Fondaction

Fondaction is a Montreal-based investment firm established in 1996, specializing in both direct and fund of fund investments, primarily in small and medium-sized enterprises across various sectors, with a strong emphasis on clean energy and agri-food. The firm engages in private equity and venture capital investments, targeting companies at various stages, including seed, startup, and later-stage transactions, primarily within Quebec. Fondaction's direct investments range from CAD 0.5 million to CAD 10 million, while fund investments typically fall between CAD 0.5 million and CAD 75 million per transaction. With a commitment to socially responsible finance, Fondaction integrates sustainable development principles into its investment strategy, supporting over 1,050 SMEs and contributing to job creation in the region. The organization manages assets exceeding one billion dollars, derived from retirement savings of more than 131,000 shareholders. Fondaction is recognized for its transparency in sustainable development practices and compliance with international reporting standards.

Éric Baron

Portfolio Manager

Marc Benoît

Portfolio Director

Marc-André Binette

Deputy Head, Real estate, Funds and Co-Investments

Claire Bisson

Deputy Chief Investment Officer

Geneviève Bouthillier

Deputy Chief investment Officer

Richard Buies

Portfolio Director

Dominique Chaussé

Deputy Chief Investment Office

Pierre B. Lafrenière

Director

Luc Lapointe

Portfolio Manager

Jean Marcotte

Director

Bruno Masson

Portfolio Director

Stephan Morency

Chief Investment Officer

Genevieve Morin

Chief Investment Officer

Johanne Provost-Mitchell

Associate

Marie-Josée Rioux

Portfolio Manager

Nataly-Claude Simard

Portfolio Manager

Roxanne Turcotte

Portfolio Director

Paul Villemaire

Senior Portfolio Manager

Luc Villeneuve

Senior Portfolio Manager, Funds and Real Estate

Past deals in Montreal

La Coop fédérée

Venture Round in 2020
La Coop fédérée is an agri-food federation of cooperatives that represent agricultural producers and consumers. It represents more than 60,000 members grouped into close to 70 cooperatives in multiple Canadian provinces. La Coop fédérée employs more than 13,000 employees and has a revenue of $6.3 billion. Its activities are divided into three divisions: Olymel S.E.C (under the Olymel, Flamingo and Lafleur banners, the Agri-business division (under the La Coop, Élite, Agrocentre, Agrico and Agromart banners), and the BMR Group (under the BMR, Unimat and Potvin & Bouchard banners). La Coop fédérée was founded on 1922 and is headquartered in Montreal, Quebec in Canada.

La Coop fédérée

Venture Round in 2019
La Coop fédérée is an agri-food federation of cooperatives that represent agricultural producers and consumers. It represents more than 60,000 members grouped into close to 70 cooperatives in multiple Canadian provinces. La Coop fédérée employs more than 13,000 employees and has a revenue of $6.3 billion. Its activities are divided into three divisions: Olymel S.E.C (under the Olymel, Flamingo and Lafleur banners, the Agri-business division (under the La Coop, Élite, Agrocentre, Agrico and Agromart banners), and the BMR Group (under the BMR, Unimat and Potvin & Bouchard banners). La Coop fédérée was founded on 1922 and is headquartered in Montreal, Quebec in Canada.

Munvo

Private Equity Round in 2019
Munvo Solutions Inc. is a consulting firm based in Montreal, Canada, that specializes in enhancing clients' marketing capabilities. Founded in 2005, the company provides a range of services, including marketing data management, marketing operations services, and the implementation of marketing solutions. Additionally, Munvo offers MarTech assessment and roadmap services to help organizations optimize their marketing technology strategies. Through its expertise, Munvo aims to assist businesses in effectively managing their marketing efforts and achieving better results.

Enerkem

Corporate Round in 2019
Enerkem Inc., a development stage company, focuses on the development and production of renewable biofuels and chemicals from waste. The company primarily focuses on the commercial production of cellulosic ethanol. Its proprietary thermochemical process converts waste into biofuels and chemicals. The company has a strategic partnership with NOVA Chemicals Corporation. The company is based in Montreal, Canada.

