Fondaction

Fondaction is a private equity firm established in 1996 and based in Montreal, Canada, with a commitment to socially responsible finance. It specializes in direct investments and fund of fund investments, focusing on small and medium-sized enterprises across various sectors, including clean energy, agri-food, agriculture, and technology. Fondaction invests in companies primarily located in Quebec, providing equity or loans ranging between CAD 0.5 million and CAD 10 million for direct investments, and up to CAD 75 million for fund investments. The firm typically takes minority stakes in its portfolio companies and aims for exits within five to eight years. With assets exceeding one billion dollars and over 131,000 shareholders, Fondaction plays a significant role in supporting the development of more than 1,050 SMEs, contributing to job creation and the advancement of a more equitable and sustainable economy. The firm has a strong commitment to sustainable development, having been one of the first in Quebec to produce accountability reports and adhere to high standards of transparency in economic, social, and environmental practices.

Nabil El Asraoui

Portfolio Director

Daniel Charron Ph.D

Vice President, Community Engagement and Public Affairs and Executive Committee Member

Dominique Chaussé

Deputy Chief Investment Officer, Direct Investments, Major Accounts

Isabelle Lechasseur

Portfolio Director, CoInvestments

Stéphan Morency

Deputy Chief Investment Officer

Geneviève Morin

President, Administrator, CEO, Board Member and Member of the Steering Committee

Caroline Senneville

Board Member, President of the Council and President of the Coordination Committee

Past deals in Canada

VoIP.ms

Private Equity Round in 2025
VoIP.ms, founded in 2007 by a team of IT and business professionals, offers Internet phone services tailored for both businesses and residential users. The company operates on a Bring-Your-Own-Device model, eliminating the constraints and costs associated with traditional telephony providers. VoIP.ms focuses on delivering a comprehensive service that includes standard features such as call waiting, voicemail, and caller ID, alongside advanced functionalities like voicemail to email and direct inward dialing forwarding. With offices in Canada and Mexico and global access points, VoIP.ms has grown into an international entity serving over 80,000 clients worldwide, committed to simplifying communications for its users.

Entosystem

Venture Round in 2024
Entosystem is a Canadian company based in Sherbrooke, founded in 2016, that specializes in producing insect-based proteins and flour aimed at enhancing the nutritional value of food waste. The company utilizes innovative insect farming technologies to recycle grocery waste, creating high-value insect protein products for the animal nutrition market, particularly for livestock such as fish and poultry. With a commitment to sustainability, Entosystem contributes to the circular agriculture economy by providing eco-friendly options that help reduce food waste while offering nutritious feed alternatives. Currently, the company employs a small team to support its operations.

SOFIAC

Venture Round in 2024
Sofiac assists businesses in the commercial, industrial, and multi-residential sectors to enhance profitability and competitiveness through energy efficiency projects. By developing, financing, and implementing innovative solutions, Sofiac enables clients to realize immediate savings from reduced energy consumption without upfront costs. The company focuses on decarbonization and energy retrofitting, helping organizations lower energy expenses and meet their emission reduction goals. Through its unique investment model, Sofiac aims to accelerate the energy transition for Canadian businesses, making sustainability both economically viable and beneficial.

Cultures Gen V

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

Aquatech BM

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

Les Industries Amisco ltée

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

Trans-Canada Energies Distribution

Venture Round in 2023
Established in 1964, Trans-Canada Energies Distribution is a well-known distributor in Eastern Canada eager to expand internationally. With a strong business focus and superior customer service, TCED has built a reputation for delivering quality products at competitive prices. Best known for its range of batteries, TCED has expanded its product line to include solar panels and LMR radio batteries. We are always looking for new products to better serve our customers.

Lion Electric

Post in 2023
Lion Electric is a manufacturer of zero-emission vehicles, specializing in the design and production of all-electric commercial urban trucks and buses. The company focuses on class 5 to class 8 vehicles, catering to various segments including school transportation, paratransit, and mass transit. As a leader in electric transportation in North America, Lion Electric oversees the complete manufacturing process, including the design and assembly of vehicle components such as chassis, battery packs, truck cabins, and bus bodies. In addition to electric vehicles, the company distributes truck and bus parts and accessories. Most of Lion Electric's revenue is generated in Canada, reflecting its significant presence in the North American market.

Talsom

Venture Round in 2023
Talsom is a management consulting firm based in Montreal, Canada, founded in 2010. The company specializes in digital transformation, offering expertise in aligning processes, resources, and technologies to help organizations navigate their transformation projects. Talsom provides a range of services including innovation, execution, and strategy, assisting clients in understanding, defining, and planning their business transformations effectively. With a team of skilled professionals, Talsom aims to facilitate successful change initiatives for various organizations.

