Investors in Quebec

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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.
Made 131 investments in Quebec

Fonds de solidarité FTQ

Fonds de solidarité FTQ is a private equity and venture capital firm established in 1983 and headquartered in Montreal, Canada. The firm specializes in investing in small and medium-sized businesses, primarily within Quebec, focusing on sectors such as aerospace, agri-food, chemicals, construction materials, life sciences, telecommunications, and tourism. Fonds de solidarité FTQ targets projects requiring investments of $3 million or more and offers loans up to $2 million. The firm does not invest in retail, real estate, farming, biotechnology, or financial services. It actively seeks opportunities in various industries, including environmental initiatives, cultural projects, and advanced manufacturing. The firm typically holds its investments for five to ten years, with a preference for equity financing and an ability to take minority or majority stakes in portfolio companies. By prioritizing projects that positively impact the Quebec economy, Fonds de solidarité FTQ aims to foster local development and growth while supporting business succession and innovation.
Made 228 investments in Quebec

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.
Made 121 investments in Quebec

Desjardins

Desjardins is a comprehensive financial services organization that caters to both individuals and businesses. It provides a wide array of personal services, including loans, credit cards, insurance, investment options, and wealth management. For businesses, Desjardins offers services such as financing, accounts management, trade finance, and payroll solutions. Additionally, the organization operates Desjardins Venture Capital, which manages investment funds and supports businesses through its extensive network and expertise. Desjardins also features a securities brokerage arm, offering investment advisory services and various brokerage products. With a commitment to meeting the diverse needs of its members and clients, Desjardins utilizes an extensive distribution network and online platforms to deliver its services effectively.
Made 221 investments in Quebec

BDC Capital

BDC Capital Inc. is the private equity and venture capital arm of the Business Development Bank of Canada, focusing on direct and fund of funds investments. It specializes in various financing options, including subordinate, recapitalization, bridge, and venture capital, targeting middle market, later stage, and small to medium-sized businesses. BDC Capital engages in venture capital activities across all stages, from seed funding to pre-IPO financing, with a particular emphasis on technology and healthcare sectors. Its investment strategy includes a commitment to supporting women-led firms and spans industries such as life sciences, telecommunications, information technology, and advanced technologies. The firm typically invests between CAD 0.1 million and CAD 35 million, often seeking minority stakes and board representation in its portfolio companies. BDC Capital prefers to exit investments within three to five years, utilizing strategies such as initial public offerings and strategic sales. Established in 1975 and headquartered in Montreal, the firm also has offices in British Columbia, Ontario, Quebec, and Alberta, focusing its investments primarily within Canada.
Made 183 investments in Quebec

Anges Québec

Anges Québec is a venture capital firm based in Montreal, Canada, founded in 2008, that focuses on seed and startup investments primarily in innovative companies across various sectors, including clean technologies, healthcare, manufacturing, retail, and information technology. With a network of over 230 angel investors, Anges Québec has invested more than $80 million in over 210 projects, supporting more than 115 businesses in Quebec. The firm aims to facilitate connections between angel investors and entrepreneurs in need of funding, with individual investments typically ranging from $25,000 to $100,000, and group investments between $250,000 and $1,000,000 per project. Additionally, Anges Québec offers a professional development center to enhance the skills and knowledge of its members, fostering a robust startup ecosystem in Canada.
Made 132 investments in Quebec

Real Ventures

Real Ventures is a Montreal-based venture capital firm established in 2007, specializing in early-stage investments across various sectors, including internet software, agtech, fintech, and health technology. The firm primarily focuses on seed stage, incubation, and growth capital investments, typically committing between $0.25 million and $1.15 million per investment, while aiming for a minimum 5% equity stake in its portfolio companies. Real Ventures prioritizes investments in Quebec-based companies but also extends its reach to other regions in Canada, particularly the Toronto-Waterloo corridor. In addition to providing financial support, the firm is dedicated to fostering the development of tech ecosystems by connecting entrepreneurs with local and national resources, thereby enhancing the growth potential of the companies it backs.
Made 158 investments in Quebec

