Investissement Quebec

Investissement Québec is a financial institution established in 1998, dedicated to supporting economic growth in the province of Québec. It serves as both a consulting and financing partner for businesses seeking to expand or establish operations in the region. The organization offers a range of financial assistance and solutions tailored to the needs of corporations, facilitating their investment projects and helping to foster a favorable business environment. By combining the roles of a financial institution and an economic development agency, Investissement Québec aims to promote sustainable economic development and drive innovation within the province.

Sébastian Boisjoly

Vice President of Venture Capital and Investment funds

Pierre Gabriel Cote

President and Chief Executive Officer

Xavier Kato

Investment Director

Guy LeBlanc

Chief Executive Officer

Bicha Ngo

Senior Executive Vice President of Private Equity

Christian Settano

Senior Executive Vice President of Finance, Risk Management and Information Technology

Past deals in Montreal

FemTherapeutics Inc.

Seed Round in 2023
FemTherapeutics Inc. is a Montreal-based medical device company with a mission to personalize therapeutics in women’s health. FemTherapeutics has developed an artificial intelligence platform that leverages patient data to design novel medical devices, and offer customization to achieve better clinical outcomes. Our first product involves the customization of gynecological prosthetics (or vaginal pessaries) to improve the management of Pelvic Floor Disorders in women.

Potloc

Series B in 2022
Potloc Inc. operates an online consumer insights platform that enables businesses to access valuable data regarding consumer behavior and purchasing habits. Founded in 2014 and headquartered in Montreal, Canada, with additional offices in Toronto, Paris, and Geneva, Potloc conducts geotargeted surveys through social networks, offering a modern alternative to traditional research methods. By leveraging these surveys, Potloc assists clients in improving customer experience, converting competitors' clients, and enhancing product or service offerings. The platform empowers businesses by providing insights that help them connect with their target audiences and drive profitability. With a growing team of nearly 60 employees, Potloc serves hundreds of businesses seeking to understand and engage with consumers more effectively.

RenoRun

Series B in 2022
RenoRun is building the world's largest single source platform for general contractors to purchase materials. Their mobile-friendly platform is a one-stop-shop when it comes to construction material supply. This app is revolutionizing the construction industry by maximizing productivity, saving contractors wasted run-around hours, and allowing their clients to leave their competition in the dust. Their trained runners will collect and deliver the desired materials to the job site. RenoRun was founded in 2016 and is headquartered in Montreal, Canada, with offices in Toronto and Austin, Texas.

Imperial Mining Group

Grant in 2021
Imperial Mining Group Ltd. operates as a mineral exploration company in Canada. The company primarily explores for copper-zinc, gold, scandium-niobium-tantalum, and silver deposits. The company holds interests in the Crater Lake project comprising 96 contiguous claims covering an area of 47 square kilometers located to the northeast of Schefferville, Quebec; and the Opawica project, which includes 42 contiguous mining titles in Gand and Lespérance townships covering an area of 23.45 square kilometers situated to the east of Desmaraisville in the Chibougamau mining camp. It also holds interests in the Carheil property comprising 100 contiguous claims covering an area of approximately 46.47 square kilometers; and the Brouillan property, which includes 13 claims covering a surface area of approximately 7.22 square kilometers located in the north of the town of La Sarre. In addition, the company holds an interest in the La Ronciere project, which consists of 45 mining claims covering an area of 25.1 square kilometers in Gand and La Roncière townships. Imperial Mining Group Ltd. is based in Montreal, Canada.

Booxi

Seed Round in 2021
Booxi is a developer of business management software focused on simplifying appointment-based operations for retailers. The company's platform provides a range of features, including Customer Relationship Management (CRM), appointment management, online payment processing, and staff calendar management. By integrating these functionalities, Booxi aims to enhance the customer experience while streamlining event and appointment scheduling for businesses. The software also incorporates marketing automation tools and a virtual assistant, further supporting retailers in managing their appointments efficiently.

district m

Series C in 2021
district m Inc. is a digital media company based in Montreal, Canada, that specializes in programmatic advertising solutions for both advertisers and publishers. Established in 2013, the company provides a comprehensive data management platform that enables real-time tracking of advertising campaigns. Its offerings include a range of services such as data and contextual targeting, engagement metrics, reporting, multi-targeting, and geotargeting, aimed at optimizing sales and conversions for advertisers. Additionally, district m operates a programmatic publisher platform that focuses on inventory monetization, yield optimization, and quality control, supporting publishers in maximizing their advertising revenue. With operations extending to Toronto and New York, district m aims to simplify the programmatic advertising process while delivering effective solutions.