Brault & Bouthillier

Private Equity Round in 2019
Brault & Bouthillier Inc. is a retailer based in Montreal, Canada, specializing in educational and curriculum-based products for children. Founded in 1944, the company offers a diverse range of items, including educational games, arts and crafts supplies, science and technology toys, furniture, physical education equipment, and teaching materials for subjects like math and French. In addition to its retail operations, Brault & Bouthillier provides training and consulting services for educators, teaching specialists, and parents, aimed at enhancing children's learning experiences. The company also hosts events such as Red Carpet Days for teachers, robotic training sessions, and arts and crafts workshops. With sales offices across Quebec, Ontario, and the Maritimes, Brault & Bouthillier is committed to supporting the educational community and fostering the development of children through quality products and services.

Kanuk

Private Equity Round in 2018
Kanuk Inc. is a Montreal-based company that specializes in designing, manufacturing, and selling winter clothing for both men and women. Established in 1974, Kanuk has built a reputation for creating high-quality winter coats, lightweight coats, and accessories specifically tailored to withstand the harsh Canadian winters. The company's origins stem from a desire to produce the best coat for extreme cold, leading to the development of essential outerwear that has become synonymous with protection against severe weather. With a focus on craftsmanship and a commitment to functionality, Kanuk continues to evolve its style while maintaining its dedication to providing effective winter apparel.

Electrobac

Seed Round in 2018
ELECTROBAC INC. develops a smart bin for disposing electronic waste. It provides recovery and repackaging of small electronics. The company was founded in 2016 and is based in Montreal, Canada.

Big Bang

Private Equity Round in 2018
Big Bang ERP Inc. is a consulting firm based in Montreal, Canada, specializing in the implementation of cloud-based enterprise resource planning, customer relationship management, and business management software. Established in 2013, the company focuses on helping organizations optimize and streamline their processes by developing digital strategies and deploying tailored business solutions. Big Bang offers a range of services, including development, migration, integration, support, and training, to enhance organizational efficiency and expertise. With a commitment to creating tangible value, the firm serves a diverse clientele across various industries worldwide, including locations in France, Mauritius, and the United States.

Taxelco

Venture Round in 2018
Taxelco is dedicated to providing ecological taxi transport solutions in Montreal. The company aims to consolidate the interests of the taxi industry for the benefit of stakeholders and citizens alike. By focusing on fully electric vehicles, Taxelco seeks to create operational synergies and leverage information technologies to enhance efficiency. A pilot project launched in November 2015 involved 50 electric taxis, designed to optimize performance in Montreal's challenging weather conditions. This initiative not only promotes sustainable transportation but also positions Montreal as a leader in green urban mobility, aligning with the city's cultural and innovative identity. Through its efforts, Taxelco contributes to responsible economic and social development within the community.

Enerkem

Private Equity Round in 2018
Enerkem Inc., a development stage company, focuses on the development and production of renewable biofuels and chemicals from waste. The company primarily focuses on the commercial production of cellulosic ethanol. Its proprietary thermochemical process converts waste into biofuels and chemicals. The company has a strategic partnership with NOVA Chemicals Corporation. The company is based in Montreal, Canada.

Enerkem

Corporate Round in 2018
Enerkem Inc., a development stage company, focuses on the development and production of renewable biofuels and chemicals from waste. The company primarily focuses on the commercial production of cellulosic ethanol. Its proprietary thermochemical process converts waste into biofuels and chemicals. The company has a strategic partnership with NOVA Chemicals Corporation. The company is based in Montreal, Canada.

BOW

Debt Financing in 2017
Bow Plastics, Ltd. manufactures plastic pipe and fittings for the residential and commercial construction industry in North America. The company offers drainage and pressure plumbing products in various plastic materials; and copper solder and insert fittings for the plumbing market. It also serves professional and do-it-yourself market in Canada, the United States, Central and South America. The company markets its products through sales representatives, distributors, and warehouses. Bow Plastics, Ltd. was founded in 1939 and is based in Montreal, Canada.

