Investissement Quebec

Investissement Québec is a Canadian financial institution established in 1998, dedicated to supporting the growth of small and medium-sized enterprises (SMEs) as well as large companies in the province of Québec. The organization offers a variety of financing solutions and consulting services to assist businesses in their expansion projects. By combining the strengths of financial institutions and economic development agencies, Investissement Québec aims to facilitate the establishment and growth of companies within the region. The institution plays a crucial role in providing financial assistance and guidance to corporations looking to invest in Québec, thereby contributing to the local economy.

Pierre Gabriel Côté

President and CEO

Guy LeBlanc

CEO

Past deals in Montreal

Nouveau Monde Graphite

Post in 2024
Nouveau Monde Graphite Inc. is a mineral exploration and development company based in Saint-Michel-des-Saints, Quebec, Canada. Founded in 2011, the company focuses on acquiring and evaluating mineral properties, primarily targeting graphite. It holds a 100% interest in the Matawinie property, which comprises 319 mining claims covering 17,585 hectares north of Montreal. Nouveau Monde is committed to operating under high environmental standards in Quebec, a region known for its mining-friendly policies. The company is developing a natural graphite-based anode material that meets battery-grade specifications to serve the growing North American lithium-ion battery market. Its operations encompass the Matawinie Mine Project and the Battery Material Plant project, emphasizing the production of graphite with a low environmental footprint to support local battery manufacturers.

Theratechnologies

Post in 2024
Theratechnologies Inc., a biopharmaceutical company, engages in the discovery of therapeutic products for commercialization. The company's proprietary technologies include Long Acting Peptides, a peptide stabilization technology that increases the target protein's resistance to enzymatic degradation. Its lead product is tesamorelin, which completed its phase III clinical trial for the treatment of HIV-associated lipodystrophy and is in phase II clinical trials for the treatment of mild cognitive impairment and growth hormone deficient abdominal obesity. The company also develops Acute kidney injury, a preclinical stage product. It has a license agreement with PDC Biotech GmbH to use the antagonists of the prostaglandin F2a receptor in pre-term labor and primary dysmenorrheal; and OctoPlus N.V. to develop and commercialize GLP-1 portfolio of analogues. The company also has a collaboration and licensing agreement with EMD Serono, Inc. for the treatment of excess abdominal fat in HIV-infected patients with lipodystrophy. The company was founded in 1993 and is headquartered in Montreal, Canada.

Epitopea

Seed Round in 2024
Epitopea is a biotechnology company focused on developing innovative immunotherapies for cancer treatment by targeting a new class of tumor-specific antigens. The company employs a proprietary approach that combines immunopeptidomics, mass spectrometry, genomics, and bioinformatics to identify conserved, aberrantly expressed tumor-specific antigens hidden within cancer's non-coding DNA. This technology aims to create therapies that effectively eliminate malignant cells while minimizing damage to healthy tissue, thereby reducing side effects and providing lasting benefits for patients. Research conducted by Drs. Claude Perreault and Pierre Thibault at the Institute for Research in Immunology and Cancer at Université de Montréal has been instrumental in the discovery of these novel antigens, known as Cryptigen™ TSAs, which are shared among patients with the same cancer type.

Cycle Momentum

Grant in 2023
Cycle Momentum is a Montreal-based accelerator established in 2014 that focuses on supporting cleantech startups. It is dedicated to working with entrepreneurs who develop and commercialize innovative clean technologies, aiming to cultivate globally competitive companies. The accelerator provides a tailored program that includes training workshops, networking opportunities, and access to experienced mentors. Additionally, Cycle Momentum connects these startups with investors to enhance their growth potential. By concentrating on seed-stage, early-stage, and later-stage companies, particularly in B2B, commercial transportation, energy, and cleantech sectors, Cycle Momentum plays a crucial role in fostering the development of promising Canadian ventures in the clean technology arena.

Local Logic

Series B in 2023
Local Logic is a location intelligence platform based in Montreal, Quebec, that specializes in digitizing the built environment to provide actionable insights for consumers, investors, developers, and governments. By leveraging artificial intelligence and geospatial data, the platform quantifies lifestyle and location characteristics, offering predictive analytics that inform decision-making in the real estate sector. With access to over 75 billion data points, Local Logic supports clients in the $217 trillion real estate market across the US and Canada, providing tools for urban planning and project strategy. The company collaborates with various stakeholders, including commercial real estate, travel, and media firms, to enhance the planning and development of sustainable and equitable urban spaces.

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.

FemTherapeutics

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.

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.