My01

Series A in 2023
MY01 Inc. is a Montreal-based company that designs and develops a digital medical device specifically for measuring muscle pressure, which is critical for diagnosing Acute Compartment Syndrome (ACS). Founded in 2015, MY01 focuses on providing real-time and accurate measurements that enable timely clinical decisions. The company's sensor technology utilizes capacitive pressure sensors featuring a stable vacuum reference and advanced coating materials, ensuring tailored sensing capabilities. This innovative approach enhances the sensitivity and specificity of ACS diagnostics, equipping medical professionals with essential tools for effective patient care.

Equisoft

Private Equity Round in 2023
Equisoft Inc. is a global provider of innovative digital solutions tailored for the life insurance and wealth management industries. Founded in 1994 and headquartered in Montreal, Canada, with an additional office in Sydney, Australia, the company specializes in delivering a comprehensive ecosystem of services. Its offerings include SaaS policy administration, customer relationship management, financial planning tools, and solutions for asset allocation and portfolio analysis. Equisoft also provides financial advisors with tools for wealth management proposals, as well as software for quotes, illustrations, and agency management systems. The company is recognized as a leading partner for Oracle's insurance policy administration platform, leveraging extensive expertise in data migration and integration. Through its diverse range of services, Equisoft aims to empower clients to navigate the complexities of digital transformation in the financial sector.

Sollum

Grant in 2023
Sollum Technologies Inc., established in 2015 and headquartered in Montreal, Canada, specializes in designing and manufacturing innovative lighting systems. The company's core products are LED hardware and a programmable platform that mimic the natural light spectrum and circadian rhythm, optimizing growth conditions for crops and animals. Sollum's solutions are tailored to greenhouse producers, offering dynamic, full-spectrum LED lighting that adapts to various growth stages and native climates. This results in significant energy savings, enhanced productivity, and superior produce quality, while also being environmentally responsible.

AEquo Shareholder Engagement Services

Venture Round in 2022
AEquo Shareholder Engagement Services is a financial services company located in Montreal.

CarbiCrete

Series A in 2022
CarbiCrete is a Montreal-based company that specializes in carbon removal technology aimed at producing low-cost, sustainable building solutions. Founded in 2016 and headquartered in Westmount, Canada, the company has developed a process for creating cement-free, carbon-negative concrete. This innovative concrete utilizes industrial by-products and captured carbon dioxide, replacing traditional cement with steel slag and curing the mixture with carbon dioxide. This method not only prevents the greenhouse gas emissions typically associated with cement production but also permanently removes carbon dioxide from the atmosphere. By licensing its technology to precast concrete manufacturers, CarbiCrete enables businesses to significantly reduce their greenhouse gas emissions while promoting environmentally friendly construction practices.

Talent.com

Series B in 2022
Talent.com is a platform that centralizes jobs available on companies'​ career websites, staffing agencies, or job boards. The company was founded in 2020 and is headquartered in Montreal, Quebec, Canada.

HOLOS

Seed Round in 2022
HOLOS focuses on producing organic oats sourced from Saskatchewan and offers a range of nutrition bars designed for convenient, healthy snacking. The company aims to support mental and physical well-being through its products, which include creamy and crunchy muesli made from a blend of organic whole grains, nuts, seeds, spices, and dried fruits. Available in four distinct flavors, these offerings cater to consumers seeking nutritious breakfast options that align with a busy lifestyle.

BKR Capital

Venture Round in 2022
BKR Capital, established in 2021 and located in Toronto, Canada, is a venture capital firm dedicated to supporting early-stage black-led companies within the technology sector. Originally known as Black Innovation Capital, the firm focuses on investing in promising black founders, aiming to foster innovation and diversity in the tech industry. Through its investments, BKR Capital seeks to empower entrepreneurs and contribute to the growth of underrepresented communities in the business landscape.

SOFIAC

Debt Financing in 2021
Sofiac assists businesses in the commercial, industrial, and multi-residential sectors to enhance profitability and competitiveness through energy efficiency projects. By developing, financing, and implementing innovative solutions, Sofiac enables clients to realize immediate savings from reduced energy consumption without upfront costs. The company focuses on decarbonization and energy retrofitting, helping organizations lower energy expenses and meet their emission reduction goals. Through its unique investment model, Sofiac aims to accelerate the energy transition for Canadian businesses, making sustainability both economically viable and beneficial.

Dion Herbs & Spices

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

Bakery Humanity

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

TOP Glaciers

Venture Round in 2020
TOP Glaciers Inc. is a food manufacturing company based in Montreal, Canada, that specializes in the production and sale of frozen desserts. Founded in 2016, the company offers a diverse range of products, including natural ice creams, sorbets, and various specialty items such as bars and cakes. TOP Glaciers emphasizes quality by providing organic, healthy options, including vegan sorbets made with real fruit and fair trade ingredients. The company aims to deliver premium products to customers at reasonable prices, catering to those seeking artisanal and health-conscious dessert choices.

