Fondaction

Founded in 1996, Fondaction is a Montreal-based investment firm specializing in direct investments and fund of funds. It focuses on small to medium-sized enterprises across various sectors, with a particular emphasis on clean energy and agri-food industries related to sustainable development. The firm invests CAD 0.5 million to CAD 75 million per transaction, typically taking minority stakes and exiting after five to eight years.

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 Montreal

Talsom

Venture Round in 2023
Talsom, established in 2010 and based in Montreal, Canada, is a professional services firm specializing in management consulting. It offers expertise in digital transformation, aligning processes, resources, and technologies to drive organizational change. The company assists clients in understanding, defining, planning, and executing strategic projects aimed at innovation, execution, and overall business strategy.

MY01

Series A in 2023
Founded in 2015, MY01 specializes in developing digital medical devices for accurate real-time muscle pressure measurement. Its flagship product is designed to enhance the diagnosis of Acute Compartment Syndrome (ACS) by providing timely and precise measurements.

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.

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 offers innovative technology for producing cement-free, carbon-negative concrete. It licenses this technology to precast concrete manufacturers, enabling them to create sustainable building solutions that reduce greenhouse gas emissions.

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.

Gusta Foods

Venture Round in 2021
Gusta Foods is a manufacturer based in Montreal, Canada, specializing in vegan and artisanal plant-based products. The company offers a diverse range of items, including vegan sausages, seitan roasts, cheeses, and pâtés, aimed at making plant-based cuisine accessible and enjoyable. By focusing on the development of flavorful and innovative products, Gusta Foods seeks to inspire a shift towards a more sustainable and healthier lifestyle.

TOP Glaciers

Venture Round in 2020
Founded in Montreal, Canada in 2016, TOP Glaciers is a specialty food manufacturer focused on producing premium frozen desserts. The company offers a range of natural ice creams and sorbets, along with various specialty products such as bars and cakes.

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. is a Montreal-based company that specializes in providing wastewater treatment solutions for municipal and private clients. Established in 1983, Mabarex designs, builds, maintains, and manages water treatment systems for a variety of sectors, including mining, landfill sites, agri-food, and municipal services. The company offers a comprehensive range of services, including testing and support, upgrades, turnkey projects, operational monitoring, automation, equipment rental, and parts service. Mabarex focuses on delivering innovative environmental services tailored to the specific needs of its clients, ensuring effective treatment of water, wastewater, and organic waste, particularly for sites not connected to a sewer network.

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 company specializes in providing technology marketing consulting services, including marketing data management, operations, and the implementation of marketing solutions. Munvo assists clients across various industries, such as banking, insurance, telecommunications, healthcare, manufacturing, retail, and entertainment, in enhancing their marketing performance through expert consulting and software solutions. Their offerings encompass cloud migration, data analysis, data activation, and campaign management, all aimed at helping clients maximize the value of their investments and drive digital transformation.

Enerkem

Corporate Round in 2019
Enerkem transforms non-recyclable waste into renewable biofuels and chemicals. Its proprietary thermochemical process converts municipal solid waste into biofuels like ethanol, addressing oil dependence and waste disposal challenges.

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.

Big Bang

Private Equity Round in 2018
Big Bang is a global consulting firm specializing in digital transformation. Headquartered in Montreal, Canada, with offices in France, Mauritius, and the US, it helps organizations optimize processes by aligning strategy with technology, deploying cloud-based business solutions, and fostering organizational expertise.

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 transforms non-recyclable waste into renewable biofuels and chemicals. Its proprietary thermochemical process converts municipal solid waste into biofuels like ethanol, addressing oil dependence and waste disposal challenges.

Enerkem

Corporate Round in 2018
Enerkem transforms non-recyclable waste into renewable biofuels and chemicals. Its proprietary thermochemical process converts municipal solid waste into biofuels like ethanol, addressing oil dependence and waste disposal challenges.