Zetane Systems

Pre Seed Round in 2020
Zetane Systems is a Montreal-region software technology company specializing in commercial applications of artificial intelligence (AI). Zetane AI development engine is proprietary software that provides a visual, intuitive, and collaborative environment for businesses to build AI solutions and products based on machine learning models. The company aims to make the development of AI solutions more accessible to AI teams in businesses and promote abilities to explain the inner workings of complex neural networks to address “black box” concerns, increase stakeholder buy-in, reduce time to market, and mitigate risks prior to deployment. In addition to selling powerful software, the company also provides a full suite of consulting services to facilitate the adoption of AI solutions in diverse industries.

Effenco

Series B in 2020
Effenco Development inc. designs and manufactures Hydraulic Equipment Assisting Devices (HEAD) for heavy-duty vocational vehicles. The company designs and manufactures electric hybrid starter-generators, ultracapacitors, electric motor-driven hydraulic pumps, and electric air conditioning compressors. The company caters to blue-chip customers in Canada, New York, California, France, and Norway on waste trucks, dump trucks, and yard tractors. Effenco Development inc. was founded in 2006 and is based in Montreal, Canada with additional offices in Los Angeles, California; Paris, France; Kongsberg, Norway.

GHGSat

Series B in 2020
GHGSat Incorporated provides greenhouse gas emissions monitoring data and services. The company offers data products, including surface reflectance images, abundance datasets, concentration maps, and monitoring and emission rates. Its analysis services include monitoring of targeted sites, such as natural gas leaks from pipelines; emission rate estimations, including inventory analysis emission rate of species; augmented analysis of emissions; mosaics of commercial satellite imagery products; and trending analysis of emissions from individual sites, or grouped sites. The company offers its products through a network of resellers to oil and gas, power generation, mining, waste management, and agriculture markets in Canada and internationally. GHGSat Incorporated was founded in 2011 and is based in Montreal, Canada.

Breathe Life

Series A in 2020
Breathe Life Inc. designs and develops a software platform for insurance companies and assists them in conducting business online. The company's platform uses tools and analytics for the digital distribution of life insurance policies and eliminates the requirement of brokers. It also features a single-session quote creation and application process which enables consumers to purchase products on their own. It caters to life and health insurers, distribution organizations, and advisors. The company was incorporated in 2017 and is based in Montreal, Canada.

Nesto

Series A in 2020
Nesto is on a mission to offer a positive, empowering and transparent property financing experience, simplified from start to finish. Powered by the most advanced technology, we screen the whole market in seconds to find the most affordable mortgage while our commission-free experts provide you with unbiased support along the process. Simply, welcome to the bright future of home buying.

Sollum Technologies

Series B in 2020
Sollum Technologies Inc. designs and manufactures lighting systems. Its lighting systems include LED hardware and programmable platform to provide the right light at various stages of crop growth; and a natural circadian rhythm to animals. The company was incorporated in 2015 and is based in Montreal, Canada.

Hopper

Venture Round in 2020
Hopper Inc. is a travel technology company that has developed a mobile application leveraging big data to predict and analyze airfare and hotel prices. Founded in 2007 and headquartered in Montreal, Canada, with additional offices in Cambridge, Massachusetts, New York, New York, and Sofia, Bulgaria, Hopper assists travelers in securing the best deals by providing timely notifications when flight and accommodation prices reach their predicted lowest points. By offering data-driven travel recommendations, Hopper enhances the booking experience for users, enabling them to make informed decisions and save money on their journeys.

