Fondaction

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.

Nabil El Asraoui

Portfolio Director

Daniel Charron Ph.D

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 Quebec

Cultures Gen V

Venture Round in 2024
Cultures Gen V is a producer of diversified greenhouse vegetables, focusing on sustainable practices that respect both people and the environment. The company cultivates a variety of crops, including conventional lettuce and tomatoes, along with organic cucumbers, peppers, mini cucumbers, and tomatoes. Its operations serve markets across Quebec, Ontario, and the United States, aiming to provide high-quality produce while adhering to environmentally friendly farming methods.

Aquatech BM

Venture Round in 2024
Aquatech BM is a Quebec-based manufacturer specializing in multifunctional industrial bottle washers and sterilization equipment. The company designs and produces machines that provide deep cleaning and sterilization for bottles and containers, catering to the specific needs of various industries, including winemaking, brewing, dairy farming, and laboratories. By focusing on precision cleaning, Aquatech BM helps its clients maintain high standards of hygiene and efficiency in their industrial processes.

Les Industries Amisco ltée

Private Equity Round in 2024
Les Industries Amisco ltée is a family-owned business established in 1954, specializing in the design, manufacture, and marketing of modern home furniture. Operating from two plants in Québec, the company produces a variety of residential furniture, including beds, chairs, stools, tables, benches, and desks, all crafted from steel, wood, and upholstery. Amisco distinguishes itself in the market with its stylish designs that cater to consumer preferences, emphasizing durability and an extensive customization program for finishes and coatings. The company's products are available at over a thousand retail locations across Canada and the United States, ensuring a broad reach within the furniture market.

Innergex

Post in 2023
Innergex énergie renouvelable inc. est un chef de file canadien de l’industrie de l’énergie renouvelable. En activité depuis 1990, la Société développe, détient et gère des centrales hydroélectriques au fil de l’eau, des parcs éoliens et des parcs solaires photovoltaïques et elle exerce ses activités au Québec, en Ontario, en Colombie-Britannique, dans l'Idaho aux États-Unis et en France. Innergex Renewable Energy Inc. is a leading Canadian independent renewable power producer. Active since 1990, the Company develops, owns and operates run-of-river hydroelectric facilities, wind farms and solar photovoltaic farms and carries out its operations in Quebec, Ontario and British Columbia, Idaho, USA, and France.

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.

Dion Herbs & Spices

Private Equity Round in 2021
Dion Herbs & Spices is a prominent seller of herbs and spices based in Quebec, recognized for offering a comprehensive range of products. According to AC Nielsen studies, it holds a leading position in the market, with its products available in over 1,000 retail locations across Canada and the United States. The company specializes in producing a variety of herbs, spices, and related food items, including organic products, house mixes, mushrooms, seafood seasonings, and various types of salts. This diverse product line enables consumers to access healthier food choices at affordable prices.

Bakery Humanity

Seed Round in 2021
Bakery Humanity is a Quebec-based and controlled investment platform specialized in the bakery and pastry industry.

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.

Hardware Agencies

Acquisition in 2020
Hardware Agencies Ltd. is a wholesale distributor specializing in security hardware, including locks, padlocks, safes, exit devices, electronic hardware, and related accessories. Founded in 1951 and headquartered in Mississauga, Canada, the company has established a reputation for quality products and customer service within the security and door hardware industry. Hardware Agencies is a division of the SECCAN group, which also includes Serrubec in Quebec and McGregor Hardware Distribution in British Columbia. The company continues to grow by incorporating new technologies and innovative solutions into its product offerings. As of December 2012, Hardware Agencies operates as a subsidiary of Shanahan's Limited Partnership.

McGregor Hardware

Acquisition in 2020
McGregor Hardware Distribution is a locksmith wholesaler in Canada, and in the United States. Over the years the name has been shortened to be affectionately known as MHD. McGregor Hardware is a division of distribution of the SECCAN group, with Hardware Agencies in Ontario, and Serrubec in Quebec.

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.

Morille Québec

Debt Financing in 2019
Morille Québec specializes in providing non-timber forest food products, focusing on wild cuisine that enhances culinary experiences. The company is involved in the entire value chain, from foraging to distribution and food processing. It offers a diverse range of products, including mushrooms, boreal spices, small northern fruits, sauces, and ready-to-cook meals. These offerings cater to both individual consumers and businesses, such as restaurants and food product distributors, allowing customers to enjoy the unique flavors of the forest in their own kitchens.

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.

Edilex

Private Equity Round in 2019
Edilex is a technology company based in Laval, Quebec, Canada, founded in 1992. The company specializes in developing cloud-based legal software aimed at simplifying tasks for legal professionals. Edilex collaborates with developers and lawyers to create automated contracts and provides a platform that features editorial automation, contract templates, and downloadable legal documents. This technology is designed to enhance control and reduce risk for legal professionals, businesses, and public entities, making legal processes more accessible and efficient.