Sollio Cooperative Group

Venture Round in 2020
Sollio Cooperative Group, headquartered in Montreal, Quebec, is a prominent agri-food federation that serves agricultural producers and consumers across Canada. With over 60,000 members organized into nearly 70 cooperatives, Sollio Cooperative Group employs more than 13,000 individuals and generates an annual revenue of $6.3 billion. The organization operates through three main divisions: Olymel S.E.C, which encompasses meat processing brands like Olymel, Flamingo, and Lafleur; the Agri-business division, which includes brands such as La Coop, Élite, Agrocentre, Agrico, and Agromart; and the BMR Group, featuring BMR, Unimat, and Potvin & Bouchard. Established in 1922, Sollio Cooperative Group plays a crucial role in providing agricultural services and support, enabling farmers to enhance their crop production and overall operational efficiency.

Mabarex

Venture Round in 2020
Mabarex Inc. specializes in wastewater treatment solutions for municipal and private clients, providing a comprehensive range of services that includes testing and support, upgrades, turnkey projects, operation and monitoring, automation, equipment rental, and parts service. Founded in 1983 and based in Montreal, Canada, the company caters to various sectors, including mining, landfill sites, agri-food, commercial and institutional facilities, municipal entities, and First Nations. Mabarex designs, builds, retrofits, and operates water and wastewater treatment systems, focusing on sites that are not connected to a sewer network. Through innovative environmental services, the company delivers tailored solutions to meet the specific needs of its clients.

Entosystem

Venture Round in 2020
Entosystem is a Canadian company based in Sherbrooke, founded in 2016, that specializes in producing insect-based proteins and flour aimed at enhancing the nutritional value of food waste. The company utilizes innovative insect farming technologies to recycle grocery waste, creating high-value insect protein products for the animal nutrition market, particularly for livestock such as fish and poultry. With a commitment to sustainability, Entosystem contributes to the circular agriculture economy by providing eco-friendly options that help reduce food waste while offering nutritious feed alternatives. Currently, the company employs a small team to support its operations.

McGregor Hardware

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

Serrubec

Acquisition in 2020
Serrubec Inc. is a wholesale distributor based in Dorval, Canada, specializing in security hardware. Founded in 1970, the company offers a diverse range of products, including locks, padlocks, safes, exit devices, electronic hardware, keys, accessories, and tools. Serrubec focuses on providing comprehensive door security and hardware solutions. As of December 2012, it operates as a subsidiary of Shanahan's Limited Partnership.

Hardware Agencies

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

Sollio Cooperative Group

Venture Round in 2019
Sollio Cooperative Group, headquartered in Montreal, Quebec, is a prominent agri-food federation that serves agricultural producers and consumers across Canada. With over 60,000 members organized into nearly 70 cooperatives, Sollio Cooperative Group employs more than 13,000 individuals and generates an annual revenue of $6.3 billion. The organization operates through three main divisions: Olymel S.E.C, which encompasses meat processing brands like Olymel, Flamingo, and Lafleur; the Agri-business division, which includes brands such as La Coop, Élite, Agrocentre, Agrico, and Agromart; and the BMR Group, featuring BMR, Unimat, and Potvin & Bouchard. Established in 1922, Sollio Cooperative Group plays a crucial role in providing agricultural services and support, enabling farmers to enhance their crop production and overall operational efficiency.

Munvo

Private Equity Round in 2019
Munvo Solutions Inc. is a marketing technology consultancy based in Montreal, Canada, founded in 2005. The firm specializes in providing technology marketing consulting services, including marketing data management, operations services, and solutions implementation. Munvo also offers cloud migration, data analysis, and data activation services, assisting clients in maximizing their investments and driving digital transformations. The company serves a diverse range of industries, such as banking, insurance, telecommunications, healthcare, manufacturing, retail, travel, and entertainment. By integrating marketing software systems and offering expert consulting, Munvo helps clients enhance their marketing performance through effective campaign implementation, performance monitoring, and market transformation strategies.

Art Massif

Debt Financing in 2019
Art Massif specializes in the design and manufacture of glued-laminated timber structures for a variety of applications, including restaurants, offices, schools, luxury homes, gymnasiums, and public buildings. The company provides a comprehensive service that encompasses the entire process, from initial design to manufacturing and installation. Its product offerings include glue-laminated decking, frames, porticos, porches, arbors, carports, and sculpted beams. Founded in 2010, Art Massif is headquartered in Saint-Jean-Port-Joli, Canada, and is dedicated to creating high-quality wood structures that meet diverse architectural needs.