Nouveau Monde Graphite

Debt Financing in 2020
Nouveau Monde Graphite Inc. is focused on the acquisition, exploration, evaluation, and development of mineral properties, primarily targeting graphite in Quebec, Canada. The company holds a 100% interest in the Matawinie property, which encompasses 319 mining claims over an area of 17,585 hectares located north of Montreal. Founded in 2011 and headquartered in Saint-Michel-des-Saints, Nouveau Monde aims to operate with high environmental standards in one of the most mining-friendly jurisdictions in the world. The company is strategically positioning itself to serve the growing North American lithium-ion battery market by providing a local, environmentally responsible supply of natural graphite, which is seen as advantageous for battery manufacturers in the region.
Osisko Gold Royalties Ltd is a prominent intermediate precious metal royalty company based in North America, with a diverse portfolio comprising over 130 royalties, streams, and precious metal offtakes. The company's portfolio is primarily anchored by a 5% net smelter return royalty on the Canadian Malartic Mine, the largest gold mine in Canada. In addition to its royalty interests, Osisko holds stakes in several publicly traded resource companies, including Barkerville Gold Mines Ltd., Osisko Mining Inc., and Falco Resources Ltd. The company is engaged in acquiring and managing high-quality royalties and streams, as well as participating in future financing opportunities for various mining projects. Its operations are largely focused on North America, where it generates a significant portion of its income.

Stradigi AI

Series A in 2019
Stradigi AI Inc., founded in 2005 and based in Montreal, Canada, specializes in artificial intelligence services through its AI platform. The company offers the Kepler AI business platform, designed to enhance data-driven decision-making across various business functions. By providing access to automated machine learning workflows, Stradigi AI enables organizations to streamline the AI deployment process, facilitating a project lifecycle that accelerates the time-to-value for insights derived from data. This approach allows businesses of all sizes to harness AI capabilities effectively, leading to measurable improvements in performance and decision-making.

Coveo

Private Equity Round in 2019
Coveo Solutions Inc. develops an intelligent enterprise search platform designed for mid-to-large size organizations across various industries. Its flagship products, such as Coveo for Salesforce and Coveo for Sitecore, enhance user experience by providing consumer-like search capabilities and personalized recommendations based on specific tasks. The platform connects and unifies information from both on-premise and cloud applications, enabling employees and customers to access relevant insights and expertise seamlessly. Coveo's technology facilitates self-service, improves contact center performance, and fosters collaboration within companies. Founded in 2004, Coveo is headquartered in San Mateo, California, with research and development operations in Quebec City, Canada, and additional offices in Montreal, Amsterdam, and the United Kingdom. The company also offers consulting and support services and maintains strategic partnerships with major technology firms.

LANDR

Convertible Note in 2019
LANDR Audio Inc. provides a cloud based intelligent audio mixing and mastering technology for musicians. It offers MixGenius, an intelligent music production system that listens and responds using complex algorithms to engineer music. The company’s MixGenius includes psychoacoustic and spectral analysis system that actively listens to music and detects detailed features in the audio signals. LANDR Audio Inc. was formerly known as MixGenius, Inc. LANDR Audio Inc. was founded in 2012 and is based in Montreal, Canada.

Pit Caribou

Venture Round in 2019
Founded in 2007, the mission of the Pit Caribou microbrewery is to craft quality beers by tapping into the resources of the Gaspé region. They are located in L'Anse à Beaufils, a fishing harbour in the town of Percé on the Gaspé Peninsula, and operate pubs in Percé and Montreal. In addition to their production facilities, they have a shop for stocking up on their bottled products and a patio for enjoying their beers by the sea. The company currently has 37 employees.

Potloc

Series A in 2019
Potloc Inc. operates an online consumer insights platform that enables businesses to access valuable data regarding consumer behavior and purchasing habits. Founded in 2014 and headquartered in Montreal, Canada, with additional offices in Toronto, Paris, and Geneva, Potloc conducts geotargeted surveys through social networks, offering a modern alternative to traditional research methods. By leveraging these surveys, Potloc assists clients in improving customer experience, converting competitors' clients, and enhancing product or service offerings. The platform empowers businesses by providing insights that help them connect with their target audiences and drive profitability. With a growing team of nearly 60 employees, Potloc serves hundreds of businesses seeking to understand and engage with consumers more effectively.