FounderFuel

FounderFuel is a mentor-driven venture accelerator based in Montreal, Canada, founded in 2011 by Real Ventures. The organization offers a three-month intensive program designed to support new startups in advancing along the venture path. During this program, participants benefit from the guidance of a network comprising veteran entrepreneurs, operators, and executives, which helps them refine their business visions, expand their professional networks, and accelerate their development. FounderFuel primarily focuses on seed funding opportunities, particularly in the technology sector, with a keen interest in startups leveraging artificial intelligence and machine learning.
Made 58 investments in Quebec

Export Development Canada

Export Development Canada (EDC) is an export credit agency established in 1944 and headquartered in Ottawa, Ontario. The organization is dedicated to supporting and enhancing Canada's export trade by facilitating international business opportunities for Canadian companies, both large and small. EDC offers a range of financial services, including trade financing, export credit insurance, and secured loans, specifically designed to assist Canadian exporters, investors, and their international buyers. Additionally, EDC engages in private equity and venture capital investments, further contributing to the growth and competitiveness of Canadian businesses in the global market.
Made 24 investments in Quebec

Desjardins Capital

Desjardins Capital is the private equity and venture capital arm of Mouvement des caisses Desjardins, established in 1974 and headquartered in Québec, Canada. The firm focuses on investing in a variety of sectors, including healthcare, agricultural services, manufacturing, and technology. It specializes in providing capital for growth, acquisitions, and modernization of businesses, primarily in the form of equity and mezzanine financing. Desjardins Capital targets investments in companies with proprietary intellectual property and a strong development strategy, particularly in life sciences and biotechnology. Its investment range typically spans from $0.09 million to $24.22 million in equity and from $0.09 million to $484 million in debt, with a preference for supporting small and medium-sized enterprises throughout Québec. The firm aims to foster development in various regions, particularly in Greater Montreal, while maintaining a focus on cooperatives, excluding those in natural resource exploration and financial services. Desjardins Capital also offers tailored financing solutions to worker shareholder cooperatives and cooperative networks, emphasizing long-term growth and sustainability.
Made 7 investments in Quebec

TandemLaunch

TandemLaunch is an accelerator based in Montreal, Canada, founded in 2010. It specializes in scouting, accelerating, and commercializing early-stage technologies from leading universities, collaborating closely with major consumer electronics brands. The organization works with innovative entrepreneurs and technologists to transform initial concepts into high-quality startup ventures. Its incubation program offers mentorship, engineering and business resources, and seed financing of up to $800,000. Graduates of the program can access additional funding through TandemLaunch Ventures, which focuses on investing in early-stage technology companies, particularly within the information technology sector, and aims to support around 20 companies.
Made 85 investments in Quebec

National Bank of Canada

National Bank of Canada, founded in 1859 and headquartered in Montreal, provides a wide array of financial products and services to retail, commercial, corporate, and institutional clients both in Canada and internationally. The bank operates through four main segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment includes personal banking services, mortgage loans, consumer loans, insurance products, and commercial banking solutions. Wealth Management offers investment, trust, and estate services, as well as various banking and lending solutions. The Financial Markets segment provides risk management products, debt and equity underwriting, and advisory services. The U.S. Specialty Finance and International segment specializes in providing financial products and services in emerging markets, including Cambodia. The bank also offers credit cards and operates a network of 483 branches and 1,573 banking machines, emphasizing client satisfaction and community development throughout its operations.
Made 28 investments in Quebec

Business Development Bank of Canada

The Business Development Bank of Canada (BDC) is a government-owned financial institution established in 1944, headquartered in Montreal. It aims to foster economic growth and job creation by providing financial products and services primarily to small and medium-sized enterprises (SMEs) across Canada. BDC offers a range of services, including business loans, subordinate financing, venture capital, and consulting support in areas such as strategic planning and human resource management. The bank serves various industries, including aerospace, automotive, construction, food and beverage, manufacturing, mining, oil and gas, technology, and tourism. With a network of over 100 offices, BDC operates in both official languages, ensuring access to its services for a diverse clientele nationwide.
Made 62 investments in Quebec