Cognibox

Private Equity Round in 2019
Cognibox specializes in risk management and contractor compliance software, providing a comprehensive platform for supplier qualification and contractor management. Founded in 1972 and headquartered in Shawinigan, Canada, the company offers a Software as a Service (SaaS) solution that facilitates the entire contractor qualification process, including the search for potential suppliers, pre-qualification, evaluation, verification, and ongoing monitoring. Cognibox serves various industries, such as Aerospace, Mining, Metallurgy, Agriculture and Food, and Forest and Paper. In addition to its software platform, the company provides consulting services, e-learning training, and contractor support, ensuring that clients have access to the most current data and best practices for managing their supplier relationships.

Morille Québec

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

Enerkem

Corporate Round in 2019
Enerkem Inc. is a cleantech company based in Montreal, Canada, specializing in the production of renewable biofuels and chemicals derived from waste materials. The company utilizes a proprietary thermochemical process to convert non-recyclable municipal solid waste into cellulosic ethanol and other renewable chemicals. Over a decade of research has validated Enerkem's technology, which addresses issues related to oil dependence and waste disposal. The company operates advanced facilities that support its business model of producing biofuels profitably from a diverse range of feedstocks. Enerkem is majority-owned by a mix of institutional and clean-technology investors, including various venture capital firms and industrial investors. With a workforce of approximately 170 employees across Canada and the United States, Enerkem is committed to transforming waste into sustainable energy solutions.

GRYB

Debt Financing in 2019
GRYB is a Canadian manufacturer specializing in attachments for heavy machinery, established in 2007 and headquartered in Victoriaville. The company produces a diverse range of products, including buckets, concrete pulverizers, grapples, hydraulic thumbs, electromagnet attachments, and snow scrapers, tailored to the specific needs of contractors across various sectors, such as construction, excavation, demolition, recycling, and snow removal. In addition to manufacturing, GRYB provides on-site turn-key installation services, refurbishment, and repair services for heavy equipment. This comprehensive approach allows GRYB to offer customized solutions that enhance the efficiency and effectiveness of heavy machinery used in various industrial applications. The company, previously known as Groupe R.Y. Beaudoin Inc., rebranded to GRYB in 2016.

Hortau

Venture Round in 2019
Hortau Inc. is a Canadian company specializing in wireless and web-based irrigation management systems, founded in 2002 by experts in agronomy and soil physics. The company designs and manufactures advanced irrigation solutions, including the WEB-TX4 Field Monitoring Stations, which collect vital soil and weather data, and the 1k Extended Range Sensor, a tensiometer that aids growers in managing irrigation in arid conditions. Hortau also offers Field Control Units for remote operation of irrigation valves and engines, alongside Irrolis, a cloud-based software that provides real-time data analysis for agricultural operations. Additionally, the company produces various sensors for soil tension and environmental conditions, as well as comprehensive Weather Stations to monitor climatic factors affecting crop health. With operations in the United States and a focus on enhancing crop production while reducing water and energy use, Hortau aims to support farmers in optimizing yield and productivity.

Edilex

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

Groupe JLD Laguë

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

Les Viandes Biologiques de Charlevoix

Private Equity Round in 2018
Les Viandes Biologiques de Charlevoix Inc. is a Canadian company based in St-Urbain, established in 2001, that specializes in the organic breeding, production, processing, and distribution of organic meats. The company focuses on organic chicken, pork, and turkeys, offering a variety of products including cold cuts, sausages, and cooked and dried charcuteries. By providing high-quality organic meat products, Les Viandes Biologiques de Charlevoix serves the food industry, enabling efficient distribution for its clients.

Kanuk

Private Equity Round in 2018
Kanuk Inc. is a Canadian company based in Montreal, specializing in the design, manufacture, and sale of winter clothing for men and women. Founded in 1974, it emerged from a desire to create high-quality outerwear capable of withstanding the harsh Canadian winters. The company offers a range of products, including winter coats, lightweight coats, and various accessories. Kanuk's commitment to craftsmanship and functionality remains a cornerstone of its operations, with a focus on designing apparel that meets the demands of extreme weather conditions. Through its online platform, Kanuk aims to provide customers with comfortable and durable winter clothing at competitive prices. The brand has maintained its legacy by combining traditional craftsmanship with modern design, ensuring that it continues to protect customers from the elements while evolving to meet contemporary style preferences.

