Fondaction

Fondaction is a Montreal-based investment firm established in 1996, specializing in both direct and fund of fund investments, primarily in small and medium-sized enterprises across various sectors, with a strong emphasis on clean energy and agri-food. The firm engages in private equity and venture capital investments, targeting companies at various stages, including seed, startup, and later-stage transactions, primarily within Quebec. Fondaction's direct investments range from CAD 0.5 million to CAD 10 million, while fund investments typically fall between CAD 0.5 million and CAD 75 million per transaction. With a commitment to socially responsible finance, Fondaction integrates sustainable development principles into its investment strategy, supporting over 1,050 SMEs and contributing to job creation in the region. The organization manages assets exceeding one billion dollars, derived from retirement savings of more than 131,000 shareholders. Fondaction is recognized for its transparency in sustainable development practices and compliance with international reporting standards.

Daniel Charron

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

Isabelle Lechasseur

Portfolio Director, CoInvestments

Caroline Senneville

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

Past deals in Recycling

Lithion

Series A in 2022
Lithion is a company focused on the environmentally responsible and economically viable management of lithium-ion batteries. It offers a recycling platform that employs a combination of hydro- and electrometallurgy-based extraction processes. This innovative approach results in a low-carbon recycling method that generates zero effluent, making it a sustainable option for clients and government entities looking to recycle batteries. Lithion aims to facilitate the efficient recovery of valuable materials from used batteries while minimizing environmental impact.

Loki

Seed Round in 2019
Developer of box spaces from salvaged and transformed shipping containers, based in Charlesbourg, Canada. The company creates different types of corporate and event spaces, projection rooms and mobile theaters from recovered and transformed shipping containers.

Enerkem

Corporate Round in 2019
Enerkem Inc., a development stage company, focuses on the development and production of renewable biofuels and chemicals from waste. The company primarily focuses on the commercial production of cellulosic ethanol. Its proprietary thermochemical process converts waste into biofuels and chemicals. The company has a strategic partnership with NOVA Chemicals Corporation. The company is based in Montreal, Canada.

Electrobac

Seed Round in 2018
ELECTROBAC INC. develops a smart bin for disposing electronic waste. It provides recovery and repackaging of small electronics. The company was founded in 2016 and is based in Montreal, Canada.

Enerkem

Private Equity Round in 2018
Enerkem Inc., a development stage company, focuses on the development and production of renewable biofuels and chemicals from waste. The company primarily focuses on the commercial production of cellulosic ethanol. Its proprietary thermochemical process converts waste into biofuels and chemicals. The company has a strategic partnership with NOVA Chemicals Corporation. The company is based in Montreal, Canada.

Enerkem

Corporate Round in 2018
Enerkem Inc., a development stage company, focuses on the development and production of renewable biofuels and chemicals from waste. The company primarily focuses on the commercial production of cellulosic ethanol. Its proprietary thermochemical process converts waste into biofuels and chemicals. The company has a strategic partnership with NOVA Chemicals Corporation. The company is based in Montreal, Canada.

Daoust

Private Equity Round in 2017
Daoust is expert in ecological cleaning. With over 30 years of experience, customers textiles are treated with care and solvent-free.

Koncas

Seed Round in 2015
Operator of a recycling company based in Canada. The company offer recycling services for building materials, renovation and demolition.The company offer recycling services for building materials, renovation and demolition.

Enerkem

Private Equity Round in 2011
Enerkem Inc., a development stage company, focuses on the development and production of renewable biofuels and chemicals from waste. The company primarily focuses on the commercial production of cellulosic ethanol. Its proprietary thermochemical process converts waste into biofuels and chemicals. The company has a strategic partnership with NOVA Chemicals Corporation. The company is based in Montreal, Canada.
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