NorthStar Earth & Space

Series C in 2023
NorthStar Earth & Space Inc. offers a comprehensive environmental information platform that leverages satellite-based data analytics to deliver precise earth observation and space object tracking services. Founded in 2015 and based in Montreal, Canada, the company provides critical insights across various sectors, including forestry, agriculture, energy, water management, urban planning, and space monitoring. Their services encompass forest preservation and monitoring, crop management, natural resource exploration, and water security. Additionally, NorthStar specializes in space object tracking, which includes monitoring, identifying, and cataloging numerous space objects to facilitate collision warnings and mitigate risks. The company’s innovative platform aims to support sustainable development and enhance decision-making for the effective management of Earth's resources.

Prompt

Grant in 2022
Prompt is a non-profit organization based in Montreal, Canada, dedicated to enhancing research and development capabilities within the information and communications technology (ICT) sector. By facilitating business alliances, Prompt supports Quebec-based companies and institutional projects through its AI innovations grant program. The organization funds a wide range of initiatives in both software and hardware development, focusing on areas such as cybersecurity, optics-photonics and microelectronics, wireless technologies, artificial intelligence, big data, the Internet of Things (IoT), intelligent transportation, immersive technologies and virtual reality, as well as media technologies. Through these efforts, Prompt aims to foster innovation and collaboration in the ICT market.

FTEX

Seed Round in 2022
FTEX is a Montreal-based start-up focused on developing advanced smart connected drive systems specifically for light electric vehicles. The company designs and produces the electronics, software, and applications that manage vehicle motors, all of which are interconnected in real-time through a cellular network to FTEX’s cloud platform. This system offers users a range of functionalities via the mobile EVionics operating system, including location tracking, usage monitoring, diagnostics, remote locking, collision detection, service alerts, and theft insurance. FTEX aims to promote the adoption of personal electric vehicles by providing innovative motor controllers that improve performance, extend range, and enhance the overall user experience through the application of cutting-edge technology and standards.

FemTherapeutics

Grant in 2022
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 provides businesses with valuable data regarding consumer preferences and purchasing habits. Founded in 2014 and headquartered in Montreal, Canada, with additional offices in Toronto, Paris, and Geneva, Potloc utilizes innovative surveying methods, including web panels, phone surveys, and geo-targeted surveys through social media, to gather authentic feedback from a diverse audience. This platform enables clients to connect effectively with their target markets and enhance their local business strategies. Trusted by numerous leading brands, consulting firms, and investment funds, Potloc has established itself as a standard in market research by delivering high-quality insights with precision. The company's approach ensures that businesses receive relevant and accurate data tailored to their unique needs, facilitating better decision-making and consumer engagement.

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.

Prehos

Seed Round in 2022
Prehos is a Canadian company based in Quebec City, with an office in Montreal, founded in 2015. Initially a project of Chalifour Digital Solutions, Prehos became a distinct entity focused on enhancing prehospital care. The company develops a medical fleet management platform that optimizes various tasks in the prehospital care chain. This platform features cartography, real-time traffic conditions, and emergency department status, which collectively assist paramedics, ambulance services, and health agencies in improving their efficiency and effectiveness. Prehos employs a diverse team, including professionals in development, quality assurance, customer support, and data science, with several members bringing firsthand experience as paramedics. The company's mission is to enhance patient care through innovative technological solutions tailored for paramedical and extrahospital services.

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.

Booxi

Seed Round in 2021
Booxi is a retail-tech company based in Montreal, Quebec, that specializes in an appointment booking platform tailored for retailers. The platform includes a range of features designed to enhance business management, such as Customer Relationship Management (CRM), appointment scheduling, online payment processing, and staff calendar management. By integrating these functionalities, Booxi aims to improve customer experience and streamline operational processes associated with event and appointment management, making it easier for retailers to manage their appointments effectively.

Zetane

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.

Breathe Life

Series A in 2020
Breathe Life Inc. is a Montreal-based company that designs and develops a software platform specifically for the life insurance industry. Founded in 2017, it offers an enterprise Software-as-a-Service (SaaS) solution that facilitates the digital distribution of life and health insurance policies, eliminating the need for traditional brokers. The platform features a streamlined, single-session quote creation and application process, allowing consumers to independently explore financial products, identify their needs, and complete purchases online. By providing an end-to-end system, Breathe Life enhances the speed of policy delivery and helps insurers reduce operational costs, thereby improving overall efficiency in the distribution of financial security products.

Nesto

Series A in 2020
Nesto Inc. is a Montreal-based mortgage broker established in 2017. The company specializes in providing financial and mortgage advice, focusing on various aspects of property-related lending, such as help to buy, buy-to-let, and affordable housing schemes. Nesto aims to create a positive and transparent property financing experience by leveraging advanced technology to screen the entire market for the most affordable mortgage options. Its platform utilizes artificial intelligence to identify relevant mortgage products quickly. Additionally, Nesto's commission-free experts offer unbiased support throughout the financing process, helping clients make informed decisions regarding their property investments.