C. Laganière

Private Equity Round in 2017
Le Groupe C. Laganière Inc. offers soil and water decontamination solutions. The company was founded in 1962 and is headquartered in Montreal, Canada.

Fresche Solutions

Venture Round in 2016
Fresche Solutions Inc. is a legacy management company specializing in the modernization of business-critical applications. Founded in 1976 and headquartered in Montreal, Canada, with additional offices worldwide, the company offers a range of software solutions, including the X-Analysis suite for managing the IBM i lifecycle, iModernize for transforming AS/400 RPG and COBOL applications into modern architectures, and the Newlook suite focused on IBM i applications. Fresche also provides consulting and technical support services, along with tools for business intelligence and application modernization. Their services encompass planning and analysis, ongoing application support, and project management, allowing clients to navigate the complexities of IT modernization while reducing operational costs. With a commitment to client satisfaction and a proven track record, Fresche serves a diverse international clientele, helping organizations future-proof their IT strategies. The company was previously known as Fresche Legacy Inc. and rebranded in April 2017.

Nubik

Debt Financing in 2015
Nubik is a cloud data services marketing automation company located in Montreal.

Energere

Private Equity Round in 2014
Energere is an energy real estate company located in Montreal.

DataCandy

Venture Round in 2013
DataCandy Software, Inc. is a provider of loyalty and gift card solutions catering to retail and restaurant customers in Canada and the United States. Established in 2002 and based in Montreal, DataCandy specializes in offering prepaid gift card programs that can be utilized at various brand locations, as well as loyalty programs designed to reward repeat customers and enhance brand loyalty. The company's platform supports a range of businesses, including restaurants, retailers, and convenience stores, and is designed to deliver real-time, SKU-based insights into customer and product interactions. DataCandy's services are accessible through a multichannel, multilingual, and multicurrency system, enabling effective customer engagement and management of loyalty initiatives across more than 6,000 locations. Since January 2014, DataCandy has operated as a subsidiary of Paystone.

Enerkem

Private Equity Round in 2011
Enerkem Inc., a development stage company, focuses on the development and production of renewable biofuels and chemicals from waste. The company primarily focuses on the commercial production of cellulosic ethanol. Its proprietary thermochemical process converts waste into biofuels and chemicals. The company has a strategic partnership with NOVA Chemicals Corporation. The company is based in Montreal, Canada.

Nexio

Venture Round in 2009
Nexio is a leader in the delivery of comprehensive products and services designed to help organizations' facilitate IT governance and compliance. At the heart of their success is experience and innovation. With each client opportunity, they endeavor to help clients move beyond traditional IT approaches and continuously improve their bottom line performance.

Equisoft

Private Equity Round in 2009
Equisoft Inc. is a technology company that specializes in providing digital solutions for the life insurance and wealth management sectors in the United States, Canada, and other regions. Founded in 1994 and headquartered in Montreal, Canada, Equisoft develops software and services that address the unique needs of the insurance industry, including InsuranceElements for sales illustrations, electronic applications, and financial planning. The company offers a range of tools such as Asset Allocation Analyst, an illustration tool for insurance sales, and WealthElements, a customizable wealth management suite for financial advisors. Additionally, Equisoft integrates and supports Oracle Insurance solutions, leveraging its expertise as a Gold Level Oracle partner. Its professional services include custom application development, software integration, and IT strategy, aimed at enhancing the operational efficiency of insurance carriers. With a strong focus on digital transformation, Equisoft is positioned to help clients navigate the complexities of the evolving financial landscape.

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.

Av&r

Private Equity Round in 2005
AV&R offers robotic finishing machines (profiling, polishing, deburring), and automated visual inspection to manufacturers of gas turbine engine parts, for both aircraft engines and power generation, and to prosthesis manufacturers.