Groupe JLD Laguë

Private Equity Round in 2019
JLD - Laguë is a distributor of agricultural, commercial, and construction equipment in Quebec and Ontario. The company supplies a wide range of machinery, including tractors, mowers, forage harvesters, combine harvesters, balers, snowblowers, and various types of utility vehicles. In addition to equipment distribution, JLD - Laguë offers financing services to help clients acquire heavy trucks and related parts. The company distinguishes itself from competitors by actively pursuing innovative technological advancements to enhance its product offerings, ensuring that it meets the diverse needs of its customers in agricultural, snow removal, landscaping, and maintenance sectors.

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.

ESI Technologies

Private Equity Round in 2018
ESI Technologies has been supporting Quebec companies since 1994 by connecting critical areas of data transformation. The company specializes in providing data management services to both small and large businesses, focusing on digital transformation, data strategy, cybersecurity, and cloud management. ESI Technologies aims to help organizations manage, protect, and convert their data into meaningful information by modernizing their IT systems. With a commitment to offering top-tier solutions from leading manufacturers, ESI leverages its technological expertise and deep understanding of business challenges to deliver significant value from the vast volumes of data generated by enterprises.

BCI Foods

Private Equity Round in 2018
BCI Foods is a food production company based in Saint-Hyacinthe, Québec, specializing in canned soups and sauces. The company offers a diverse array of products, including savory soups, ready-to-serve soups, broths, sauces, and ready-to-eat pasta and meals in packets. BCI Foods emphasizes innovation within the food industry and aims to enhance store brand growth by delivering high-quality dining experiences that align with its core principles. Their product line also includes luxury recipes and health-oriented options, enabling customers to enjoy flavorful and nutritious meals.

Incursion Voyages

Debt Financing in 2018
Incursion Voyages is a travel and tourism company based in Québec, Canada, specializing in a wide range of travel services. The company provides guided group travel, accompanied travel, individual travel, corporate travel, tours, and cruises, including river cruises and long stays. Incursion Voyages focuses on catering to the diverse needs and preferences of its customers, ensuring memorable experiences through well-organized trips and travel arrangements.

Arsenal Media

Private Equity Round in 2018
Arsenal Media operates 15 regional radio stations and four re-transmitters throughout Quebec, based in Saint-Lambert, Canada. The company provides a diverse range of content through its radio broadcasts, which include music shows, news, and cultural events. In addition to its radio operations, Arsenal Media manages several web platforms and e-commerce websites, offering unique shopping experiences and enabling customers to access various services conveniently. The company also features production studios dedicated to creating visual and sound content, along with a dozen information and entertainment platforms that cater to its audience's interests.

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.

Le Devoir

Private Equity Round in 2016
Le Devoir is a newspaper publishing company that offers comprehensive journalism and content production services, focusing on both national and international news. It provides updates in a variety of sectors, including education, justice, health, philosophy, science, media, history, transport, and consumption. The organization is committed to promoting ideas and causes that contribute to the political, economic, cultural, and social advancement of Quebec society. Le Devoir publishes a daily newspaper and digital articles, which are accessible through mobile applications and tablet formats, ensuring that users remain informed about current events and developments worldwide.

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.

Agropur

Venture Round in 2015
Agropur is a dairy cooperative founded in 1938 in Québec, recognized as one of the top 20 dairy producers worldwide. The company specializes in producing a wide range of dairy products, including ice cream, cheese, yogurt, milk, and other milk-derived items, serving retail, food service, and industrial sectors globally. Agropur emphasizes sustainable practices in its operations, reflecting a commitment to innovation as a core principle of its business strategy. With over 80 years of experience in the dairy industry, Agropur continues to leverage its expertise to meet the evolving needs of its clients and to maintain its leadership position in the market.

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.

Telecon

Private Equity Round in 2015
TELECON Group is a Québec-based company headquartered in Trois-Rivières, specializing in technical engineering, design, construction, and implementation services for both wireless and wireline telecommunications networks. The company operates mainly in major urban centers across Québec and Ontario, catering to a diverse clientele that includes significant players in the telephony, cable, and Internet service sectors, as well as communication network operators. With a workforce of 1,140 employees, over 900 of whom are based in Québec, TELECON offers a comprehensive range of services, including the installation, maintenance, and engineering of telecommunications networks, as well as the location and maintenance of underground utility cables, both copper and fiber optic.

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.

Congebec

Private Equity Round in 2015
Congebec Inc., established in 1974, is a Canadian-based provider of refrigerated storage services, operating across Canada and the United States. It offers a range of temperature-controlled public storage solutions, including freezing and blast freezing, cross-docking, import/export services, bonded storage, trichinella treatments, order preparation, and distribution. Additionally, Congebec provides warehouse management systems and temperature control technologies. Its diverse client base comprises food chain operations such as producers, processors, wholesalers, retailers, brokers, carriers, restaurant chains, and government organizations. With locations in major cities across Canada, including Québec, Montréal, Winnipeg, Calgary, Saskatoon, and Toronto, Congebec ensures efficient and reliable storage solutions tailored to the unique needs of its clients within the food industry.