Alethia BioTherapeutics

Debt Financing in 2019
Alethia BioTherapeutics, Inc., a biotechnology company, engages in the discovery and development of monoclonal antibody-based therapeutics focusing on the cancer-associated epithelial-to-mesenchymal transition, ovarian cancer, and on cancer-induced bone loss. Its products include Isogranulatimide, a G2 checkpoint inhibitor, which potentiates the response to several DNA-damaging chemotherapeutic agents; sCLU, a heterodimeric disulphide-linked glycoprotein of 449 amino acids, the over-expression of which is observed in various malignancies, including prostate, bladder, kidney, breast, colon, and lung tumors; AB-0447, an antigen that is expressed at the surface of ovarian cancer epithelial cells in greater than eighty five percent of malignant tumors; and AB-0440, a cell-surface protease-like protein, whose expression is stimulated early in osteoclast differentiation in response to RANK ligand. The company was founded in 2002 and is based in Montreal, Canada.

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.

district m

Series A in 2019
district m Inc. is a digital media company based in Montreal, Canada, that specializes in programmatic advertising solutions for both advertisers and publishers. Established in 2013, the company provides a comprehensive data management platform that enables real-time tracking of advertising campaigns. Its offerings include a range of services such as data and contextual targeting, engagement metrics, reporting, multi-targeting, and geotargeting, aimed at optimizing sales and conversions for advertisers. Additionally, district m operates a programmatic publisher platform that focuses on inventory monetization, yield optimization, and quality control, supporting publishers in maximizing their advertising revenue. With operations extending to Toronto and New York, district m aims to simplify the programmatic advertising process while delivering effective solutions.

Nouveau Monde Graphite

Debt Financing in 2018
Nouveau Monde Graphite Inc. is focused on the acquisition, exploration, evaluation, and development of mineral properties, primarily targeting graphite in Quebec, Canada. The company holds a 100% interest in the Matawinie property, which encompasses 319 mining claims over an area of 17,585 hectares located north of Montreal. Founded in 2011 and headquartered in Saint-Michel-des-Saints, Nouveau Monde aims to operate with high environmental standards in one of the most mining-friendly jurisdictions in the world. The company is strategically positioning itself to serve the growing North American lithium-ion battery market by providing a local, environmentally responsible supply of natural graphite, which is seen as advantageous for battery manufacturers in the region.

Effenco

Series A in 2018
Effenco Development inc. designs and manufactures Hydraulic Equipment Assisting Devices (HEAD) for heavy-duty vocational vehicles. The company designs and manufactures electric hybrid starter-generators, ultracapacitors, electric motor-driven hydraulic pumps, and electric air conditioning compressors. The company caters to blue-chip customers in Canada, New York, California, France, and Norway on waste trucks, dump trucks, and yard tractors. Effenco Development inc. was founded in 2006 and is based in Montreal, Canada with additional offices in Los Angeles, California; Paris, France; Kongsberg, Norway.

Hopper

Series D in 2018
Hopper Inc. is a travel technology company that has developed a mobile application leveraging big data to predict and analyze airfare and hotel prices. Founded in 2007 and headquartered in Montreal, Canada, with additional offices in Cambridge, Massachusetts, New York, New York, and Sofia, Bulgaria, Hopper assists travelers in securing the best deals by providing timely notifications when flight and accommodation prices reach their predicted lowest points. By offering data-driven travel recommendations, Hopper enhances the booking experience for users, enabling them to make informed decisions and save money on their journeys.

mnubo

Series B in 2018
Mnubo Inc. specializes in data management and analytics for the Internet of Things (IoT), serving enterprises, service providers, and device manufacturers. Founded in 2012 and based in Montreal, Canada, with an office in Tokyo, the company offers a cloud platform that allows original equipment manufacturers (OEMs) to connect, collect, and analyze data from connected devices. Mnubo provides services for real-time IoT data streams, including object modeling, sensor templates, and lifecycle management. Its solutions cater to various sectors, such as wearables, industrial applications, automotive, building management, and healthcare. By leveraging advanced analytics, Mnubo helps manufacturers enhance product usage, boost customer engagement, reduce churn, and lower operational costs. As of July 2019, Mnubo operates as a subsidiary of Aspen Technology, Inc.