Cycle Momentum

Founded in 2014, Cycle Momentum is an accelerator firm based in Montreal, Canada. The firm prefers to invest in seed-stage, early-stage, and later-stage companies operating in B2B, commercial transportation, energy, and cleantech sectors.

iNovia Capital

Inovia Capital is a venture capital firm based in Montreal, Canada, founded in 2007. The firm specializes in early-stage investments across various sectors, including software, healthcare, digital media, e-commerce, and telecommunications. Inovia focuses on both business-to-business and business-to-consumer companies, particularly in areas such as software-as-a-service, digital health, and enterprise platforms. With over $1 billion in assets across early and growth stage funds, Inovia provides not only capital but also coaching and access to talent, aiming to support passionate tech founders with global ambitions. The firm invests primarily in North America and Europe, targeting companies that have the potential to transform complex industries like financial services, healthcare, and transportation.
Made 66 investments in Quebec

Sustainable Development Technology Canada

Sustainable Development Technology Canada (SDTC) is a venture capital investment firm based in Ottawa, established in 2001. The organization focuses on funding and supporting Canadian cleantech projects, helping companies advance innovative technologies to market. SDTC's investments span various sectors, including agriculture, energy efficiency, green buildings, transportation, and waste management. By fostering the growth of these companies, SDTC aims to create jobs, stimulate economic growth, and generate export opportunities while delivering environmental and health benefits to Canadians. Operating independently, SDTC collaborates with a diverse network of partners from private industry, academia, and government, both domestically and internationally, to enhance the impact of its initiatives. The organization receives funding from the Government of Canada to further its mission.
Made 59 investments in Quebec

Cycle Capital

Cycle Capital Management Inc. is a venture capital firm based in Montréal, Canada, established in 2009. The firm specializes in late-stage venture and growth capital investments, primarily targeting companies engaged in clean technology and renewable energy. Its investment focus includes sectors such as biomass, green transportation, energy efficiency, smart grid technologies, and sustainable agriculture. Cycle Capital aims to support ventures that possess strong intellectual property and innovative technologies, particularly those addressing global challenges like climate change. The firm typically invests between CAD $0.1 million and CAD $8 million, often taking minority stakes in companies with revenues up to CAD $1 million. With an emphasis on high-growth potential, Cycle Capital leverages its extensive network of investors and strategic partners to enhance the value of its portfolio companies. The firm usually holds its investments for a period of five to seven years, with a strong preference for opportunities in North America and China, particularly in the Québec region.
Made 39 investments in Quebec

Creative Destruction Lab

The Creative Destruction Lab (CDL) is a seed-stage acceleration program founded in 2012 at the Rotman School of Management in Toronto, Canada. It is dedicated to supporting massively scalable, science- and technology-based ventures by providing a unique coaching process focused on specific objectives. CDL connects startups with experienced entrepreneurs and leading scientists across various sectors, including artificial intelligence, healthcare, quantum computing, blockchain, energy, and cleantech. The program has expanded its reach, operating in six cities: Vancouver, Calgary, Toronto, Montreal, Halifax, and New York City, and emphasizes the commercialization of scientific and technological advancements.
Made 55 investments in Quebec

Panache Ventures

Panache Ventures is a venture capital firm established in 2018 and headquartered in Montréal, Canada, with additional offices in Calgary, Vancouver, Toronto, and San Francisco. The firm specializes in pre-seed and seed-stage investments, focusing on sectors that leverage Canada's strengths, including artificial intelligence, fintech, digital health, enterprise software, and blockchain technology. Panache Ventures aims to support innovative startups across various industries such as cybersecurity, e-commerce, healthcare, and virtual reality, primarily within Canada. The firm typically makes initial investments of up to USD 1 million in early-stage companies, helping them navigate the challenges of growth and development.
Made 27 investments in Quebec