Hopper

Venture Round in 2020
Hopper Inc. is a travel technology company that operates a mobile application designed to enhance the travel planning experience. Founded in 2007 and headquartered in Montreal, Canada, with additional offices in the United States and Bulgaria, Hopper utilizes big data and predictive analytics to analyze and forecast airfares and accommodations. The application provides users with travel recommendations and alerts them when flight and hotel prices reach their predicted lowest points, enabling travelers to secure the best deals. By leveraging historical travel data, Hopper aims to simplify the booking process and help users save money while planning their trips.

Nouveau Monde Graphite

Debt Financing in 2020
Nouveau Monde Graphite Inc. is a mineral exploration and development company based in Saint-Michel-des-Saints, Quebec, Canada. Founded in 2011, the company focuses on acquiring and evaluating mineral properties, primarily targeting graphite. It holds a 100% interest in the Matawinie property, which comprises 319 mining claims covering 17,585 hectares north of Montreal. Nouveau Monde is committed to operating under high environmental standards in Quebec, a region known for its mining-friendly policies. The company is developing a natural graphite-based anode material that meets battery-grade specifications to serve the growing North American lithium-ion battery market. Its operations encompass the Matawinie Mine Project and the Battery Material Plant project, emphasizing the production of graphite with a low environmental footprint to support local battery manufacturers.

Stradigi AI

Series A in 2019
Stradigi AI Inc., established in 2005 and based in Montreal, Canada, specializes in developing an artificial intelligence software-as-a-service (SaaS) platform. This platform, known as Kepler AI, empowers businesses to leverage AI capabilities for data-driven decision-making across various functions. By utilizing advanced artificial intelligence, machine learning, and deep learning technologies, Stradigi AI enables organizations to access automated workflows that streamline the deployment of AI solutions. The platform aims to accelerate the project lifecycle, allowing companies to derive valuable insights from their data, enhance customer experiences, increase revenue, and improve operational efficiency. Stradigi AI's services are designed to make AI accessible to users, regardless of their technical expertise, fostering a transformative impact on business performance.

Pit Caribou

Venture Round in 2019
Pit Caribou is a microbrewery founded in 2007, located in L'Anse à Beaufils on the Gaspé Peninsula in Quebec. The brewery focuses on crafting quality beers that reflect the resources of the Gaspé region. It offers a diverse selection of wheat and red beers in various flavors, catering to a wide range of customer preferences. In addition to its production facilities, Pit Caribou operates pubs in both Percé and Montreal, providing venues for patrons to enjoy their products. The establishment includes a shop for purchasing bottled beers and a patio that allows visitors to savor their brews by the sea. The company currently employs 37 people, contributing to the local economy and community.

Potloc

Series A in 2019
Potloc Inc. operates an online consumer insights platform that provides businesses with valuable data regarding consumer preferences and purchasing habits. Founded in 2014 and headquartered in Montreal, Canada, with additional offices in Toronto, Paris, and Geneva, Potloc utilizes innovative surveying methods, including web panels, phone surveys, and geo-targeted surveys through social media, to gather authentic feedback from a diverse audience. This platform enables clients to connect effectively with their target markets and enhance their local business strategies. Trusted by numerous leading brands, consulting firms, and investment funds, Potloc has established itself as a standard in market research by delivering high-quality insights with precision. The company's approach ensures that businesses receive relevant and accurate data tailored to their unique needs, facilitating better decision-making and consumer engagement.

Prehos

Seed Round in 2019
Prehos is a Canadian company based in Quebec City, with an office in Montreal, founded in 2015. Initially a project of Chalifour Digital Solutions, Prehos became a distinct entity focused on enhancing prehospital care. The company develops a medical fleet management platform that optimizes various tasks in the prehospital care chain. This platform features cartography, real-time traffic conditions, and emergency department status, which collectively assist paramedics, ambulance services, and health agencies in improving their efficiency and effectiveness. Prehos employs a diverse team, including professionals in development, quality assurance, customer support, and data science, with several members bringing firsthand experience as paramedics. The company's mission is to enhance patient care through innovative technological solutions tailored for paramedical and extrahospital services.

Alethia Biotherapeutics

Debt Financing in 2019
Alethia BioTherapeutics, Inc. is a biotechnology company based in Montreal, Canada, specializing in the discovery and development of monoclonal antibody-based therapeutics. The company focuses on critical areas such as cancer-associated epithelial-to-mesenchymal transition, ovarian cancer, and cancer-induced bone loss. Its product portfolio includes Isogranulatimide, a G2 checkpoint inhibitor that enhances the efficacy of various DNA-damaging chemotherapeutic agents, and sCLU, a glycoprotein linked to several malignancies, including prostate and breast cancers. Additionally, Alethia BioTherapeutics offers AB-0447, which targets a specific antigen prevalent in over eighty-five percent of ovarian cancer cases, and AB-0440, a protein that plays a role in osteoclast differentiation. Established in 2002, the company employs patented STAR discovery technology to develop therapeutics aimed at invasive carcinomas and associated complications.