Noze

Seed Round in 2018
Stratuscent Inc., based in Montreal, Canada, specializes in developing an advanced electronic chemical sensing platform known as CloudSense. This innovative technology leverages artificial intelligence algorithms and material innovations to identify and quantify various chemical footprints present in the environment. By integrating robust additive manufacturing techniques, Stratuscent aims to enhance the capabilities of its chemical sensors, enabling them to detect a wide range of chemicals. The company's focus on vertical AI positions it uniquely in the market, as it seeks to provide accurate and efficient solutions for environmental monitoring and analysis.

Greybox Solutions

Series A in 2018
Greybox Solution is a digital turbo-charged healthcare platform.

Netlift

Seed Round in 2017
Netlift Inc. is a transportation service provider based in Montreal, Canada, founded in 2012. The company operates a mobile application that facilitates ride-sharing by matching passengers with drivers who have available seats in their vehicles. This service is designed to assist daily commuters by offering an efficient and cost-effective solution for traveling between home and work, while also integrating with the city's public transit network. Netlift's platform enhances mixed-mode commuting by proposing optimal route options that meet users' travel requirements, making it easier for individuals to connect and share rides.
Osisko Gold Royalties Ltd is a prominent intermediate precious metal royalty company based in North America, with a diverse portfolio comprising over 130 royalties, streams, and precious metal offtakes. The company's portfolio is primarily anchored by a 5% net smelter return royalty on the Canadian Malartic Mine, the largest gold mine in Canada. In addition to its royalty interests, Osisko holds stakes in several publicly traded resource companies, including Barkerville Gold Mines Ltd., Osisko Mining Inc., and Falco Resources Ltd. The company is engaged in acquiring and managing high-quality royalties and streams, as well as participating in future financing opportunities for various mining projects. Its operations are largely focused on North America, where it generates a significant portion of its income.

Hopper

Series C in 2016
Hopper Inc. is a travel technology company that has developed a mobile application leveraging big data to predict and analyze airfare and hotel prices. Founded in 2007 and headquartered in Montreal, Canada, with additional offices in Cambridge, Massachusetts, New York, New York, and Sofia, Bulgaria, Hopper assists travelers in securing the best deals by providing timely notifications when flight and accommodation prices reach their predicted lowest points. By offering data-driven travel recommendations, Hopper enhances the booking experience for users, enabling them to make informed decisions and save money on their journeys.

district m

Seed Round in 2016
district m Inc. is a digital media company based in Montreal, Canada, that specializes in programmatic advertising solutions for both advertisers and publishers. Established in 2013, the company provides a comprehensive data management platform that enables real-time tracking of advertising campaigns. Its offerings include a range of services such as data and contextual targeting, engagement metrics, reporting, multi-targeting, and geotargeting, aimed at optimizing sales and conversions for advertisers. Additionally, district m operates a programmatic publisher platform that focuses on inventory monetization, yield optimization, and quality control, supporting publishers in maximizing their advertising revenue. With operations extending to Toronto and New York, district m aims to simplify the programmatic advertising process while delivering effective solutions.

OMsignal

Series B in 2016
OMsignal Inc. is a Montreal-based company that specializes in manufacturing bio-sensing clothing equipped with embedded sensors to monitor vital bodily functions. Their product line includes the OMbra, a sports bra designed to capture deep and accurate body signals, and the OMshirt, which records heart rate and breathing patterns. The accompanying OMrun mobile application connects to these garments, providing real-time data on heart rate, breathing rhythms, calorie count, cadence, pace, and distance, along with run recaps and progress tracking. Founded in 2011, OMsignal aims to seamlessly integrate health monitoring into everyday life by allowing users to access their physiological data through mobile devices. Products are available for purchase online.
Osisko Gold Royalties Ltd is a prominent intermediate precious metal royalty company based in North America, with a diverse portfolio comprising over 130 royalties, streams, and precious metal offtakes. The company's portfolio is primarily anchored by a 5% net smelter return royalty on the Canadian Malartic Mine, the largest gold mine in Canada. In addition to its royalty interests, Osisko holds stakes in several publicly traded resource companies, including Barkerville Gold Mines Ltd., Osisko Mining Inc., and Falco Resources Ltd. The company is engaged in acquiring and managing high-quality royalties and streams, as well as participating in future financing opportunities for various mining projects. Its operations are largely focused on North America, where it generates a significant portion of its income.