Novacap

Novacap Investments, Inc. is a private equity and venture capital firm based in Montreal, Canada, with additional offices in Toronto and Brossard. Founded in 1981, the firm specializes in investing in mid-market companies across various sectors, including technology, media, telecommunications, software, consumer products, and healthcare. Novacap typically targets companies with revenues between $10 million and $300 million, an enterprise value between $50 million and $350 million, and a minimum EBITDA of $3 million. The firm prefers to take majority stakes and invests between $15.81 million and $150 million in each company. With $2.8 billion in assets under management, Novacap employs a unique investment approach that leverages deep operational expertise and active partnerships with entrepreneurs to foster growth and create long-term value. Its primary focus is on opportunities within North America, particularly in Quebec.
Made 44 investments in Quebec

Sidex

Founded in 2001, Sidex is a government investment firm based in Montreal, Canada. The firm seeks to invest in companies focused on the mineral exploration sector.
Made 35 investments in Quebec

Boreal Ventures

Boreal Ventures is a venture capital firm established in 2021 and located in Montreal, Canada. The firm focuses on investing in deep tech companies, particularly those emerging from Centech and the broader Quebec ecosystem. Its investment portfolio spans various sectors, including medical technology, health technology, artificial intelligence, semiconductors, cleantech, water technology, Industry 4.0, the Internet of Things, and connected objects. By targeting these innovative fields, Boreal Ventures aims to support the growth of pioneering companies that possess the potential to drive significant advancements in technology and improve various industries.
Made 2 investments in Quebec

White Star Capital

White Star Capital is a global venture capital firm founded in 2007, with a focus on early-stage investments in technology companies across North America, Europe, and Asia. Based in New York, with additional offices in London, Montreal, Toronto, Paris, Tokyo, and Hong Kong, the firm invests in sectors including commerce, digital health, software as a service, fintech, and artificial intelligence. White Star Capital aims to support exceptional entrepreneurs by leveraging its extensive experience and networks, facilitating the international scaling of their businesses from Series A onwards. Through close partnerships with founders, the firm helps navigate challenges and seize growth opportunities in the rapidly evolving tech landscape.
Made 23 investments in Quebec

Front Row Ventures

Front Row Ventures is a Montreal-based venture capital firm established in 2016, focusing on student-led startups primarily within Canada. As a prominent university-focused and student-operated VC firm, it has a presence on over 20 university campuses across the country. Front Row Ventures aims to empower students during their university years, recognizing this period as a unique opportunity for entrepreneurial ventures. The firm typically invests up to $25,000 in technology sector companies, fostering a culture of startups and venture capital among students. By engaging with the vibrant technology ecosystem in Montreal, Front Row Ventures seeks to inspire and support students in launching innovative businesses that have the potential to make a significant impact.
Made 16 investments in Quebec

Scotiabank

Scotiabank, founded in 1832 and headquartered in Toronto, Canada, is a leading financial institution that serves approximately 21 million customers in over 55 countries. The bank offers a comprehensive range of banking products and services, including personal and commercial banking, investment banking, wealth management, and insurance. Its private equity arm focuses on middle-market investments, specializing in sectors such as healthcare, technology, and consumer products. Scotiabank typically invests between $5 million and $25 million in companies, seeking both minority and majority ownership stakes. With a commitment to managing risk and capital effectively, Scotiabank aims to support individuals, businesses, and communities in achieving financial success. The organization employs over 86,000 people dedicated to understanding customer needs and delivering tailored financial solutions.
Made 6 investments in Quebec

Diagram Ventures

Diagram is a Montreal-based venture launchpad established in 2016, focusing on creating the next generation of companies primarily in the financial technology, insurance, and healthcare sectors. By assembling teams of experienced founders with ambitious ideas, Diagram provides these teams with essential resources, including capital, expertise, and infrastructure, to foster innovation. The firm specializes in early-stage investments and is particularly interested in fintech, Web3, AI, and climate-related ventures, targeting opportunities in both Canada and the United States. Through its strategic approach, Diagram aims to promote wellness and drive advancements in the financial and insurance industries.
Made 11 investments in Quebec