ITI

Debt Financing in 2018
ITI is a Canadian IT solutions provider that specializes in cloud infrastructure, IT infrastructure, data management, and IT asset management services. With a workforce of over 450 employees, the company serves approximately 2,000 clients across various sectors, including government, healthcare, education, and businesses of all sizes. ITI offers a range of services, including strategic IT consulting, analysis, network design, deployment, and ongoing support. By providing tailored solutions, ITI helps its clients effectively navigate technological transformations, enhancing their competitiveness in the marketplace. The company's focus on delivering cost-effective business solutions positions it as a valuable partner for both public and private sector organizations.

Electrobac

Seed Round in 2018
Electrobac Inc. is a Montreal-based company founded in 2016 that specializes in the disposal and recycling of electronic waste. It has developed a network of smart bins designed for the convenient collection of unwanted electronic equipment, facilitating the recovery and repackaging of small electronics. Electrobac aims to extend the lifecycle of electronic devices and promote sustainable practices by prioritizing reuse, repair, and refurbishment. The company serves both individual consumers and large businesses, assisting them in integrating circular economy principles into the management of their mobile devices.

ESI Technologies

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

BCI Foods

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

Incursion Voyages

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

Arsenal Media

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

Derco Horticulture

Seed Round in 2018
Derco Horticulture Inc. specializes in the manufacture and distribution of horticulture and garden products, catering primarily to landscaping professionals. Founded in 2017 and based in Saint-Germain-de-Grantham, Canada, the company offers a diverse range of products including gardening tools, irrigation equipment, outdoor lighting, drainage systems, and various landscaping materials. Their product line also features water garden solutions, geotextiles, stakes, beacons, and gloves, all designed to enhance the gardening experience and meet the specific needs of their customers.

Taxelco

Venture Round in 2018
Taxelco is focused on providing ecological taxi transport solutions in Montreal. The company aims to consolidate the interests of the taxi industry to benefit both stakeholders and the local community. By promoting the use of fully electric vehicles, Taxelco seeks to create operational synergies and leverage information technologies to enhance efficiency. A collaborative pilot project initiated in November 2015 involved 50 electric vehicles operating under rigorous weather conditions in Montreal. This initiative is designed to optimize the performance of electric taxis, contributing to the city's reputation as a green and innovative urban center. Through these efforts, Taxelco emphasizes responsible economic and social development while reflecting the unique cultural identity of Montreal's citizens.

Enerkem

Private Equity Round in 2018
Enerkem Inc. is a cleantech company based in Montreal, Canada, specializing in the production of renewable biofuels and chemicals derived from waste materials. The company utilizes a proprietary thermochemical process to convert non-recyclable municipal solid waste into cellulosic ethanol and other renewable chemicals. Over a decade of research has validated Enerkem's technology, which addresses issues related to oil dependence and waste disposal. The company operates advanced facilities that support its business model of producing biofuels profitably from a diverse range of feedstocks. Enerkem is majority-owned by a mix of institutional and clean-technology investors, including various venture capital firms and industrial investors. With a workforce of approximately 170 employees across Canada and the United States, Enerkem is committed to transforming waste into sustainable energy solutions.

Enerkem

Corporate Round in 2018
Enerkem Inc. is a cleantech company based in Montreal, Canada, specializing in the production of renewable biofuels and chemicals derived from waste materials. The company utilizes a proprietary thermochemical process to convert non-recyclable municipal solid waste into cellulosic ethanol and other renewable chemicals. Over a decade of research has validated Enerkem's technology, which addresses issues related to oil dependence and waste disposal. The company operates advanced facilities that support its business model of producing biofuels profitably from a diverse range of feedstocks. Enerkem is majority-owned by a mix of institutional and clean-technology investors, including various venture capital firms and industrial investors. With a workforce of approximately 170 employees across Canada and the United States, Enerkem is committed to transforming waste into sustainable energy solutions.

LB Laser

Seed Round in 2018
LB Laser Inc. is a Canadian company based in Saint-Romuald, specializing in laser cutting and sheet metal folding services for commercial clients. Founded in 2015, the company also offers welding, assembly, hardware optimization, and powder coating. By providing these services, LB Laser enables clients in the production sector to customize and mold sheet materials according to their specific requirements. The company is dedicated to delivering high-quality solutions that enhance the efficiency and effectiveness of its clients' operations. For inquiries, contact information is available on their website.

Solar Uniquartier

Venture Round in 2017
Solar Uniquartier is an integrated real estate development project situated in Brossard, Canada. This mixed-use development features 2,600 housing units, including 245 rental units, all designed with luxurious finishes. It also includes a 125-unit condominium tower and encompasses over 130,000 square feet of green parkland. Additionally, the project offers 1.2 million square feet dedicated to commercial and office space, aiming to create a vibrant community that combines residential, recreational, and business environments.