Coveo

Series D in 2015
Coveo Solutions Inc. develops an intelligent enterprise search platform designed for mid-to-large size organizations across various industries. Its flagship products, such as Coveo for Salesforce and Coveo for Sitecore, enhance user experience by providing consumer-like search capabilities and personalized recommendations based on specific tasks. The platform connects and unifies information from both on-premise and cloud applications, enabling employees and customers to access relevant insights and expertise seamlessly. Coveo's technology facilitates self-service, improves contact center performance, and fosters collaboration within companies. Founded in 2004, Coveo is headquartered in San Mateo, California, with research and development operations in Quebec City, Canada, and additional offices in Montreal, Amsterdam, and the United Kingdom. The company also offers consulting and support services and maintains strategic partnerships with major technology firms.

Prevtec microbia

Venture Round in 2015
Prevtec Microbia Inc. is a biotechnology company based in Montreal, Canada, established in 2003 as a spin-off from the Faculté de médecine vétérinaire at the Université de Montréal. The company specializes in developing and marketing technologies and products aimed at enhancing the health of food animals, thereby improving production performance and food safety. Its primary product, Coliprotec, is a live vaccine designed to prevent post-weaning diarrhea in pigs caused by F4 (K88)-positive E. coli bacteria. Prevtec Microbia has operations in Canada and Europe, focusing on the prevention of bacterial infections in food animal production. The company operates as a subsidiary of Elanco Canada Limited.

Beyond the Rack

Series C in 2013
Beyond the Rack is a Montreal-based private shopping club that offers exclusive discounts of up to 80% on a wide range of products, including apparel, accessories, fragrances, home goods, and electronics for men, women, and children. With around 15 million active members across Canada and the United States, the platform features limited-quantity flash sales that typically last 48 to 72 hours or until the merchandise sells out. Beyond the Rack collaborates with over 3,000 major fashion brands to provide these deals without involving a retail middleman. Members receive tailored notifications about upcoming sales based on their preferences, and the site conducts 15 to 25 sales daily, depending on demand. Membership is free, with several easy sign-up options, and Beyond the Rack is known for its responsive customer service and efficient shipping. The company has gained recognition for its growth, having been named the fastest-growing internet retailer in 2011, and has generated substantial sales revenue.

Audiokinetic

Venture Round in 2007
Audiokinetic Inc. provides cross-platform audio solutions for the interactive media and gaming industries in Canada and internationally. It offers WaveWorks Interactive Sound Engine (Wwise), an audio pipeline solution that features an optimized sound engine for managing audio processing; and an event based audio authoring tool for creating audio asset structures, integrating interactive music elements, defining audio propagation, managing sound integration, and creating SoundBanks. The company also offers Wwise add-ons that include Wwise Convolution, a reverb effect plug-in that creates reverberation based on samples of real spaces; SoundSeed, a family of cross-platform interactive sound generators for game audio; and Wwise Motion, which allows users to author, simulate, profile, and edit in real–time directly in Wwise’s authoring application. In addition, it offers consulting services that comprise custom tool/feature development, project support, training, project evaluation, and sound engine integration; and support services. The company was founded in 2000 and is based in Montreal, Canada. As of January 31, 2019, Audiokinetic Inc. operates as a subsidiary of Sony Interactive Entertainment LLC.

Octasic

Series B in 2002
Octasic is a semiconductor and technology company specializing in two key markets: - Wireless base stations - Media gateways. Octasic’s objective is to help their customers deliver winning products to market more quickly, with less investment, and lower risk. Established in 1998, Octasic is headquartered in Montreal, Canada, with R&D in Canada and India, and worldwide sales support. Over their 15-plus years of existence, Octasic has developed and maintained key partnerships with many of the leading Tier-1 telecommunications and government OEMs worldwide.