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.

Nouveau Monde Graphite

Debt Financing in 2018
Nouveau Monde Graphite Inc. is a mineral exploration and development company based in Saint-Michel-des-Saints, Quebec, Canada. Founded in 2011, the company focuses on acquiring and evaluating mineral properties, primarily targeting graphite. It holds a 100% interest in the Matawinie property, which comprises 319 mining claims covering 17,585 hectares north of Montreal. Nouveau Monde is committed to operating under high environmental standards in Quebec, a region known for its mining-friendly policies. The company is developing a natural graphite-based anode material that meets battery-grade specifications to serve the growing North American lithium-ion battery market. Its operations encompass the Matawinie Mine Project and the Battery Material Plant project, emphasizing the production of graphite with a low environmental footprint to support local battery manufacturers.

Hopper

Series D in 2018
Hopper Inc. is a travel technology company that operates a mobile application designed to enhance the travel planning experience. Founded in 2007 and headquartered in Montreal, Canada, with additional offices in the United States and Bulgaria, Hopper utilizes big data and predictive analytics to analyze and forecast airfares and accommodations. The application provides users with travel recommendations and alerts them when flight and hotel prices reach their predicted lowest points, enabling travelers to secure the best deals. By leveraging historical travel data, Hopper aims to simplify the booking process and help users save money while planning their trips.

Mnubo

Series B in 2018
Mnubo Inc. specializes in smart data management and analytics for the Internet of Things (IoT), catering to enterprises, service providers, and device manufacturers. Founded in 2012 and headquartered in Montreal, Canada, with an office in Tokyo, Japan, Mnubo offers a cloud platform that allows original equipment manufacturers (OEMs) to connect, collect, analyze, and act on data from their devices. The company provides services for real-time IoT data streams, including object modeling and lifecycle management, across various sectors such as wearables, industrial, automotive, building, and healthcare. By utilizing its analytics solutions, manufacturers gain insights that enhance product usage, boost customer engagement, and reduce operational costs. Mnubo operates as a subsidiary of Aspen Technology, Inc. since July 2019.

Hopper

Series C in 2016
Hopper Inc. is a travel technology company that operates a mobile application designed to enhance the travel planning experience. Founded in 2007 and headquartered in Montreal, Canada, with additional offices in the United States and Bulgaria, Hopper utilizes big data and predictive analytics to analyze and forecast airfares and accommodations. The application provides users with travel recommendations and alerts them when flight and hotel prices reach their predicted lowest points, enabling travelers to secure the best deals. By leveraging historical travel data, Hopper aims to simplify the booking process and help users save money while planning their trips.

Prevtec Microbia

Venture Round in 2015
Prevtec Microbia Inc. is a biotechnology company based in Montreal, Canada, focused on developing and marketing products that enhance the health of food animals, thereby improving production performance and food safety. Founded in 2003 by Dr. John M. Fairbrother and Dr. Eric Nadeau as a spin-off from the Université de Montréal's veterinary medicine faculty, Prevtec specializes in vaccines and technologies for preventing bacterial infections. Its flagship product, Coliprotec, is a live vaccine designed to prevent post-weaning diarrhea caused by F4 (K88)-positive E. coli bacteria in pigs. The company operates in Canada and Europe, delivering sustainable solutions that help reduce reliance on antibiotics while promoting animal health and performance.

Audiokinetic

Venture Round in 2007
Audiokinetic Inc. specializes in providing audio solutions for the interactive media and gaming industries, both in Canada and internationally. Founded in 2000 and headquartered in Montreal, the company is best known for its flagship product, the WaveWorks Interactive Sound Engine (Wwise), which serves as an audio pipeline solution. Wwise features an optimized sound engine for managing audio processing and offers an event-based authoring tool for creating complex audio structures, integrating interactive music, and managing sound integration. Additionally, Audiokinetic develops various add-ons such as Wwise Convolution for reverberation effects, SoundSeed for interactive sound generation, and Wwise Motion for real-time audio authoring. The company also provides consulting services, including custom tool development, project support, and sound engine integration. Audiokinetic has established itself as a leader in audio technology for gaming, offering a comprehensive suite of tools designed to enhance the immersive experience of video games.

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.

Hyperchip

Debt Financing in 2002
Hyperchip (www.Hyperchip.com) is the Petabit Routing Company. Founded in 1997, Hyperchip is a privately held company funded by Siemens, Argo Global Capital (backed by the worlds leading telcos) and TechnoCap, Montreal's leading net-focused venture fund. The company is headquartered in Montreal. All financial figures included in this press release are cited in Canadian dollars. Hyperchip and the Petabit Routing Company are trademarks of Hyperchip Inc. Other trademarks identified in this release are the property of their respective companies.
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