CoPower

Venture Round in 2017
CoPower Inc., founded in 2013 and headquartered in Canada, operates a sustainable investment platform that streamlines clean energy investing. The company provides an online crowdfunding service that allows investors to direct their capital toward energy efficiency and renewable energy generation projects. CoPower focuses on delivering solid financial returns while also promoting measurable environmental impact. Since its inception, the company has facilitated more than $2.5 million in clean energy loans and is recognized as a Certified B Corporation, reflecting its commitment to social and environmental performance.

Brandon Manufacturing

Private Equity Round in 2017
Brandon Manufacturing Inc. is a Canadian company based in Saint-Gabriel-de-Brandon, located an hour north of Montreal. Founded in 1985, it originally began as a small family-owned welding facility. Today, the company specializes in manufacturing dump trucks and replacement trailers, along with a variety of custom-made bodies, including hook lift bodies and trailer tubs. In addition, Brandon Manufacturing produces and distributes essential truck parts such as mounting kits, hydraulic tanks, hoists, cab shields, tarp kits, and various accessories. The company primarily serves the municipality and disaster relief sectors, employing close to 100 people and catering to diverse market needs.

Colonial Elegance

Private Equity Round in 2017
Colonial Elegance is a designer and manufacturer of home décor products based in Montreal, Canada. The company specializes in a range of offerings including pocket door frames, sliding doors, folding doors, closet doors, stair parts, mirrors, screen doors, and barn doors. In addition to its extensive product line, Colonial Elegance provides marketing support and merchandising tools tailored for home centers, catering to both retail and commercial clients. The company aims to enhance living spaces through its diverse design and lifestyle collections.

Meglab

Private Equity Round in 2017
Meglab is a Canadian company based in Val-d'Or that specializes in mining operations management, focusing on practical and economical solutions to industry challenges. It designs and manufactures electrical equipment and telecommunications infrastructure, offering products such as system design, substations, switchgear, and automation systems. These solutions support mine electrification, equipment charging, and the digitalization and automation of operations. Meglab has established itself as a trusted leader in integrated solutions within the mining sector, fostering strong business relationships built on reliability and expertise.

Velan

Post in 2016
Velan Inc. is a global manufacturer of industrial valves based in Montréal, Canada, established in 1950. The company specializes in designing, manufacturing, and marketing a diverse range of valve products, including gate, globe, and check valves, quarter-turn valves, cryogenic valves, and steam traps. Velan's products cater to critical industrial sectors such as power generation, oil and gas, refining, petrochemicals, pulp and paper, mining, and marine applications. The company offers one of the most comprehensive valve product lines available, with sizes ranging from ½ inch to 60 inches and pressure ratings exceeding 10,000 psi. Velan is recognized for its commitment to quality and innovation, incorporating environmentally friendly features and ensuring reliable performance across its offerings. The company has a strong presence in the nuclear industry, supplying valves to numerous nuclear power stations worldwide, and is actively engaged in the global revival of nuclear energy. Velan's products are distributed through independent third-party distributors and sales agents across various regions, including North America and Europe.

Le Devoir

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

Alasko Foods

Private Equity Round in 2016
Alasko Foods operates as a provider of frozen foods, serving a variety of sectors including hotels, industrial clients, and retail brands across North America. The company imports, prepares, and distributes over 80 million pounds of frozen fruits and vegetables annually, catering to both institutional and consumer markets. With a global supply network that encompasses over 60 agri-food producers in 20 countries, Alasko ensures that all facilities are federally inspected and adhere to H.A.C.C.P. program requirements. The company maintains a robust distribution network utilizing seven warehouses to optimize the efficiency and control of the cold chain, which is crucial for frozen food products. An internal quality assurance program monitors products continuously to uphold safety and quality standards. The Montreal facility is certified by the Canadian Food Inspection Agency and has received a GFTC gold rating, alongside organic certification from Ecocert Canada.

Chlorophylle

Debt Financing in 2016
Chlorophylle is a Canadian manufacturer and retailer specializing in high-end products for outdoor sports. The company focuses on creating durable and high-performance items that cater to the needs of outdoor enthusiasts. In addition to its manufacturing capabilities, Chlorophylle operates an e-commerce platform that offers a wide range of clothing and accessories, making it accessible for customers to purchase their specialized products online. The brand emphasizes quality and aesthetics in its offerings, ensuring that each item meets the expectations of its target market.

Agropur

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

Les Dépendances

Venture Round in 2015
Les Dépendances Inc. is a Canadian company based in Saint-Hubert that specializes in the import and distribution of a wide variety of fine cheeses. Founded in 2001, the company offers an extensive range of cheese products, including hard uncooked curds, semi-hard uncooked curds, soft bloomy rinds, soft washed rinds, fresh and blue cheeses, as well as lactic goat and sheep cheeses. Les Dépendances serves a diverse clientele, including independent retailers, chain stores, and distributors across several countries, such as Canada, the United States, and various nations in Europe and Australia. In addition to cheese, the company also supplies butter, cream, vegetarian cheeses, and related accessories, facilitating a comprehensive product offering for the food industry.