Brightspark Ventures

Brightspark Ventures is a Toronto-based venture capital firm established in 1999 that specializes in early-stage investments in Canadian technology companies. With over two decades of experience in the venture capital industry, Brightspark focuses on identifying exceptional startups across various sectors, including information technology, fintech, artificial intelligence, materials, and resources. The firm aims to support these companies as they grow, providing not only capital but also strategic guidance to help them achieve significant returns. Brightspark's investment model allows individual accredited investors to participate alongside the firm, aligning their interests with those of the startups. This approach fosters a supportive network for portfolio companies, enabling them to concentrate on their growth without the distractions of managing multiple investors. Through its targeted investment strategy, Brightspark attracts some of the most promising companies in Canada.
Made 17 investments in Quebec

RBC

Royal Bank of Canada is a global financial institution headquartered in Toronto, Canada, offering a comprehensive range of services including personal and commercial banking, insurance, wealth management, and capital markets. Its Personal & Commercial Banking segment provides various financial products such as checking and savings accounts, personal loans, and payment solutions. The Wealth Management segment delivers tailored advice and strategies to high net worth individuals and institutional clients. The bank's Insurance segment offers life, health, and property insurance solutions. RBC Capital Markets serves as the bank's investment and corporate banking arm, providing advisory and financing services to corporations, institutional investors, and governments across multiple sectors, including technology, healthcare, and manufacturing. Additionally, RBC Capital Partners focuses on private equity and venture capital investments, targeting early to late-stage companies across diverse industries. Established in 1864, RBC has built a strong reputation and is recognized for its high credit ratings and extensive global reach.
Made 16 investments in Quebec

Bank of Montreal

Established in 1817 as Bank of Montreal, BMO Financial Group (TSX, NYSE: BMO) is a highly diversified financial services organization. With total assets of $367 billion as of October 31, 2007 and almost 36,000 employees, BMO provides a broad range of retail banking, wealth management and investment banking products and solutions. They serve Canadian clients through BMO Bank of Montreal®, their personal and commercial banking business, BMO Nesbitt Burns®, one of Canada's leading wealth management firms, and BMO Capital Markets™, their North American investment and corporate banking division. In the United States, clients are served through Harris, a major U.S. Midwest financial services organization with a network of community banks in the Chicago area and wealth management offices across the United States, as well as BMO Capital Markets™, their North American investment and corporate banking division. They help their customers manage their financial affairs by delivering the broadest range of financial services through a single point of contact. Their financial service professionals provide access to any services their customers require across the entire enterprise.
Made 9 investments in Quebec

Osisko Gold Royalties

Osisko Gold Royalties is an intermediate precious metal royalty company based in Canada, specializing in acquiring and managing a diverse portfolio of over 130 royalties, streams, and precious metal offtakes, primarily in North America. Its operations are significantly 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 investments in various publicly traded resource companies, including interests in Barkerville Gold Mines, Osisko Mining, and Falco Resources. The company is also involved in the exploration, evaluation, and development of mining projects, focusing on maximizing income from its royalties and stream agreements while actively seeking new opportunities in the mining sector.
Made 7 investments in Quebec

BoxOne Ventures

BoxOne Ventures is a venture capital firm based in Montreal, Canada, founded in 2018. The firm focuses on investing in a diverse range of sectors, including biotechnology, bioengineering, computational biology, life sciences, deep technology, e-commerce, food technology, finance technology, agriculture technology, healthcare, engineering, data analytics, artificial intelligence, and machine learning. Through its investments, BoxOne Ventures aims to support innovative companies that are poised for growth and advancement in these key industries.
Made 11 investments in Quebec

