Investissement Québec

Investissement Québec, established in 1998 and headquartered in Montreal, Canada, serves as a financial institution and economic development agency dedicated to supporting businesses looking to establish operations in the province. The organization provides a range of services, including site identification, business assistance, and the formation of strategic alliances across various industries. Its financial offerings encompass loans, equity financing, tax credits, development capital, project financing, loan guarantees, and equity investments. Investissement Québec focuses on key sectors such as aerospace, agri-food, transportation, information and communication technologies, life sciences, and microelectronics, positioning itself as a vital partner for corporations aiming to expand in Québec.

Maxime Courchesne

Investment Manager / Venture Capital

Guy LeBlanc

CEO

Didier Leconte

Vice-président, Sciences de la vie et technologie | Vice President, Life Sciences and Technology

Bicha Ngo

CEO

Past deals in GreenTech

Dcbel

Venture Round in 2023
dcbel's mission is to deliver energy that lets people live a life without compromise. dcbel™ (formerly known as Ossiaco) sits at the nexus of residential solar power, electric vehicle charging, the smart home, and customer-centric utilities. The dcbel team has a proven history of rethinking energy distribution for everything from large utility customers to distributed energy resource providers. dcbel's AI-driven sustainable technologies enable people to leverage solar energy to power their cars, their homes, and their lifestyles. dcbel has numerous worldwide patents in power electronics and power conversion and is backed by a number of globally respected investors.

QScale

Venture Round in 2023
Developer of computing infrastructure designed for AI processing. The company's platform provides high-density campuses configured to operationalize machine learning and compute-intensive workloads and offers environmentally responsible data processing, enabling clients to get faster results without polluting the planet.

Volinergy

Non Equity Assistance in 2022
Volinergy is a company specialized in the electrification of airways through innovative battery module technologies related to battery thermal and energy management, mechanical assembly and software deployment. The electrification of air transport is very promising, but is limited by the battery systems that bring important limitations. The first main problem is related to the autonomy of the vehicle which is directly linked to the low energy density of Li-ion cells. The second problem is the low durability of the batteries that require frequent system changes, which is expensive and not optimal for high volume deployment. The third issue is battery safety since Li-ion cells have an intrinsic thermal runaway problem. Volinergy has developed new technologies around energy management, thermal management, mechanical assembly and data management. All together, these technologies allow to better cool the battery system and to avoid the propagation of a thermal runaway, while better managing the energy to reduce losses and inaccessible energy and finally to better process the data at the Li-ion cells. The technologies are appropriately protected according to their use and novelty. Volinergy sells battery modules as a product and a SaaS platform, which is based on Artificial Intelligence (AI) and Machine Learning (ML) algorithms.

LeddarTech

Series D in 2022
LeddarTech Inc. is a developer of advanced detection and ranging systems utilizing time-of-flight measurement technology with infrared LEDs. Founded in 2007 and headquartered in Quebec City, Canada, the company offers a range of products, including smart sensor modules for various applications, such as traffic management and industrial use. LeddarTech specializes in environmental sensing platforms, particularly for autonomous vehicles and advanced driver assistance systems (ADAS), enabling customers to address key sensing and perception challenges. Its LeddarVision™ sensor-fusion platform and the LeddarEngine™ for LiDAR development support automotive system integrators in creating comprehensive sensing solutions applicable across multiple mobility sectors, including autonomous shuttles and delivery vehicles. The company holds numerous patents that contribute to innovations in automotive sensing technologies. LeddarTech also provides interconnected sensor solutions for urban infrastructure, public safety, navigation, and agriculture, and sells its products online.

GHGSat

Series B in 2021
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.

Brilliant Matters

Seed Round in 2021
Brilliant Matters is a developer and manufacturer focused on providing advanced materials for printed electronics. Founded by material scientists, the company addresses the demand for a reliable supply of next-generation organic semiconductors. Utilizing innovative chemical processes, Brilliant Matters specializes in creating proprietary materials that support the production of organic solar cells, photodetectors, thin-film transistors, and electrochromic devices. Their commitment to developing environmentally friendly solutions positions them as a valuable partner for manufacturers in the electronics sector.

Ferme D'hiver

Seed Round in 2021
Ferme d'hiver is developing a complete Agro Tech solution including cultivars, recipes, software and clean room automation for production 12 months a year without chemical pesticides.

Ferme D'hiver

Debt Financing in 2021
Ferme d'hiver is developing a complete Agro Tech solution including cultivars, recipes, software and clean room automation for production 12 months a year without chemical pesticides.

e2ip technologies

Debt Financing in 2020
e2ip technologies specializes in human machine Interface (HMI) Solutions and printed electronics technologies.