Nubik

Debt Financing in 2015
Nubik is a consulting firm based in Montreal that specializes in multi-cloud services, focusing on various industries including manufacturing, professional services, high-tech, finance, healthcare, and life sciences. The company leverages technology from Salesforce and Rootstock to assist clients in implementing software systems and developing customized tools. By offering expertise in customer relationship management, marketing automation, and enterprise resource planning software, Nubik helps organizations achieve their objectives and improve operational efficiency.

Telecon

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

Quartz

Private Equity Round in 2015
Quartz Co. designs and manufactures insulated winter coats for both men and women, along with accessories such as scarves, woolen hats, and bags. The company caters to a diverse international market, selling its products in countries including France, Germany, Japan, Russia, Hong Kong, South Korea, Norway, the United States, Canada, and Switzerland. Established in 1997 and based in Montreal, Canada, Quartz Co. was originally known as Quartz Nature Inc. before rebranding in 2015. The company emphasizes creating modern outerwear that blends timeless design with high performance and sustainable practices, targeting consumers who embrace an active northern lifestyle.

Congebec

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

Agropur

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

Knowlton Development

Private Equity Round in 2014
Knowlton Development Corp. is a contract manufacturer and custom formulator serving the consumer goods industry in Canada and beyond. The company specializes in a diverse range of products, including personal cleansing items, body and facial care products, fragrances, men’s grooming solutions, hair care and styling products, as well as household care items. Through its extensive capabilities, Knowlton Development Corp. caters to various market needs, providing tailored solutions for its clients in the consumer goods sector.

bluenove

Private Equity Round in 2014
Bluenove is a prominent provider of open innovation consulting services and collective intelligence technologies, with offices in Montreal and Paris. The company specializes in assisting public and private organizations in co-creating strategic and transformation plans. By leveraging collaborative approaches, bluenove enables its clients to engage in large-scale innovation processes, facilitating effective solutions and enhancing organizational performance.

Groupe Focus

Debt Financing in 2014
Groupe Focus, based in Varennes, Canada, specializes in planning business environments through the distribution and installation of high-end office furniture and architectural solutions. The company provides a comprehensive range of products and services aimed at creating functional and ergonomic workspaces. This includes the selection and installation of innovative furniture and architectural partitions, enhancing the aesthetics and practicality of office spaces. By focusing on quality and design, Groupe Focus aims to meet the evolving needs of modern workplaces.

Master

Venture Round in 2014
Master, established in Canada, is an independent distributor specializing in heating, ventilation, air conditioning, and refrigeration (HVAC-R) systems. It serves as a key supplier to retailers across North America, offering a comprehensive online catalog of products such as heat pumps, air conditioners, air quality systems, and geothermal systems. Master differentiates itself by bundling products and services, ensuring high-quality solutions for its customers.

Induspac

Debt Financing in 2014
Induspac is a packaging goods manufacturer located in Candiac, Canada. The company specializes in customized industrial packaging products, including corrugated and solid fiber boxes, as well as wooden, protective, thermoformed, and reusable packaging solutions. By focusing on maximizing performance and reducing packaging costs for its clients, Induspac provides a range of value-added services. These include co-packing, management of packaging portfolios, warehousing, just-in-time deliveries, online inventory management, and custom production and design.

Fonderie Lemoltech

Debt Financing in 2014
Fonderie Lemoltech, based in Princeville, Canada, specializes in recycled aluminum die casting, providing aluminum processing services tailored to client specifications. The company focuses on creating prototypes and turnkey projects for the production of aluminum parts used across various sectors, including energy, recreation, construction, medicine, and the military. By transforming aluminum into die-cast components, Fonderie Lemoltech enables its clients to manufacture industrial spare parts that meet their unique requirements.

DataCandy Software

Venture Round in 2013
DataCandy Software, Inc. is a provider of loyalty and gift card solutions for retail and restaurant businesses in Canada and the United States. Founded in 2002 and based in Montreal, the company offers a technological platform that helps clients manage customer engagement through loyalty programs and prepaid gift card systems. This platform supports various businesses, including restaurants, retailers, and convenience stores, allowing them to reward repeat customers and encourage brand loyalty. DataCandy's services are designed to deliver real-time insights into customer and product interactions, facilitating effective communication and engagement strategies. In January 2014, the company changed its name from Fanbox, Inc. and is currently a subsidiary of Paystone.