W Investments

W Investments Group is a private equity firm based in Saint-Lambert, Canada, founded in 2019. The firm specializes in investments in technology, media, and industrial sectors, targeting profitable companies with a proven track record and strong growth potential. W Investments aims to enhance the capabilities of the organizations in which it invests by working closely with them to reinforce their strengths and maximize efficiency, all while maintaining their existing business models and key personnel. Additionally, the firm is involved in real estate investments, focusing on residential, commercial, and industrial projects. Through its entrepreneurial approach, W Investments promotes talent and drives positive change, ensuring added value and expansion for its portfolio companies.
Made 16 investments in Quebec

Framework Venture Partners

Framework Venture Partners is a venture capital firm based in Toronto, Canada, founded in 2018 by Andrew Lugsdin and Peter Misek. The firm focuses on investing in sectors such as software, financial services, fintech, and artificial intelligence. It employs a data-driven investment decision process paired with a collaborative engagement model to support founding teams and CEOs in building and scaling high-growth companies. By leveraging this approach, Framework Venture Partners aims to assist entrepreneurs in navigating the complexities of their respective markets and achieving long-term success.
Made 4 investments in Quebec

NAventures

NAventures is the corporate venture capital arm of National Bank of Canada.
Made 6 investments in Quebec

MacKinnon, Bennett & Company

MacKinnon, Bennett & Company is a Montreal-based merchant bank established in 2007 that specializes in sourcing, structuring, and managing private investments in various sectors, primarily focusing on renewable energy and urban infrastructure services. The firm targets investments in clean energy, intelligent transportation, LED lighting, and energy storage, aiming to achieve attractive risk-adjusted returns. MacKinnon, Bennett & Company serves a diverse clientele, including high net worth individuals, family offices, corporate clients, and institutional investors, leveraging its expertise to identify and capitalize on growth opportunities in these emerging markets.
Made 2 investments in Quebec

Telus

TELUS Corporation is a leading telecommunications provider in Canada, offering a comprehensive range of services through its Wireless and Wireline segments. The company provides wireless and wireline voice and data services, high-speed internet, television, and home phone services. Additionally, TELUS delivers cloud-based solutions, managed IT services, and smart security offerings for homes and businesses. Beyond telecommunications, TELUS has diversified into healthcare with solutions such as telehomecare and electronic medical records, as well as providing innovative technology for the agriculture sector. With a significant presence in British Columbia and Alberta, TELUS serves over 15 million customer connections and has expanded its revenue streams through investments in non-telecom sectors, including health, security, and international business services. The company's venture capital arm actively invests in innovative startups across various industries, aiming to enhance its technological capabilities and foster economic growth. Founded in 1993 and headquartered in Vancouver, TELUS continues to leverage technology to benefit communities and improve customer experiences.
Made 10 investments in Quebec

GeneChem

GeneChem is a Montreal-based private equity and venture capital firm established in 1997. The firm specializes in investing in early-stage biotechnology companies primarily in the United States, Canada, and Europe. Its focus is on sectors related to drug discovery and development, including pharmaceuticals, biotechnology, genomics, proteomics, and gene therapy. GeneChem aims to support companies developing therapeutics for proliferative disorders such as cancer, infectious diseases, inflammation, and diabetes. The firm employs a unique business model that finances research-stage projects to help them achieve pre-clinical proof-of-concept, positioning itself as a lead investor when possible. Through its investments, GeneChem seeks to enhance the commercial potential of innovative life science projects, particularly those originating from academic research in Quebec.
Made 7 investments in Quebec

Amplitude Ventures

Amplitude Ventures is a venture capital firm based in Montreal, Canada, specializing in early-stage investments within the biotechnology and healthcare sectors. Founded in 2018, the firm focuses on supporting emerging Canadian companies, leveraging a growth model that has proven effective in developing world-class management teams and scaling businesses to achieve significant growth. Amplitude Ventures has raised over $700 million in equity capital since its inception and launched its first private capital fund in November 2019, targeting precision medicine companies. The firm operates additional offices in Toronto and Vancouver, and its latest fund, established in 2023, aims to invest in various sectors, including diagnostic equipment, therapeutic devices, drug delivery, and biotechnology, across Canada, the United States, and Europe.
Made 7 investments in Quebec

