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 Quebec

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.

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.

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.

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, based in Montreal, Quebec, is an agri-food federation that serves over 60,000 members through nearly 70 cooperatives across Canada. Established in 1922, it employs more than 13,000 individuals and generates annual revenues of approximately $6.3 billion. The organization is structured into three main divisions: Olymel S.E.C, which includes brands such as Olymel, Flamingo, and Lafleur; the Agri-business division, which operates under various banners including La Coop and Agrico; and the BMR Group, known for its BMR and Unimat stores. Sollio Cooperative Group provides agricultural producers with essential goods and services, supporting them in crop production and enhancing their operational capabilities.

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.

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.

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.

Sollio Cooperative Group

Venture Round in 2019
Sollio Cooperative Group, based in Montreal, Quebec, is an agri-food federation that serves over 60,000 members through nearly 70 cooperatives across Canada. Established in 1922, it employs more than 13,000 individuals and generates annual revenues of approximately $6.3 billion. The organization is structured into three main divisions: Olymel S.E.C, which includes brands such as Olymel, Flamingo, and Lafleur; the Agri-business division, which operates under various banners including La Coop and Agrico; and the BMR Group, known for its BMR and Unimat stores. Sollio Cooperative Group provides agricultural producers with essential goods and services, supporting them in crop production and enhancing their operational capabilities.

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.

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.

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.

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 contribue à propulser les compagnies québécoises depuis 1994, en reliant les domaines critiques de la transformation des données en information. La mission d’ESI est de proposer les solutions des meilleurs manufacturiers de l’industrie pour gérer, protéger et transformer les données générées par les activités des entreprises. ESI offre son expertise technologique de pointe et sa grande compréhension des enjeux d’affaires afin de tirer une véritable valeur ajoutée des volumes de données,

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.

Taxelco

Venture Round in 2018
Taxelco owns and operates Téo Taxi, a revolutionary fully electric on-demand transportation service, Taxi Diamond, Montreal’s leading taxi company and Taxi Hochelaga, the industry leader in paratransit services.

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.

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.

Fresche Solutions

Venture Round in 2016
Fresche Solutions Inc. is a legacy management company that specializes in modernizing business-critical applications. It provides a comprehensive suite of tools and services, including the X-Analysis software for managing the IBM i lifecycle, iModernize for transforming AS/400 RPG and COBOL applications into modern architectures like Microsoft and Java, and the Newlook suite aimed at enhancing traditional IBM i systems. Additionally, the company offers business intelligence and development tools, as well as HP e3000 modernization solutions. Fresche Solutions also delivers consulting and technical support services, focusing on application and database modernization, project management, and ongoing application support. With a commitment to strategy and productivity, the company serves a diverse clientele in Canada and internationally. Founded in 1976 and based in Montreal, Canada, Fresche Solutions has expanded its operations with offices in several locations, including the United States, Australia, India, and the United Kingdom. Previously known as Fresche Legacy Inc., the company rebranded in April 2017.

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
The Alasko global supply network reaches over 60 agri-food producers, in 20 countries. All facilities are federally inspected and satisfy all of the H.A.C.C.P. program requirements. We import, prepare and distribute over 80 million pounds of frozen foods. Our distribution network currently utilizes 7 warehouses across North America and offers optimal efficiency and control of the cold chain: frozen food requires constant follow-up. Our internal quality assurance program provides for constant monitoring of all products to ensure the highest safety and quality standards are respected throughout the cold chain. Our Montreal facility is certified by the Canadian Food Inspection Agency (C.F.I.A) and has recently received a GFTC gold rating. We also have received organic certification by Ecocert Canada.

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.

Nubik

Debt Financing in 2015
Nubik is a cloud data services marketing automation company located in Montreal.

Quartz Co.

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.

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.

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.

DataCandy

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.

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 company provides systems and equipment for producing drinking and industrial process water, as well as for the reclamation, reuse, and desalination of water. In addition to offering membrane filtration systems and spare parts, H2O Innovation supplies specialty chemicals such as antiscalants, cleaners, and coagulants. The company also provides a range of services, including operation and maintenance for water treatment facilities, public works services, and construction for water and sewer lines. Its innovative technologies, such as Intelogx for data analysis and Clearlogx for automation, enhance the efficiency of water treatment processes. Founded in 2000 and headquartered in Quebec City, H2O Innovation has established itself as a leader in the water treatment industry, continuously expanding its market presence through a comprehensive range of products and services.

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
N(i)² develops and markets technology for the operation and management of information technology (IT) infrastructure and IT service support. It offers a suite of IT infrastructure management applications that share knowledge-based configuration management database (CMDB) platform to identify, catalog, track, optimize, and manage the configuration items. The company offers asset management application for managing IT asset lifecycle according to preset business rules; and rack and connectivity application that optimizes containership of data centers by managing card positioning in chassis and chassis in racks. N(i)² was founded in 2003 and is headquartered in Montreal, Canada.

Optosecurity

Series B in 2007
Optosecurity Inc. develops and commercializes security products for the transportation and critical infrastructure markets. It offers OptoScreener, an inline checkpoint security system that automatically detects potential threats, such as weapons and weapon parts, as well as identifies dangerous liquids and gels. Optosecurity Inc. was founded as Optobiometrics, Inc. in 2003 and later changed its name to Optosecurity Inc. in June 2004. The company is based in Quebec, Canada.

GO Capital Fund

Venture Round in 2006
GO Capital is a $50 million venture capital fund intended to support young Quebec technology firms in search of financing, particularly firms working in the fields of advanced technologies, information technology, life sciences and telecommunications. GO Capital investments in the selected firms will match, dollar for dollar, the investments by BDC, bringing the available capital to $100 million. FIER Partners has undertaken to invest $25 million taken in the new stream of seed funding for technology firms in Go Capital. The remaining capital is being provided by the BDC ($10 million), the Caisse de dépôt et placement du Québec ($10 million), the Solidarity Fund QFL ($3 million) and Fondaction, the CSN's development fund for co-operation and employment ($2 million).

Optosecurity

Series A in 2005
Optosecurity Inc. develops and commercializes security products for the transportation and critical infrastructure markets. It offers OptoScreener, an inline checkpoint security system that automatically detects potential threats, such as weapons and weapon parts, as well as identifies dangerous liquids and gels. Optosecurity Inc. was founded as Optobiometrics, Inc. in 2003 and later changed its name to Optosecurity Inc. in June 2004. The company is based in Quebec, Canada.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.