Pacini

Private Equity Round in 2013
Pacini operates a chain of Italian restaurants across Canada, boasting over 30 locations and employing around 1,300 staff members. Known for delivering an authentic Italian dining experience, Pacini is recognized as the fastest-growing restaurant brand in the Canadian hotel industry. The menu features a variety of offerings for breakfast, lunch, and dinner, all made from high-quality, fresh ingredients, with a commitment to eliminating artificial trans fats and reducing sodium in its sauces. In addition to its culinary offerings, Pacini includes a unique Bread Bar and a Piazza Pacini grocery store at its locations, allowing customers to purchase fine Italian products in a market-style atmosphere. With more than 30 years as a franchisor, the chain continues to expand and enhance its reputation for exceptional service and healthy eating options.

H2O Innovation

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

Cogeco

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

Enerkem

Private Equity Round in 2011
Enerkem Inc. is a cleantech company based in Montreal, Canada, specializing in the production of renewable biofuels and chemicals derived from waste materials. The company utilizes a proprietary thermochemical process to convert non-recyclable municipal solid waste into cellulosic ethanol and other renewable chemicals. Over a decade of research has validated Enerkem's technology, which addresses issues related to oil dependence and waste disposal. The company operates advanced facilities that support its business model of producing biofuels profitably from a diverse range of feedstocks. Enerkem is majority-owned by a mix of institutional and clean-technology investors, including various venture capital firms and industrial investors. With a workforce of approximately 170 employees across Canada and the United States, Enerkem is committed to transforming waste into sustainable energy solutions.

Equisoft

Private Equity Round in 2009
Equisoft Inc. is a global provider of innovative digital solutions tailored for the life insurance and wealth management industries. Founded in 1994 and headquartered in Montreal, Canada, with an additional office in Sydney, Australia, the company specializes in delivering a comprehensive ecosystem of services. Its offerings include SaaS policy administration, customer relationship management, financial planning tools, and solutions for asset allocation and portfolio analysis. Equisoft also provides financial advisors with tools for wealth management proposals, as well as software for quotes, illustrations, and agency management systems. The company is recognized as a leading partner for Oracle's insurance policy administration platform, leveraging extensive expertise in data migration and integration. Through its diverse range of services, Equisoft aims to empower clients to navigate the complexities of digital transformation in the financial sector.

Ni2

Venture Round in 2007
Ni2 develops and markets technology focused on the management of information technology (IT) infrastructure and service support. The company offers a suite of IT infrastructure management applications that utilize a knowledge-based configuration management database (CMDB) platform to identify, catalog, track, optimize, and manage configuration items. Its software includes an asset management application for overseeing the IT asset lifecycle according to established business rules and a rack and connectivity application that optimizes data center organization by managing card positioning in chassis and chassis in racks. Founded in 2003, Ni2 is headquartered in Montreal, Canada, and aims to enhance service delivery for providers by transforming their infrastructure ecosystem and enabling clients to effectively manage their communications, data center, and IT needs to achieve their business objectives.

R&D Capital

Private Equity Round in 2007
R&D Capital is a Canadian financial institution that focuses on providing financing for refundable tax credits at both federal and provincial levels. The company specializes in short-term funding solutions for small and medium-sized enterprises (SMEs) engaged in scientific research and experimental development. It serves a diverse range of sectors, including life sciences, environmental initiatives, the food industry, multimedia, and traditional industries, enabling these businesses to access the financial resources needed to leverage available tax credits effectively.

Aceris 3D Inspection

Venture Round in 2007
Aceris 3D Inspection Inc. designs and manufactures flip chip and wafer inspection equipment for detecting measurements and defects. Its equipment is used to detect solder paste, singulated dies, warpage, epoxy, and bump height, as well as coined, round, and wafer level bumps. Aceris 3D Inspection Inc. was formerly known as Abante Inspection Inc. and changed its name to Aceris 3D Inspection Inc. in 2001. The company was founded in 2000 and is based in Montreal, Canada.

Optosecurity

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

D-Box Technologies

Private Equity Round in 2007
D-BOX Technologies Inc. is a company that specializes in designing, manufacturing, and marketing advanced motion systems for various markets, including entertainment, simulation, and training. The company’s proprietary D-BOX Motion Code technology synchronizes motion effects with visual content, enhancing the viewer experience. D-BOX offers a range of products, including motion systems for commercial theaters, home theaters, and various industrial applications such as automotive and defense. Its product lineup includes motion seats, controllers, servers, and actuators, which are sold or leased to customers globally. D-BOX’s clientele comprises commercial entertainment centers, original equipment manufacturers, and individual consumers seeking immersive home entertainment experiences. Headquartered in Longueuil, Canada, D-BOX operates across multiple regions, including North America, Europe, and Asia.

GO Capital Fund

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

Optosecurity

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