Telegraph Hill Capital

Telegraph Hill Capital, founded in 2007 and based in Barcelona, Spain, is a venture capital firm that focuses on seed-stage and early-stage investments. The firm targets a diverse range of sectors, including business products, business services, consumer products, consumer services, and information technology, primarily in the United States and Europe. In addition to its early-stage investments, the firm manages a later-stage venture capital fund, Telegraph Hill Capital Growth Opportunities, established in 2022. This fund expands its investment reach to include sectors such as healthcare, financial services, energy, materials and resources, as well as consumer products and services. Through its strategic investments, Telegraph Hill Capital aims to foster growth and innovation in various industries across the Americas and Europe.
Made 12 investments in Quebec

Walter Capital Partners

Walter Capital Partners is a private equity investment firm based in Montreal, Canada, founded in 2015. As part of the Walter Group, the firm specializes in investing capital and expertise in established small and medium-sized businesses to stimulate their growth. By leveraging the entrepreneurial values inherent to the Walter Group and the extensive business leadership experience of its Managing Partners, Walter Capital aims to provide comprehensive solutions that extend beyond mere financial transactions. The firm boasts a robust international network, enhancing its ability to support and develop its portfolio companies effectively.
Made 10 investments in Quebec

Sherbrooke Innopole

Sherbrooke Innopole is the economic development organization for the City of Sherbrooke, Canada, dedicated to supporting the industrial and technology sectors. It offers free assistance to entrepreneurs, helping them navigate the challenges of starting and growing their businesses. In addition to providing resources for early and growth-stage companies, Sherbrooke Innopole focuses on various industries, including medical devices, optics and electronics, advanced manufacturing, cleantech, life sciences, and information technology. The organization also plays a role in incubating startups, fostering innovation and economic growth within the region.
Made 9 investments in Quebec

BTB

BTB is a real estate investment trust that owns and manages properties throughout Canada. The company aims to provide stable monthly cash distributions to its unitholders by acquiring properties characterized by high occupancy rates and quality tenants. BTB operates in three segments: Industrial, Off-downtown core office, and Necessity-based retail. The Off-downtown core office segment is the primary source of revenue, primarily generating income through rental agreements.

Industrial Alliance Insurance and Financial Services

Industrial Alliance Insurance and Financial Services, founded in 1892, is a prominent Canadian insurance company that provides a wide array of financial products and services. These offerings include life and health insurance, savings and retirement plans, mutual and segregated funds, auto and home insurance, as well as mortgages and car loans. The company manages over $126 billion in assets and operates across various segments, including Insurance Canada, Individual Wealth Management, Investment, Corporate, and U.S. Operations. With a focus on conservative investment strategies and robust risk management, Industrial Alliance maintains financial stability, allowing it to adapt to changing economic conditions while delivering value to its clients in Canada and the United States.
Made 4 investments in Quebec

Innostart Capital

Innostart Capital is a venture capital firm established in 2016 and based in Montreal, Canada. It specializes in early-stage investments, targeting small to medium-sized businesses. As a family office, Innostart Capital focuses on nurturing innovative companies, providing them with the necessary support and capital to facilitate growth and development in their respective markets.
Made 12 investments in Quebec

Luge Capital

Luge Capital is a venture capital firm established in 2018 and headquartered in Montreal, Canada, with an additional office in Ontario. The firm specializes in early-stage investments, primarily focusing on the fintech sector and the application of artificial intelligence in financial services. Luge Capital targets companies in North America, particularly Canada and the United States, and typically invests between CAD 0.15 million and CAD 2 million. The firm seeks to partner with talented founders who are dedicated to improving customer experiences, enhancing operational efficiency for financial institutions, and utilizing data-driven decision-making. By leveraging its extensive network and industry insights, Luge Capital aims to support entrepreneurs in building successful, world-class companies.
Made 7 investments in Quebec