Brandon Manufacturing

Private Equity Round in 2017
Brandon Manufacturing Inc. is a Canadian company based in Saint-Gabriel-de-Brandon, located approximately an hour north of Montreal. Founded in 1985, it began as a small family-owned general welding facility and has since evolved into a manufacturer of dump trucks and replacement trailers. The company produces a diverse range of products, including hook lift bodies, trailer tubs, custom-made bodies, and various truck parts such as mounting kits, hydraulic tanks, hoists, cab shields, tarp kits, and tailgates. Brandon Manufacturing serves both the municipal and disaster relief sectors, employing close to 100 people and addressing a wide array of market needs with its specialized equipment.

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 diverse range of offerings, which includes sliding, folding, closet, barn, and pocket doors, as well as stair parts, mirrors, and screen doors. Their product line extends to various complete categories, such as stairparts, mirrors, closet doors, accordion doors, columns, and porch posts. In addition to manufacturing, Colonial Elegance provides marketing support and merchandising tools tailored for home centers, serving both retail and commercial clients.

Fresche Solutions

Venture Round in 2016
Fresche Solutions Inc. is a legacy management company specializing in the modernization and management of business-critical applications. Founded in 1976 and headquartered in Montreal, Canada, with additional offices worldwide, the company provides a comprehensive suite of services that includes application re-hosting, rewriting, and re-architecting. Its offerings include the X-Analysis software suite for managing the IBM i lifecycle, iModernize for transforming AS/400 RPG and COBOL applications to modern architectures, and tools for business intelligence and development. Additionally, Fresche Solutions provides management and modernization solutions encompassing planning, analysis, onsite development, project management, and ongoing application support. The company serves a diverse clientele both in Canada and internationally, helping organizations enhance the longevity and functionality of their applications and databases.

Alasko Foods

Private Equity Round in 2016
Alasko Foods is a frozen foods supplier with a global network that sources from over 60 agri-food producers in 20 countries. All facilities are federally inspected and meet HACCP standards. The company imports, prepares and distributes more than 80 million pounds of frozen fruits and vegetables to hotels, industrial clients, retail brands, and other institutional and consumer markets across North America. It operates seven warehouses to maintain strict cold-chain control and quality. The Montreal facility is certified by the Canadian Food Inspection Agency and has earned a GFTC gold rating, and the company holds organic certification from Ecocert Canada.

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.

bluenove

Private Equity Round in 2014
bluenove specializes in open innovation consulting and collective intelligence technologies. Based in Montreal and Paris, it develops an open innovation platform that helps public and private organizations design strategic and transformation plans and scale collaborative approaches. The platform supports citizen consultations, co-construction, and data analysis to enable meaningful collaboration, innovation, and informed decision-making.

DataCandy Software

Venture Round in 2013
DataCandy Software, Inc. is a Montreal-based company that specializes in providing loyalty and gift card solutions for retail and restaurant clients in Canada and the United States. Established in 2002, DataCandy offers a technological platform that enables businesses to efficiently manage customer engagement through loyalty programs that reward repeat customers and gift card programs that facilitate prepaid purchasing. The company's services cater to a diverse range of businesses, including restaurants, retailers, and convenience stores, allowing them to capture real-time customer and product-level data in a multichannel, multilingual, and multicurrency environment. DataCandy Software operates in over 6,000 locations across North America and was previously known as Fanbox, Inc. until its name change in January 2014. As of November 2019, it functions as a subsidiary of Paystone.

Enerkem

Private Equity Round in 2011
Enerkem transforms non-recyclable waste into renewable biofuels and chemicals. Its proprietary thermochemical process converts municipal solid waste into biofuels like ethanol, addressing oil dependence and waste disposal challenges.

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
N(i)² is a technology company specializing in the development and marketing of software solutions for the management of information technology (IT) infrastructure and service support. Founded in 2003 and headquartered in Montreal, Canada, the company provides a comprehensive suite of IT infrastructure management applications that utilize a knowledge-based configuration management database (CMDB) platform. This platform allows organizations to identify, catalog, track, optimize, and manage their configuration items effectively. N(i)²'s offerings include an asset management application designed to oversee the IT asset lifecycle in accordance with established business rules, as well as a rack and connectivity application that optimizes data center operations by managing the positioning of cards within chassis and racks. The software aims to enhance service delivery for IT service providers, enabling them to streamline their infrastructure management and improve collaboration and innovation.

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.
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