FLO

Series C in 2020
AddÉnergie Technologies Inc. is a leading Canadian company specializing in smart charging solutions for electric vehicles. Established in 2009 and based in Québec, the company develops, manufactures, and operates a range of charging stations tailored for various market segments, including the public sector, employers, multi-residential buildings, and fleets. Its product offerings include the SmartTWO and SmartDC charging stations for commercial and industrial use, as well as specialized solutions like the CoRe+ charger for private areas and the Curbside Charger. AddÉnergie is also the provider of the Electric Circuit and VERnetworkTM, two of Canada’s largest charging station networks, which collectively feature over 2,000 charging stations. The company supplies both the hardware and software necessary for managing these networks, and it is poised to expand its operations through new partnerships and networks internationally.

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.

GHGSat

Grant 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.

Eocycle

Venture Round in 2020
Eocycle Technologies Inc. develops, manufactures, and commercializes wind turbines for distributed wind energy applications. The company offers direct-drive wind turbines, custom generators/motors, and transverse flux permanent magnet generators/motors. It serves farms, ranches, greenhouses, and vineyards; residences; schools, colleges, and universities; governmental and institutional facilities, including office buildings, pumping stations, water treatment facilities, parks, arenas, stadiums, museums, and rest areas; retail businesses and small- or medium-size enterprises; golf courses, ski resorts, training centres, hotels, and recreational parks; rural electrification for developing countries; and isolated sites and remote areas where diesel-powered generation is used for producing electricity. The company offers its products through dealers worldwide. Eocycle Technologies Inc. was incorporated in 2000 and is headquartered in Gaspé, Canada.

Sollum

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.

Ferme D'hiver

Venture Round in 2020
Ferme d'hiver is developing a complete Agro Tech solution including cultivars, recipes, software and clean room automation for production 12 months a year without chemical pesticides.

Inno-3B

Seed Round in 2018
Inno-3B Inc. specializes in developing innovative artificial intelligence software and automated vertical farming systems designed to address environmental challenges in agriculture. Founded in 2014 and based in Saint-Pacôme, Canada, the company offers a range of products, including the Yield Factory, which features environmental control chambers for plant and insect production, a patented lighting system, and built-in pest control. Inno-3B's fully automated and scalable growing systems cater to a variety of sectors, including food production, pharmaceuticals, and research, allowing users—from small-scale growers to large multinational producers—to cultivate organic produce, berries, and herbs locally. The company aims to provide cost-effective and eco-friendly solutions while supporting users in managing their growing processes effectively.

Oneka Technologies

Seed Round in 2018
Oneka Technologies Inc., founded in 2015 and based in Sherbrooke, Canada, specializes in the manufacture of innovative water desalination systems that convert ocean water into drinkable water. The company's technology utilizes wave energy through buoy systems that perform a vertical pumping action to pressurize seawater, enabling the production of freshwater via reverse osmosis membranes. This autonomous solution does not require fuel or electricity, significantly reducing operational costs and environmental impact. Oneka's desalination units can be deployed without occupying coastal land or creating visual disturbances, making them suitable for private islands and coastal communities. The modular design allows for scalability, enabling the addition of more buoys as demand for freshwater increases. Oneka Technologies also maintains a testing site in Port St. Lucie, Florida, to further develop and refine its solutions.

Eocycle

Debt Financing in 2017
Eocycle Technologies Inc. develops, manufactures, and commercializes wind turbines for distributed wind energy applications. The company offers direct-drive wind turbines, custom generators/motors, and transverse flux permanent magnet generators/motors. It serves farms, ranches, greenhouses, and vineyards; residences; schools, colleges, and universities; governmental and institutional facilities, including office buildings, pumping stations, water treatment facilities, parks, arenas, stadiums, museums, and rest areas; retail businesses and small- or medium-size enterprises; golf courses, ski resorts, training centres, hotels, and recreational parks; rural electrification for developing countries; and isolated sites and remote areas where diesel-powered generation is used for producing electricity. The company offers its products through dealers worldwide. Eocycle Technologies Inc. was incorporated in 2000 and is headquartered in Gaspé, Canada.

FLO

Venture Round in 2016
AddÉnergie Technologies Inc. is a leading Canadian company specializing in smart charging solutions for electric vehicles. Established in 2009 and based in Québec, the company develops, manufactures, and operates a range of charging stations tailored for various market segments, including the public sector, employers, multi-residential buildings, and fleets. Its product offerings include the SmartTWO and SmartDC charging stations for commercial and industrial use, as well as specialized solutions like the CoRe+ charger for private areas and the Curbside Charger. AddÉnergie is also the provider of the Electric Circuit and VERnetworkTM, two of Canada’s largest charging station networks, which collectively feature over 2,000 charging stations. The company supplies both the hardware and software necessary for managing these networks, and it is poised to expand its operations through new partnerships and networks internationally.

Solotech

Venture Round in 2013
SOLOTECH is a leader in technological innovation. They work closely with their valuable clients in a team environment to create solutions. Whether the project requirements are modest or highly complex, they overcome challenges with the aim of exceeding expectations.
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