BMO Financial Group

BMO Financial Group, established in 1817 and headquartered in Toronto, Ontario, is a prominent commercial banking institution offering a diverse range of financial services. It operates through three main segments: personal and commercial banking, wealth management, and BMO Capital Markets. The latter serves corporate, institutional, and government clients with a comprehensive suite of investment and corporate banking services, including equity and debt underwriting, corporate lending, project financing, mergers and acquisitions advisory, and treasury management. BMO Capital Markets has a global presence with approximately 2,300 professionals across 30 locations, focusing on various industries such as aerospace, healthcare, and energy. The group caters to Canadian clients through BMO Bank of Montreal and to U.S. clients via BMO Harris Bank, while also extending its services to markets in the United Kingdom, Europe, Australia, Asia, and South America. With total assets of 529 billion U.S. dollars and a workforce of over 47,000 employees, BMO Financial Group stands as one of North America's largest diversified financial services providers.
Made 10 investments in Quebec

Accelia Capital

Accelia Capital is a Montreal-based venture capital firm established in 2021 that focuses on investing in innovative early-stage technology companies. The firm prioritizes diversity and aims to support businesses owned or led by women, reflecting a commitment to fostering gender equity in the entrepreneurial landscape. Accelia Capital targets promising start-ups that have successfully developed a product or service and achieved some market validation. Portfolio companies benefit from the expertise and networks of experienced female investors, enhancing their growth potential and market reach. Through its investments, the firm seeks to create a positive impact while delivering strong performance.

Fiera Private Debt

Fiera Private Debt, established in 2018 as a subsidiary of Fiera Capital Corporation, is a private debt platform that specializes in providing financing solutions to mid-market businesses and real estate developers in Canada. The firm manages multiple funds, including Fiera Private Debt Fund III and Fund V, which focus on various types of debt financing, such as long-term corporate and infrastructure debt, medium-term opportunistic debt, and short-term interim bridge financing. With offices in Toronto, Montreal, and New York, Fiera Private Debt aims to serve institutional investors by leveraging its fund management expertise to facilitate investments with a minimum commitment of CAD 5 million.
Made 1 investments in Quebec

Rho Ventures

Rho Ventures, founded in 1981 and based in New York, is a principal investment firm that focuses on venture capital investments across various sectors, including software, digital media, healthcare, and emerging technologies. The firm engages in direct investments at different stages, including seed, early, and growth capital, and prefers to invest between $5 million and $15 million. Rho Ventures aims to identify innovative companies that challenge conventional business models and take advantage of unique market opportunities. Through its division, Rho Canada Ventures, the firm also targets early-stage technology companies in Canada, leveraging a team with extensive entrepreneurial and operational expertise. Rho Ventures emphasizes a flexible investment philosophy, seeking both minority and majority stakes, and maintains a global investment approach, with particular interest in Canada and North America. The firm has backed over 200 companies, providing not only capital but also deep sector knowledge to foster the growth of its portfolio companies.
Made 21 investments in Quebec

Laurentian Bank Securities

Laurentian Bank Securities is an integrated full-service investment dealer based in Montreal, Canada, established in 1991. The firm operates across six business lines, including a respected institutional fixed income division that focuses on government and corporate underwritings as well as secondary markets. Its institutional equity division specializes in research, trading, and investment banking targeted at small capitalization companies. Additionally, the retail and discount brokerage divisions serve clients through 13 offices in Québec, while the firm acts as a carrying broker, providing comprehensive back-office support to various customers. Laurentian Bank Securities also offers an Immigrant Investors program and provides a range of investment banking services, including mergers and acquisitions, public offerings, and private placements, catering to diverse industries such as agriculture, natural resources, infrastructure, transportation, and technology. The firm emphasizes expertise and innovation to deliver added value in both the institutional and retail markets.
Made 9 investments in Quebec