacturing dump trucks and replacement trailers, along with a variety of custom-made bodies, including hook lift bodies and trailer tubs. In addition, Brandon Manufacturing produces and distributes essential truck parts such as mounting kits, hydraulic tanks, hoists, cab shields, tarp kits, and various accessories. The company primarily serves the municipality and disaster relief sectors, employing close to 100 people and catering to diverse market needs.
Colonial Elegance
Private Equity Round in 2017
Colonial Elegance is a designer and manufacturer of home décor products based in Montreal, Canada. The company specializes in a range of offerings including pocket door frames, sliding doors, folding doors, closet doors, stair parts, mirrors, screen doors, and barn doors. In addition to its extensive product line, Colonial Elegance provides marketing support and merchandising tools tailored for home centers, catering to both retail and commercial clients. The company aims to enhance living spaces through its diverse design and lifestyle collections.
Fresche Solutions
Venture Round in 2016
Fresche Solutions Inc. is a legacy management company specializing in the modernization and management of business-critical applications. Founded in 1976 and headquartered in Montreal, Canada, with additional offices worldwide, the company provides a comprehensive suite of services that includes application re-hosting, rewriting, and re-architecting. Its offerings include the X-Analysis software suite for managing the IBM i lifecycle, iModernize for transforming AS/400 RPG and COBOL applications to modern architectures, and tools for business intelligence and development. Additionally, Fresche Solutions provides management and modernization solutions encompassing planning, analysis, onsite development, project management, and ongoing application support. The company serves a diverse clientele both in Canada and internationally, helping organizations enhance the longevity and functionality of their applications and databases.
Alasko Foods
Private Equity Round in 2016
Alasko Foods operates as a provider of frozen foods, serving a variety of sectors including hotels, industrial clients, and retail brands across North America. The company imports, prepares, and distributes over 80 million pounds of frozen fruits and vegetables annually, catering to both institutional and consumer markets. With a global supply network that encompasses over 60 agri-food producers in 20 countries, Alasko ensures that all facilities are federally inspected and adhere to H.A.C.C.P. program requirements. The company maintains a robust distribution network utilizing seven warehouses to optimize the efficiency and control of the cold chain, which is crucial for frozen food products. An internal quality assurance program monitors products continuously to uphold safety and quality standards. The Montreal facility is certified by the Canadian Food Inspection Agency and has received a GFTC gold rating, alongside organic certification from Ecocert Canada.
Nubik
Debt Financing in 2015
Nubik is a consulting firm based in Montreal that specializes in multi-cloud services, focusing on various industries including manufacturing, professional services, high-tech, finance, healthcare, and life sciences. The company leverages technology from Salesforce and Rootstock to assist clients in implementing software systems and developing customized tools. By offering expertise in customer relationship management, marketing automation, and enterprise resource planning software, Nubik helps organizations achieve their objectives and improve operational efficiency.
Quartz
Private Equity Round in 2015
Quartz Co. designs and manufactures insulated winter coats for both men and women, along with accessories such as scarves, woolen hats, and bags. The company caters to a diverse international market, selling its products in countries including France, Germany, Japan, Russia, Hong Kong, South Korea, Norway, the United States, Canada, and Switzerland. Established in 1997 and based in Montreal, Canada, Quartz Co. was originally known as Quartz Nature Inc. before rebranding in 2015. The company emphasizes creating modern outerwear that blends timeless design with high performance and sustainable practices, targeting consumers who embrace an active northern lifestyle.
bluenove
Private Equity Round in 2014
Bluenove is a prominent provider of open innovation consulting services and collective intelligence technologies, with offices in Montreal and Paris. The company specializes in assisting public and private organizations in co-creating strategic and transformation plans. By leveraging collaborative approaches, bluenove enables its clients to engage in large-scale innovation processes, facilitating effective solutions and enhancing organizational performance.
DataCandy Software
Venture Round in 2013
DataCandy Software, Inc. is a provider of loyalty and gift card solutions for retail and restaurant businesses in Canada and the United States. Founded in 2002 and based in Montreal, the company offers a technological platform that helps clients manage customer engagement through loyalty programs and prepaid gift card systems. This platform supports various businesses, including restaurants, retailers, and convenience stores, allowing them to reward repeat customers and encourage brand loyalty. DataCandy's services are designed to deliver real-time insights into customer and product interactions, facilitating effective communication and engagement strategies. In January 2014, the company changed its name from Fanbox, Inc. and is currently a subsidiary of Paystone.
Enerkem
Private Equity Round in 2011
Enerkem Inc. is a cleantech company based in Montreal, Canada, specializing in the production of renewable biofuels and chemicals derived from waste materials. The company utilizes a proprietary thermochemical process to convert non-recyclable municipal solid waste into cellulosic ethanol and other renewable chemicals. Over a decade of research has validated Enerkem's technology, which addresses issues related to oil dependence and waste disposal. The company operates advanced facilities that support its business model of producing biofuels profitably from a diverse range of feedstocks. Enerkem is majority-owned by a mix of institutional and clean-technology investors, including various venture capital firms and industrial investors. With a workforce of approximately 170 employees across Canada and the United States, Enerkem is committed to transforming waste into sustainable energy solutions.
Equisoft
Private Equity Round in 2009
Equisoft Inc. is a global provider of innovative digital solutions tailored for the life insurance and wealth management industries. Founded in 1994 and headquartered in Montreal, Canada, with an additional office in Sydney, Australia, the company specializes in delivering a comprehensive ecosystem of services. Its offerings include SaaS policy administration, customer relationship management, financial planning tools, and solutions for asset allocation and portfolio analysis. Equisoft also provides financial advisors with tools for wealth management proposals, as well as software for quotes, illustrations, and agency management systems. The company is recognized as a leading partner for Oracle's insurance policy administration platform, leveraging extensive expertise in data migration and integration. Through its diverse range of services, Equisoft aims to empower clients to navigate the complexities of digital transformation in the financial sector.
Ni2
Venture Round in 2007
Ni2 develops and markets technology focused on the management of information technology (IT) infrastructure and service support. The company offers a suite of IT infrastructure management applications that utilize a knowledge-based configuration management database (CMDB) platform to identify, catalog, track, optimize, and manage configuration items. Its software includes an asset management application for overseeing the IT asset lifecycle according to established business rules and a rack and connectivity application that optimizes data center organization by managing card positioning in chassis and chassis in racks. Founded in 2003, Ni2 is headquartered in Montreal, Canada, and aims to enhance service delivery for providers by transforming their infrastructure ecosystem and enabling clients to effectively manage their communications, data center, and IT needs to achieve their business objectives.
Aceris 3D Inspection
Venture Round in 2007
Aceris 3D Inspection Inc. designs and manufactures flip chip and wafer inspection equipment for detecting measurements and defects. Its equipment is used to detect solder paste, singulated dies, warpage, epoxy, and bump height, as well as coined, round, and wafer level bumps. Aceris 3D Inspection Inc. was formerly known as Abante Inspection Inc. and changed its name to Aceris 3D Inspection Inc. in 2001. The company was founded in 2000 and is based in Montreal, Canada.
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