Agropur

Venture Round in 2014
Agropur is a dairy cooperative founded in 1938 in Québec, recognized as one of the top 20 dairy producers worldwide. The company specializes in producing a wide range of dairy products, including ice cream, cheese, yogurt, milk, and other milk-derived items, serving retail, food service, and industrial sectors globally. Agropur emphasizes sustainable practices in its operations, reflecting a commitment to innovation as a core principle of its business strategy. With over 80 years of experience in the dairy industry, Agropur continues to leverage its expertise to meet the evolving needs of its clients and to maintain its leadership position in the market.

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.

H2O Innovation

Post in 2012
H2O Innovation Inc. is a Canadian company specializing in integrated water treatment solutions utilizing membrane filtration technology. It operates through three primary segments: Water Technologies and Services, Specialty Products, and Operation and Maintenance Services. The Water Technologies and Services segment focuses on providing systems for drinking and industrial process water, as well as water reclamation, desalination, and wastewater treatment. The company also manufactures and supplies a range of membrane filtration systems, spare parts, and specialty reverse osmosis chemicals. Its Specialty Products segment includes a variety of consumables, such as membrane cleaners and coagulants, alongside maple syrup production equipment. The Operation and Maintenance Services segment offers public works services, construction for water infrastructure, and containerized treatment systems. Additionally, H2O Innovation provides technical support and software solutions for monitoring water treatment processes. Founded in 2000 and headquartered in Quebec City, the company has established itself as a leader in the water treatment industry, continuously expanding its market presence.

Cogeco

Post in 2011
Cogeco Communications Inc. is a telecommunications company based in North America, recognized as the eighth-largest cable operator in the region. It operates in Canada under the Cogeco Connexion brand, primarily serving customers in Quebec and Ontario, and has a significant presence in the United States through its subsidiary, Atlantic Broadband, which offers services in 12 states. Cogeco provides a comprehensive range of services, including high-speed internet, video, and telephony, catering to both residential and business clients. The company emphasizes customer satisfaction by investing in advanced broadband network facilities to ensure fast, reliable service at competitive prices, while also focusing on improving profitability and creating shareholder value.

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.

Optosecurity

Series B in 2007
Optosecurity Inc. is a technology company based in Quebec, Canada, that specializes in developing security solutions for the transportation and critical infrastructure sectors. Founded in 2003, the company initially operated as Optobiometrics, Inc. before rebranding in 2004. Optosecurity offers several innovative products, including eVelocity, an integrated software suite that facilitates the collection and integration of real-time operational data from various X-ray machines at airports, and OptoScreener, which retrofits existing systems to automatically detect liquid explosives, firearms, and other threats. Additionally, the XMS Threat Detection Software Suite enhances imaging systems by providing decision support at security checkpoints. Optosecurity has established partnerships with notable organizations such as Smiths Detection and Safran, further reinforcing its position in the security technology landscape. As of mid-2017, Optosecurity operates as a subsidiary of Vanderlande Industries B.V.

GO Capital Fund

Venture Round in 2006
GO Capital is a venture capital fund with a total capital of $50 million, dedicated to supporting emerging technology firms in Quebec. The fund specifically targets companies in advanced technologies, information technology, life sciences, and telecommunications that are seeking financing. GO Capital matches investments dollar for dollar with the Business Development Bank of Canada (BDC), effectively doubling the available capital to $100 million for selected firms. Additionally, FIER Partners has committed to investing $25 million as part of a new stream of seed funding aimed at technology companies. Other contributors to the fund include the BDC, the Caisse de dépôt et placement du Québec, the Solidarity Fund QFL, and Fondaction, which together enhance the financial resources available to support these young enterprises.

Optosecurity

Series A in 2005
Optosecurity Inc. is a technology company based in Quebec, Canada, that specializes in developing security solutions for the transportation and critical infrastructure sectors. Founded in 2003, the company initially operated as Optobiometrics, Inc. before rebranding in 2004. Optosecurity offers several innovative products, including eVelocity, an integrated software suite that facilitates the collection and integration of real-time operational data from various X-ray machines at airports, and OptoScreener, which retrofits existing systems to automatically detect liquid explosives, firearms, and other threats. Additionally, the XMS Threat Detection Software Suite enhances imaging systems by providing decision support at security checkpoints. Optosecurity has established partnerships with notable organizations such as Smiths Detection and Safran, further reinforcing its position in the security technology landscape. As of mid-2017, Optosecurity operates as a subsidiary of Vanderlande Industries B.V.
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